Financial aid cannot be disbursed prior to enrollment or during periods of non-enrollment. One half of the total grant, loan or scholarship funds for the year are disbursed each semester. Financial aid begins to apply to your University student account no earlier than ten days before the semester begins.
First-time Stafford Loan borrowers at this University must complete Entrance Counseling prior to disbursement. Entrance Counseling can be completed at studentloans.gov. Please retain a copy of the Entrance Counseling confirmation page for your records.
Aid disburses only when the enrollment status matches the funding status. For example, an undergraduate funded full time (i.e. 12 credits required) who is only registered for 9 credits will not have a disbursement occur until 3 more credits are added. Coursework at another college does not count towards the minimum number of credits required. Any student whose enrollment plans have changed must submit the Reporting Changes form (Interactive Form or Printable Form). If revisions are made, you will be able to view the changes via MyNEVADA under “Fin. Aid Offer”.
All spring only students must be monitored by the National Student Loan Database System (NSLDS). During the seven day hold period, financial aid cannot be disbursed. If we are alerted that you still have financial aid pending at another institution, you must cancel your financial aid in writing with that institution. A confirmation of the cancellation is required before aid can be disbursed for the spring semester.
Work-Study and student employment payroll checks are distributed twice a month by the Cashier’s Office. Direct deposit is available.
Financial aid and scholarships administered by our office are first applied directly to your University Student Account to pay mandatory charges for tuition, fees, University-operated housing, and other University charges.
If your financial aid exceeds the charges on your University Student Account, you will receive the balance of the funds (referred to as a “refund”) to pay other educationally related expenses.
Refunds will be released to you in one of the following ways:
Wages are paid twice a month through the University Payroll Office for hours worked during that period. A timesheet is required and verified by the employer. Direct deposit into the student’s personal bank account can be arranged through Payroll. Otherwise, payroll checks may be picked up at the Cashier’s Office.