Receiving Your Award
When You Will Receive Your Funds
Financial aid funds are disbursed at the beginning of each semester. If the semester has already begun when your eligibility for financial aid is determined, aid is disbursed within one week of your acceptance of its offer provided other award conditions, if any, are completed such as entrance loan counseling and signing a loan Master Promissory Note.
Financial aid for the academic year is paid in two disbursements, one half in the fall semester and half in the winter semester. One-semester loans are disbursed in one payment. Financial aid for the spring/summer semester is disbursed in one payment.
Winter 2010 disbursements will begin on Monday, January 4.
How Funds Are Received
All financial aid offered through the Office of Student Financial Aid except work-study awards is credited to your student tuition account to pay for (1) your tuition and fees and (2) board and room, if applicable.
Work-study earning are paid biweekly in the form of a paycheck. The department in which you are employed submits a record of the hours you work to the WSU Payroll Office, and the Payroll Office authorizes payment of your earnings. Students employed through work-study earn at least the federal minimum hourly wage. The Wayne State University Guide to Student On-Campus Employment provides comprehensive information concerning the work-study hiring process.
Notice: Only half of an academic year work-study award can be earned each semester, fall and winter. You cannot earn the total amount of a work-study award during only one semester. The spring/summer semester is the third term of the school year. It is separate from the fall and winter semesters. Therefore, unused funds from a fall and/or winter work-study award cannot be earned in the spring/summer semester.
What Happens to Excess Aid
After tuition and fees, board, and room, as appropriate, are paid, your remaining aid, if any, that is not restricted to payment of tuition only will be disbursed.
Direct deposit is an option for receiving excess financial aid. The direct deposit application can be completed online. To access the application, do the following.
1. Log on to WSU Pipeline
2. Click on the Student Tab.
3. Click on More Student Services.
4. Select Direct Deposit and fill in the required information.
If you do not choose to participate in direct deposit, your excess financial aid will be disbursed via check.Checks are produced weekly on Monday and Thursday and mailed on Tuesday and Friday. The University Cashier’s Office will mail the check to your address that is on file in the Student Records Office. Note: To change your address on University records, contact the Student Records Office.
If you have unpaid outstanding University debts other than tuition and fees, board, and room, you are responsible for paying them from your remaining financial aid, if any. If you want the University to deduct payment for such debts from your financial aid, you must complete a "Title IV Authorization Form."