Payment Work Sheet
How Aid Pays
Educational Tax Benefits
How Does My Financial Aid Pay My Account?
Here is a guideline of what to expect with the various types of aid.
*If you have outstanding disbursement requirements, the following schedules will NOT apply. You must complete all requirements before any of your aid (other than merit scholarships) will be released to your account. Check BanWeb to see if you have any outstanding requirements.
Institutional and Federal Scholarships and Grants
For the most part, institutional and federal scholarships and grants will be automatically applied to your account 10 days prior to the start of each quarter.
State and other non-SPU Scholarships
Students may select through the State of Washington Student Directive form to have the funds electronically disbursed or disbursed through a check. If you select electronic disbursement the funds are automatically credited to your student account at the beginning of each quarter, provided all requested documents have been submitted to SFS, you are registered for the number of credits upon which your financial aid award was based, and verification (if required) has been completed. If you select a check the funds will be available by mail or direct deposit, at the beginning of each quarter, but will not directly pay your student account, provided all requested documents have been submitted to SFS, you are registered for the number of credits upon which your financial aid award was based, and verification (if required) has been completed; you will be responsible for any owing balance and if applicable late fees.
Most of the scholarship checks from other outside (non-SPU) sources will come to the University and be automatically applied to your account each quarter. However, some organizations will require that you endorse the check. We will notify you if you need to come in and sign for one of your outside scholarships.
Work study is the expectation that the student will work, not a guaranteed source of funds. If work study is needed to pay the balance of the account, the student is responsible for paying SPU out of his or her wages.
Last Updated: 12/14/2011