Disbursement of Aid
Several conditions must be met to ensure receipt of your aid during the first week of classes:
You should be registered for classes at least 14 days before the start of the semester.
Your original awards are based on the assumption you will enroll at UWM for either twelve or more credits as an undergraduate student or eight or more credits as a graduate student. You must notify the Financial Aid Office if you will enroll for fewer credits. Although there are numerous ways you can notify us, preferred methods are sending an e-mail to (email@example.com). Depending on volume, it can take 2-3 weeks for adjustments to be made once you have sent notification to us. As such, the earlier you notify us, the more likely you are to receive your aid on time.
William D. Ford Federal Direct Stafford Loans:
In addition to accepting the loan offer via your PAWS account, first-time borrowers need to complete a master promissory note(MPN) in order to receive the funds. You must complete the online version at least 14 days before the start of the semester. The online MPN website is http://www.studentloans.gov.
If you are a first-time borrower, you must complete entrance loan counseling at least 14 days before the start of the semester. This should be done online at http://www.studentloans.gov.
Federal Perkins and Nursing Loans:
The Perkins loan program also uses a master promissory note (MPN) but it is a different MPN than the one used for a Federal Direct Stafford Loan. Nursing Loan borrowers must complete a new promissory note each year (as well as for any increases to a loan). For first-time borrowers, the Perkins and Nursing loan promissory notes must be completed at least 14 days before the start of the semester. Once you have accepted the offer via your PAWS account, if a MPN is necessary, you will see a TO DO item on your PAWS account. The link on the TO DO item gives details on how the online MPN should be completed.
Excess cash checks are mailed by the Bursar Office. Your correct address should be on PAWS at least 14 days before the start of the semester. The U.S. Post Office will not forward your check(s). They will be returned to the Bursar Office, Mitchell Hall 295.
Other Disbursement Issues:
- Depending on the funding source, not all aid may be paid at the same time. Any additional aid paid during the semester will be based on the credit level used for the first disbursement of your aid, as long as you continue to be enrolled at least half-time.
- Any additional disbursements of aid paid after grades have been posted for a prior semester will be based on the credit level used for the first disbursement of aid unless you become ineligible or earn less than half-time credits. (Earned credits do not include audit credits and grades of "F", "NR", "NC", and "I").
- If you are a TA, RA, or AOC (DEO classification) student, you must be paying full-time fees to be considered full-time for financial aid purposes. If you are not paying full-time fees, your aid may be reduced.
- If all of your aid is not disbursed at one time, excess cash checks will be mailed as soon as they become available. Due to the high volume of checks, the Bursar's office will be unable to hold check(s) for pick-up.
- The Bursar's Office starts mailing excess checks approximately one week before the start of the semester or your first class for summer. If you do not receive a check during the first week of classes, review the information above to determine if all required information was taken care of in a timely manner. Information submitted or corrected after deadlines indicated will result in a late disbursement and a delay in the mailing of any excess cash check.