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Financial Aid

Disbursement

The OSFA begins disbursing aid no earlier than 10 days before the start of each semester. Current term aid is disbursed on Tuesdays and Thursdays evenings. During the spring term, fall aid is disbursed on Monday evenings. Aid is credited to UIC student billing accounts each semester. Based upon notification of other awards, changes in enrollment, etc., financial aid and bills can change at any time (even after the semester ends). The OSFA is required to make the appropriate adjustments, which can take up to two weeks.

Students can check current student account balance, including any aid disbursements, online via the UIC portal under the Finances tab.

Students cannot receive aid until satisfying all outstanding requirements and accepting Award Notifications online. By accepting financial aid awards and having aid disburse to accounts, students accept all terms and conditions associated with each award. It is a studentís responsibility to review and understand the terms and conditions.

Refunds:

If aid is greater than the charges assessed on a student account, the University Student Financial Services & Cashier Operations (USFSCO) will issue a refund for the surplus. Students must enroll in direct deposit with USFSCO to receive a refund. For more about refunds, direct deposit, and free banking options, see USFSCO’s information on refunds.

UIC does not have a book voucher program. Students who intend to use financial aid funds to purchase books must do so after receiving a refund from USFSCO.

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