RECEIVING YOUR FINANCIAL AID 
How the Cashiers Office Will Disburse Your Financial Aid
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Requirements for the Disbursement of Aid Payment of Your University Bill |
How the University Billing Office Will Disburse Your Financial Aid
The Office of Student Financial Aid determines your eligibility for financial aid, but the University Billing Office is responsible for the disbursement of your financial aid (except Work-Study). The University Billing Office will use your financial aid when it is released to them by the Office of Student Financial Aid. Prior session charges must be paid before financial aid funds can be released. The first bill of a semester will show an estimate of all of your approved financial aid (except work-study). If part of your aid includes scholarships and grants, they will be used to pay for contract charges before any loans. Any excess financial aid (any financial aid over and above what is used for contract charges on your bill) will be refunded to you beginning the first day of class. In accordance with new federal regulations, University of Iowa policy requires that all excess financial aid refunds and all other credit balances from your University bill be electronically deposited to the financial institution account of your choice. This policy also covers refunds from PLUS loans to parents. Parent PLUS loan borrowers will be mailed an authorization form with their promissory notes or can print the form from the University Billing web site. For prompt refund processing, it is important that you sign on to ISIS and provide your bank account information into the secure ISIS portal. Electronic refunds will be processed daily and in your account within two days. If you do not provide your financial institution information, your excess refund could be delayed up to 14 days. You can also authorize the University Billing Office to pay for any other current session charges before any amount is refunded. This authorization form can be printed from the University Billing Office web site. Sign and return the authorization form to the University Billing Office, Room 5 Calvin Hall. Further information about the billing process can be found on the Payment Options section of the University Billing Office web site. You may contact the University Billing Office at:
The University of Iowa Billing Office
5 Calvin Hall
Iowa City, IA 52242
(319) 335-0071
(800) 943-4557
www.uiowa.edu/ubill