Financial aid will appear on your awards page on WebAdvisor. At the time of billing, awards for which all eligibility criteria have been fully met will be classified as “Available;” and/or "Pending” and may be deferred against your outstanding University charges for the term of the award. Federal loan funds will be disbursed after the end of the 100% refund period provided all paperwork is completed. All Private loans remain in a pending status until after the semester/term begins and it is determined that the student is actually attending classes. If all necessary paperwork is complete the funds will be requested from the lender during the first week of classes or upon completion of the necessary paperwork. Once we have requested the funds, the pending status will change to an active status and the funds are usually disbursed to CCU within 7 to 10 business days.
The funds are posted to the student’s account automatically upon receipt from the lender. In cases where your available financial aid is greater than your University charges, the excess will be reflected on your student account until the Office of Student Accounts refund process. It is highly recommended that you sign up for Direct Deposit on WebAdvisor, Under Student Accounts-Financial Services. If you have signed up for Direct Deposit, the refund process will deposit the excess funds directly into your bank account. If you have not signed up for Direct Deposit, the excess funds will be mailed to you in the form of a University check. These checks are mailed, according to an arranged schedule, from the Office of Student Accounts to either your local or permanent address as listed with The Registrar. Check with the Office of Student Accounts for the exact mailing dates and with questions regarding the mailing of your check. It is your responsibility to keep your address current with University Records.
**Please note that Federal Work-study may not be used to pay your fees. Work-study funds are only received when work has been completed.