Disbursement of Funds

Financial aid is awarded for the academic year and financial aid is disbursed (funds arrive at PAU and post to the student account) each quarter. Financial aid funds posted to the student billing account will be used to cover any PAU charges first. Any remaining credit balance will be refunded directly to the student. Both Financial Aid and the Bursar collaborate to process refund checks available to eligible students in the first week of each quarter; however, that time frame is not guaranteed. If an undergraduate, Pell-eligible student does not have a refund check within the first 7 days of the quarter, but does have an anticipated Pell Grant credit balance, the student may apply for the first loan through the Business Office.

Students have the option to receive refunds via direct deposit by completing the Direct Deposit Form available in the student portal (MyPAU) and submitting it to the Business Office. Students who do not wish to enroll in direct deposit will have to pick up their check from the Business Office during regular business hours or arrange for the check to be mailed.