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Step 4 - Receive

If you have accepted your award, your funds are ready for disbursement to your student account.

If your semester funds are in excess of your semester charges, you may receive the excess in the form of a refund check. Depending on the time of year, the check will be either automatically mailed, ready for pickup in Student Receivables, available upon request, or you may create a student direct deposit bank account on myBama.

Some common things that prevent your aid from being disbursed to your student account:

  • Master promissory notes have not been completed and submitted for Federal Stafford and/or Federal PLUS loans.
  • Student has not yet registered for minimum required hours (enrollment must be at least half time)
  • Entrance Counseling has not been completed and submitted for Stafford loans.


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