Disbursement Schedule

Generally, financial aid is awarded for the academic year and disbursed each semester based on a student’s enrollment status.  Different aid programs (i.e. scholarships, grants and loans) may disburse at different times. For students who are enrolled full-time and have a complete financial aid file, aid will disburse as follows:

ESTIMATED FALL DISBURSEMENT DATES

Institutional Scholarship/Grants August 15, 2018
Minnesota State Grants August 15, 2018
Federal Grants (Pell Grants and SEOG) August 27, 2018
All Loan Programs (Federal and Private) September 17, 2018
ESTIMATED SPRING DISBURSEMENT DATES

Institutional Scholarship/Grants January 15, 2019
Minnesota State Grants January 15, 2019
Federal Grants (Pell Grants and SEOG) January 25, 2019
All Loan Programs (Federal and Private) February 18, 2019
ESTIMATED SUMMER DISBURSEMENT DATES

Minnesota State Grants May 13, 2019
Federal Grants (Pell Grants and SEOG) May 13, 2019
All Loan Programs (Federal and Private) May 23, 2019
IF YOU ARE ENROLLED ONLY IN SUMMER SESSION II
Minnesota State Grants July 1, 2019
Federal Grants (Pell Grants and SEOG) July 1, 2019
All Loan Programs (Federal and Private) July 8, 2019
ESTIMATED FALL DISBURSEMENT DATES

Institutional Scholarship/Grants August 13, 2019
Minnesota State Grants August 13, 2019
Federal Grants (Pell Grants and SEOG) August 26, 2019
All Loan Programs (Federal and Private) September 16, 2019
ESTIMATED SPRING DISBURSEMENT DATES

Institutional Scholarship/Grants January 14, 2020
Minnesota State Grants January 14, 2020
Federal Grants (Pell Grants and SEOG) January 24, 2020
All Loan Programs (Federal and Private) February 17, 2020
ESTIMATED SUMMER DISBURSEMENT DATES

Minnesota State Grants TBD
Federal Grants (Pell Grants and SEOG) TBD
All Loan Programs (Federal and Private) TBD
IF YOU ARE ENROLLED ONLY IN SUMMER SESSION II
Minnesota State Grants TBD
Federal Grants (Pell Grants and SEOG) TBD
All Loan Programs (Federal and Private) TBD

Refunds

If your financial aid exceeds the amount of charges on your student account, you will receive a refund after all your financial aid has been disbursed. Refunds generated by financial aid may be used to pay other expenses related to obtaining a college degree. (Note that if subsequent charges are made to your account, you are responsible for paying them. You can view your student account on Murphy Online.

eRefund or Paper Check

Students are strongly encouraged to take advantage of the eRefund (Direct Deposit) option offered by the Business Office. Having your financial aid refund deposited directly in your account ensures you will receive your funds quickly, usually within days. If you do not set up direct deposit, refunds will be issued via paper check and mailed to your billing address. If PLUS Loan funds create a refund, the parent borrower will be issued a refund via paper check mailed to the parent address on file.