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Financial Aid

Disbursement

The OSFA begins disbursing aid no earlier than 10 days before the start of each semester. In general, current term aid is disbursed on Tuesdays and Thursdays evenings. During the spring term, fall aid is disbursed on Monday evenings. All aid is credited to your UIC student billing account each semester. Please be aware that based upon notification of other awards, changes in enrollment, etc. your financial aid and bill can change at any time (even after the semester has concluded). Regardless of the timing, the OSFA is required to make the appropriate adjustments. Once notified the OSFA tries to make adjustments as quick as possible, but depending upon the time of the year making the necessary adjustments may take up to two weeks.

You can check your up to date student account balance, including any aid disbursements online via the UIC portal under the Finance tab.

Keep in mind that you cannot receive aid until you have satisfied all outstanding requirements, gone through the awarding process, and responded to your Award Notification online. By accepting your financial aid awards or by them being disbursed to your student account, you are accepting all terms and conditions associated with each award. It is your responsibility to make sure you have reviewed and fully understand the terms and conditions.

Refunds:

If your aid is greater than the charges assessed on your student account, University Student Financial Services & Cashier Operations (USFSCO) will issue you a refund for the surplus. You must enroll in the direct deposit program with USFSCO in order to receive your refund. For more about refunds, direct deposit, and free banking options, see USFSCO’s information on refunds.

UIC does not have a book voucher program. If you are using financial aid funds to purchase books, you must do so after you have received your refund from USFSCO.

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