How and When Do You Get Your Money
CHECKS ARE DISBURSED AS FOLLOWS:
If a bank is your chosen lender, the Federal Stafford Loan check will be mailed directly to the College. It will be disbursed to you during the Pre-enrollment Workshop provided all necessary paperwork has been completed in a timely manner. The Financial Aid Office will provide you with an authorization voucher to obtain your check from the Administrative Affairs Office (D 131).
William D. Ford Federal Direct Loans, scholarships awarded by the College of Dentistry or the University, and other school-managed funds (Health Professions Loans, Perkins Loans, Southeastern Kentucky Loans and others) will be credited directly to your tuition account by the University of Kentucky Student Billings Services. If the credited amount EXCEEDS the amount owed for tuition, the University will issue you a residual check for the difference. This check will be disbursed to you in the same manner as the bank check above, but may take an extra few days to process. If the amount credited is LESS than the tuition owed, you must pay the balance.
NOTE: Students should plan to have some funds available to provide for living expenses, book and supply purchases, etc. during the first few weeks in the event that loan checks do not arrive on time. Because of the many steps in the loan application process and the many agencies that play a part in the actual disbursement of funds, delays (although rare) may and sometimes do occur.