Aid "Disbursement" to your Student Account

If you are offered student loans, Student Financial Aid will notify you if a student loan promissory note is required. The first year you borrow a Federal Stafford Loan at Averett, you must complete a master promissory note and an online entrance interview.

Outside Scholarship checks received by the University will be directly applied to your student account (unless otherwise specified by the scholarship donor).

When the academic year begins, your anticipated aid will be processed and disbursed to your student account, provided you are registered for the appropriate number of credit hours and have met individual program requirements. Financial Aid will be used to pay charges for tuition. If disbursement of aid is more than enough to pay your student account charges for the loan disbursement period, accounting will determine any excess funds and they will be sent to you by the Accounting Department. If you have questions regarding your account balance or excess funds, please contact your accounting representative at 1-800-948-2810.