Federal Financial Aid Distribution

What You Need to Know About Financial Aid Distribution

How Financial Aid is Disbursed

The processing of BYU-Idaho Scholarships and Federal Financial Aid starts on the first day of the semester.

• Allow 3-5 days for financial aid to process

Outside scholarships can take longer depending on the individual award

State Scholarships

Idaho Launch:

• if you are enrolled in 12 or more Program Applicable credits your Idaho LAUNCH grant will be processed to your student account in the first 3-5 days of the semester.
• If you are enrolled in fewer than 12 credits we will not disburse your grant until after the add/drop deadline, giving you time to adjust your credits.
• Be sure to pay your 20% of tuition to avoid late fees.

Idaho Opportunity Scholarships:

• If you are enrolled in 12 credits your scholarship should be disbursed the first 3-5 days of the semester.
• If you are enrolled in fewer credits it may take a little longer for your scholarship to disburse. If your money has not been disbursed after the first week of the semester, please email idahostateaid@byui.edu.

How can I tell if my financial aid has been processed?

In your financial aid portal:

• Under Financial Aid click View Details on each scholarship, Pell Grant or Loan.
• Click on the semester and then a box will appear with the status of your aid. 
• If the Payment status is Scheduled the aid is still processing.
• If the Payment status is Paid then the aid has been processed with Financial Aid 
• If there is a canceled award and a second award that is scheduled, the canceled portion can be disregarded.

When your financial aid status is Paid in your financial aid portal, it follows this process:

1. Notification of Aid is sent to the Student Financials (Accounting Services) office to be processed to your BYU-Idaho student account
   
   1. Expect to see your aid reflected in your student account in 24 hours.
2. It automatically covers
   
   1. Outstanding tuition
   2. Required Fees
   3. On-campus housing charges
      (Only Center Square and University Village complexes are on-campus housing)
3. To automatically cover additional charges, complete the Federal Financial Aid Authorization

Receiving Remaining Financial Aid Funds

• Fastest and safest method: eRefund (direct deposit)
• eRefunds are processed and disbursed by the BYU-Idaho Student Financials (Accounting Services) office 

Submitting FAFSA After Priority Deadlines

• You can still submit your FAFSA after the Priority deadline!
  
  • you can submit FAFSA at any time during the academic year
• You can still receive federal aid if you are eligible
• However, aid may not be available by the tuition due date
• Late submissions may result in late fees so be prepared and pay your tuition at the beginning of the semester!  
  
  • Sign up for eRefund and any financial aid you qualify for can be deposited in your bank account once it has been processed