Financial Aid Disbursement

Disbursement of Aid

Federal regulations limit financial aid disbursement to no more than 10 days before the start of a term or payment period. Students can find their financial aid disbursement information by logging into Student Self-Service), navigating to the financial aid section, selecting Award Offer, and then ‘View Your Payment Schedule. For your convenience, the term disbursement dates are at the bottom of this page.

Disbursement dates may change depending on when financial aid applications are completed and when student loan paperwork is accepted and finalized. If aid isn’t disbursed on the initial payment date, funds will be credited weekly after all required paperwork is confirmed as complete.

Students can cancel all or part of a Federal Direct Loan, including specific disbursements. To cancel a disbursement, students must notify the Financial Aid Office at finaid@neomed.edu before the funds are credited to their tuition account or within 14 days of notification.

If a refund has been issued, funds may be returned to the lender if the request is made within 120 days of the loan disbursement to the student tuition account. To return a credit balance refund, submit a personal check payable to NEOMED for the desired amount along with a completed Student Loan Request Form. Students may also return an uncashed credit balance refund check if they do not require the funds.

Federal regulations require the disbursement of financial aid to qualifying education expenses before a student is eligible for a credit balance refund.  There are circumstances where a student may be billed for a non-qualifying education expense and will be required to pay such expense, unless the student grants authorization to use Tile IV funds to pay the expense. Students will complete the Title IV Authorization form during the financial aid application process. Students may change their elections to the Title IV Authorization Form at any time by contacting the Accounting Office at 330.325.6369.

When the disbursed financial aid made toward a student’s tuition account total more than the billed costs, the additional amount will be refunded to eligible students within 14 days of the establishment of a credit balance refund.  The University will allow receipt of a credit balance refund by:

• A direct deposit to a checking or savings account with written authorization and supporting documentation.
• A paper check mailed to a valid local or permanent address on file with the University.

It is the student’s responsibility to maintain an accurate direct deposit and/or mailing address with the University.  Direct Deposit returns due to a closed account or a returned paper check may be reissued to the student and are subject to a reprocess fee.

Students should review the Credit Balance Refund Policy, located in the policy portal.

The disbursement calendar is subject to change without notice based on any changes to the period of engagement in the curriculum.

Disbursement Calendars

2025-26 Academic Year