Receiving Your Award
When You Will Receive Your FundsFinancial aid is paid in two disbursements if the award is for the academic year, half in the fall semester and the other half in the winter semester. Aid is not disbursed to your student account until the week prior to the official start of the semester.
Financial Aid Refunds are released within 14 days of disbursement. Late financial aid applicants will receive payment after an award is offered and accepted provided other award conditions are completed, such as entrance loan counseling and signing a loan Master Promissory Note.
You have the right to cancel all or a portion of your student loans and may do so by notifying us in writing within 30 days of disbursement. Include your full name, student number, and signature.
Your financial aid will be credited to your tuition account to pay for your tuition and fees. When these charges are paid, the University Student Accounts Receivables Office will refund your remaining aid, if any, to you in a mailed paper check or via direct deposit.
Work-study earnings are paid biweekly for the hours you have worked in the form of a paycheck. Students employed through work-study earn at least the federal minimum hourly wage.
If you have unpaid outstanding University debts other than tuition and fees, board, and room, you are responsible for paying them from your remaining financial aid, if any. If you want the University to deduct payment for such debts from your financial aid, you must complete a "Title IV Authorization Form."
Wayne State University offers installment tuition payment plans for university debts. Detailed information about the plans is available on the WSU Cashier's Office Web site.
After your charges are paid, the University Student Accounts Receivables Office will refund any remaining aid, to you in a paper check or via direct deposit.
Direct deposit is an option for receiving excess financial aid. The direct deposit application can be completed on WSU Pipeline.
If you do not choose to participate in direct deposit, your excess financial aid will be disbursed via paper check. Checks are produced weekly and mailed to your current address. To change your address, contact the Law Student Records Office.