How Financial Aid is Disbursed
Students must meet admissions, attendance and satisfactory academic progress requirements prior to receiving financial aid. All loans, grants, scholarships, and work study awards are subject to change, depending on enrollment status, other resources, participation criteria and availability of funds. If attending the academic year, grants, scholarships and loans will be disbursed in two allotments during the period of time for which the student is enrolled. Aid is disbursed each semester during the fee payment date and thereafter. Fee payment date information can be obtained at the Financial Aid office or from Business Affairs. The students’ accounts will be credited and any excess aid will be disbursed by Business Affairs.
The Department of Education or Dickinson State University may require students, through a process called verification, to document the information provided on their financial aid application. If the applicant does not provide the requested documentation, federal aid funds will not be disbursed.
Students are required to repay any financial aid received as a result of inaccurate information. Any person who intentionally misrepresents facts on the application violates federal law and may be subject to a $20,000 fine and/or imprisonment.