Grant Disbursement Process
Once a student accepts his/her financial aid awards, the awards will appear on the student's billing account in myUHV as anticipated aid. Grants will be credited toward the students university account after all required documentation has been received and the student meets the eligibility criteria of the award.
Financial aid will not disburse to a student's account if Financial Aid forms or documentation are still appearing on the student's To Do List; the eligibility criteria is not met, a financial aid hold is on the student's record; or the student's cost of attendance budget and awards have not yet been revised to meet his/her current enrollment status. If one semester remains at the beginning of an academic year because the student is anticipating graduation, the grant may be prorated according to the student's enrollment status.
UHV begins disbursing financial aid to the student accounts no earlier than the first day of class. The financial aid will be applied to current year charges. Federal regulations allow UHV to use federal aid only for current year expenses and for the most recent PRIOR academic year balance up to $200. Any resulting credit balance will be issued to the student. Students will be notified via UHV email when their financial aid is applied to his/her student account.
Any resulting credit balance will be issued to students in accordance with the refund preference they have selected with BankMobile. For more information about BankMobile, visit this link: http://bankmobiledisbursements.com/refundchoices/.