Disbursement Information

Once you have received your Davenport University Financial Aid award notification you are ready to begin/continue your journey to receive your degree.

Grants, scholarships, student loans, and similar types of aid disburse directly to your student account to pay tuition, fees, books, room, meal plan, and/or other charges on your Davenport student account.  Grants, scholarships, and similar types of aid disbursed to your account generally one week after the start of the semester.  Loans disburse at a later date to allow for changes in your schedule and for book charges to be applied to your account. 

Loan Disbursement Dates for the 2019/2020 academic year

Semester long courses and Session 1 Students Session 2 Only Students
Fall:  9/23/2019 Fall 2:  11/18/2019
Winter:  1/27/2020 Winter 2:  3/23/2020
Spring/Summer:  5/28/2020 Spring/Summer 2:  7/23/2020

 

Notes about your student account:

  • If you have not dropped or withdrawn from any of your courses and you have excess financial aid, you are eligible to receive the credit balance (refund).

  • The Bursar’s Office will process a credit balance (excess financial aid) within 14 days after your financial aid is disbursed to your account.

  • Once the Bursar’s Office audits your account,  the resulting credit balance will be delivered to you based on your refund preference.

  • Bursar’s Office phone number:  1-800-266-6158

One important step remains: you've got to accept your aid!

How to Accept Your Financial Aid

  1. Loans: You have the option to accept, reduce or decline your loans.  Loans will not disburse until you make a selection.

  2. Finally, view our Accepting, Reducing or Cancelling Awards page for more information on how this is done.