Disbursement of Funds

Financial aid is paid out in two disbursements, half for the fall semester and half for the spring semester.

All first time loan borrowers must complete Entrance Counseling and sign a Master Promissory Note (MPN) at studentloans.gov before the loans can be disbursed.  Additional information can be found on our Loan page. 

All federal, state and institutional awards are received by the institution and credited to the student's school account to pay tuition and fees, room and board, and other authorized charges.  If the disbursement amount exceeds school charges, the remaining balance is issued as a refund and checks are mailed to students' mailing address if there is one on file, otherwise the check will be mailed to the student's permanent address.  Students are not permitted to pick up refund checks in person.  Mailing addresses can be updated by the student by logging into their FELiX account. 

If you are expecting assistance from sources (e.g. Vocational Rehabilitation, Americorp, SMART 529, private scholarships) outside Fairmont State University, those funds may arrive at a later time.  You will want to make contact with the agency providing the funds to assure that you have provided all necessary documents and information for them to process the payment to be sent to Fairmont State University.    

It is the student’s responsibility to monitor their FELiX account for billing information, application of financial aid, and receipt of outside resources.  If you need an additional payment option, check out FIPS.