Financial Aid Disbursement and Billing Process

Disbursement Based on Enrollment Verification
Before financial aid funds can be disbursed to a student's account, students must meet the disbursement criteria specific to the aid program(s). Detailed descriptions of the aid awards offered are located in the menu bar under Types of Aid.

Most grants require full-time enrollment, however, some will be adjusted by a prorated amount on less than full-time enrollment (at least 12 credits). The Federal Pell Grant, for example, will be adjusted according to the student's enrollment status, e.g., 75 percent of the full award if enrolled three-quarter (9-11 credits) time, 50 percent if enrolled half-time (6-8 credits) or 25 percent if enrolled less than half-time (1-5 credits). The Minnesota State Grant is disbursed on a per credit basis and the amount varies for each individual student based on their individual enrollment. Students must be enrolled for 15 credits to receive a full Minnesota State Grant.

Generally, scholarships require full-time enrollment (at least 12 credits). If students receive an outside scholarship that does not require full-time enrollment, the Financial Aid Office must receive written authorization from the donor before disbursement can occur.

Students must be registered for at least 6 credits to be eligible for the Ford Federal Direct Loans, the Federal Perkins Loan and student employment.

Enrollment will be verified approximately 1 week prior to the start of each term. Financial aid will be adjusted to reflect enrollment on that date so that disbursement of a student's financial aid can occur at the earliest opportunity.

Enrollment will be verified again on the first day and the end of the second week of classes for each term. Review the Essential Deadline Dates for Registration. Final adjustments to the student's aid will be made at this time due to increased or reduced credits. The student's account will be billed back any funds for which they no longer qualify or credited any excess funds.

The Financial Aid Office verifies student's enrollment at the end of the second week of classes and uses this as the student's official and final enrollment for the semester for purposes of determining a student's financial aid eligibility.

Billing Process
Review the Student One Stop Your Money for answers to questions about the University of Minnesota, Morris (UMM) billing process.

Students can review the billing schedule, view/pay their bill, set up parents to view and/or pay the bill, set up direct deposit to their student account, etc.

For more information contact the Business Office.