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EXCESS AID PROCESS
The Financial Aid Office authorizes the financial aid, which is applied to your student account. Once the aid applies to your student account, the Student Accounts staff will process any excess aid on Monday and Thursday mornings. If you are receiving your funds through direct deposit, the funds will be available in your bank account as early as Tuesday or Friday after the Student Accounts staff processes the refund. If you are receiving your funds through a paper check, the check is usually mailed on the Monday or Thursday it is processed by the Student Accounts staff. If the University is closed on a processing day, excess aid will be processed the next open business day. Please click this link for additional information.
Financial Aid – If your financial aid is not listed on your statement or on myUCA, please find out why. All financial aid must be processed, accepted, and ready for disbursement before the first scheduled class day for each semester or the student will be required to select another payment option. Please note that lenders may take out an origination fee of up to 4% of an expected loan balance before the money arrives at UCA and is posted to your account.
Financial Aid Authorizations – If you did not authorize UCA to use Federal Student Aid to pay for allowable educationally related charges other than tuition, fees, room, and board, you will NOT be able to charge books. You will also have to pay for charges like parking fines, the Greek Village fee, late fees, etc… out of your own pocket. If you do not pay them, there will be holds on your account. Please check your financial aid requirements through myUCA to verify that requirement TIV is a “1”. If it is a “2”, you did not authorize UCA to pay these fees. If it is an “N”, you need to answer the financial aid questions on myUCA. To change your answer, please fill out the Title IV Authorization Change Form and submit it to Financial Aid.
IMPORTANT DATES
Fall 2023
September 11, 2023 – Excess financial aid available for students utilizing direct deposit. Funds should be available in bank accounts by End of Business September 12, if all student aid is in place. Please see the instructions on our Direct Deposit page to sign up for direct deposit.
September 12, 2023 – Excess financial aid checks mailed to students not utilizing direct deposit. The checks will be mailed to the address on record with the University. Please check myUCA for your current address. Address changes may be made at the Registrar’s Office in Harrin Hall. Please note the void date on your check.
Spring 2024
January 29, 2024 – Excess financial aid available for students utilizing direct deposit. Funds should be available in bank accounts by End of Business January 30, if all student aid is in place. Please see the instructions on our Direct Deposit page to sign up for direct deposit.
January 30, 2024 – Excess financial aid checks mailed to students not utilizing direct deposit. The checks will be mailed to the address on record with the University. Please check myUCA for your current address. Address changes may be made at the Registrar’s Office in Harrin Hall. Please note the void date on your check.
Summer 2024
May Intersession and Full Term – May 10, 2024: Excess financial aid available for student utilizing direct deposit.
May Intersession and Full Term – May 10, 2024: Excess financial aid checks mailed to students not utilizing direct deposit. The checks will be mailed to the address on record with the University. Please check myUCA for your current address. Address changes may be made at the Registrar’s Office in Harrin Hall. Please note the void date on your check.
Summer I and 10 Week – May 31, 2024: Excess financial aid available for student utilizing direct deposit. Please see the instructions above to sign up for the direct deposit.
Summer I and 10 Week – May 31, 2024: Excess financial aid checks mailed to students not utilizing direct deposit. The checks will be mailed to the address on record with the University. Please check myUCA for your current address. Address changes may be made at the Registrar’s Office in Harrin Hall. Please note the void date on your check.
Summer II July 9, 2024: Excess financial aid available for student utilizing direct deposit. Please see the instructions above to sign up for the direct deposit.
Summer II July 9, 2024: Excess financial aid checks mailed to students not utilizing direct deposit. The checks will be mailed to the address on record with the University. Please check myUCA for your current address. Address changes may be made at the Registrar’s Office in Harrin Hall. Please note the void date on your check.
Summer III July 19, 2024: Excess financial aid available for student utilizing direct deposit. Please see the instructions above to sign up for the direct deposit.
Summer III July 19, 2024: Excess financial aid checks mailed to students not utilizing direct deposit. The checks will be mailed to the address on record with the University. Please check myUCA for your current address. Address changes may be made at the Registrar’s Office in Harrin Hall. Please note the void date on your check.