Next Steps to Receiving Your Financial Aid
How to accept, reduce or decline your financial aid offer video.
The Financial Aid Offer
All students will receive an email notification from the Office of Financial Aid and Veteran Services when your financial aid offer is ready for your review in your accesSPoint. All new students will also receive a paper financial aid offer by postal mail. If needed, all students can request to receive a paper copy of their financial aid offer. Don't forget to view our
disclosures for additional information and important details.
Accept/Reduce/Decline Your Offer
Once you know your offer is ready, navigate to the Financial Aid tile in accesSPoint to accept, reduce or decline your loans and/or Federal Work-Study offer. Be sure to select the correct aid year at the top left corner. Offers of grants and scholarships are automatically accepted on your behalf. The financial aid offers are generally for the entire academic year and will be split equally between fall and spring semesters. If you want to reduce a loan or work study award, click "Accept" and enter the amount needed in the box (whole numbers only). After accepting, reducing and/or declining the various aid options offered, click SUBMIT, then YES, and OK. Once submitted, any changes or updates must be made by our office. If you need further guidance, check out our video above for a step-by-step tutorial.
Complete Direct Loan Requirements
For many students, loans have become a necessary component of financing
their educational expenses. Loans, by definition and regulation, must be
repaid and therefore should be used sparingly and wisely. If you accept
a loan you are responsible for repaying the loan plus interest.
Remember that the more you borrow the higher the monthly repayment will
be, so only take as much loan money as you will need.
Students or parents who plan to borrow Federal Direct Loans must complete loan requirements to receive them. Once a loan is accepted, the loan requirements can be found in accesSPoint under the Task tile or you can go directly to
https://studentaid.gov/h/complete-aid-process to complete Entrance Counseling and sign a Master Promissory Note (MPN).
Disbursement
The Office of Financial Aid and Veteran Services runs a process to authorize financial aid to students' accounts.
Disbursement of funds to student accounts can begin up to 10 days prior to each term and/or the start of your first course and typically occurs daily thereafter. Books are under text rental and included in your university fees therefore no special provisions are made for Pell eligible students to receive their rental books and supplies. Should you decide to opt out of text rental, please contact our office.
Please note that not all aid may disburse at the same time, and could be delayed depending on timing of your FAFSA, awarding, and completion of loan requirements. Completing all paperwork, including the FAFSA, as early as possible is the best way to ensure that your bill is paid in a timely fashion.
Private Scholarship, Loan, and Other Outside Aid Disbursements
Many times, funds from private scholarships and/or loans will come
straight to the University. If you are expecting private scholarships
or other outside aid (private loans, tribal assistance, etc.), you'll
want to make sure that the University receives the money. You can view
any aid posted to your account in your accesSPoint under Account
Activity. Please contact the awarding organization if your funds have
not arrived or have not been disbursed to your account.
Refunds
If your financial aid exceeds the balance due on your account, a refund will be generated by
Student Financial Services. If you have questions about your refund, contact their office. Also, to receive your refund faster, sign up for
direct deposit.
Payment Plan
If your aid is not enough to pay your full balance you can view and/or sign-up for UWSP's payment plan at
https://www.uwsp.edu/SFS/Pages/Pay-My-Bill.aspx, pay with personal funds or explore other loan options. However, you must have enough financial aid to cover your bill and/or pay your balance with personal funds by the due date to avoid administrative fees.
Paying Your Bill Video at UW-Stevens Point (7/7/2020)
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