Your federal aid is disbursed (paid onto your account) in three equal installments during the fall, winter, and spring. Each term, your aid is disbursed onto your student billing account about a week prior to the start that term.
Your aid can only be disbursed if:
Financial aid disbursed to your student account pays your tuition and other university fees. If the amount of your aid is greater than the eligible charges on your student account, the difference will be refunded to you by the Student Accounts office. The Student Accounts Office is responsible for processing refunds from a student's account once financial aid has been applied. If you have questions about your bill, or your refund, please contact the Student Accounts.
If you participate in the Degree Partnership Program and are taking credits at another school as well as OSU, your financial aid will apply to your OSU account, and pay any fees or charges owed to OSU. OSU does not have billing agreements with partner schools and does not transfer your aid for you, so be aware of what you owe the partner school!
Students who receive money from Federal Work-Study programs are paid wages for the hours worked during the pay period. These funds do not go toward paying student tuition and charges. Federal Work-Study funds are paid out through a regular paycheck which comes from the Payroll Department and are generally available the last working day of the month.
If you have direct deposit set up, your refund will be directly deposited to your bank account and should be available the first day of classes. You can sign up for Direct Deposit online through MyOSU in the Personal Information section. This is the quickest, most efficient way to receive your refund.