Summer 2020 Disbursement & Emergency Loan Information

Posted on Monday, May 4th, 2020 by fiaadm under News.

Summer 2020 Disbursement

Summer financial aid funds will be paid to student bills starting May 15, 2020 for students who are registered for summer classes, whose registration is confirmed and are eligible for disbursement*. On May 18, 2020, the Cashiers Office will begin to process refunds and students should receive them by May 22nd. Check the following items to ensure that you can receive a refund.

1. Accept all the financial aid you need to cover your bill. Refunds are generated because your aid is greater than the charges on your student account.
*Please note that financial aid is disbursed on attending hours. This means if all of your classes do not begin on the first day of the term, your disbursement will be delayed until those later classes begin. This could affect the amount and timing of your refund if you have classes in both sessions, as you may not receive the full amount of your refund until later in the summer.

2. Please make sure you update your mailing address on UNCGenie as your refund check will go to the address listed there. Your address needs to be correct even if you are using Direct Deposit. Also, make sure that your bank accounts are set up correctly in the Student Account Center.

3. Verify that your registration is confirmed for summer. Financial aid funds will not be paid to your account if your registration is not confirmed.

4. Review and complete the Title IV Authorizations for aid.

5. Check your Satisfactory Academic Progress link in UNCGenie. If you need to submit an appeal, click here for more information about Satisfactory Academic Progress.

If you do not have money applied to your student bill by May 18th, one or more of the above issues may be the reason your aid was not paid. Once you have resolved the issue, your funds will be disbursed to your student account. If you are due a refund, it will be processed according to your enrollment status.

Finally, please make sure your UNCG email account is activated and that you check it frequently. This is the primary means of communicating with you and we don’t want you to miss any important messages.

 

Summer Emergency Loans

An emergency loan is a short-term loan granted by the Financial Aid Office to students who need assistance in covering expenses that result from unforeseen situations. Emergency loans cannot be used for tuition, fees, or other institutional charges.

We will begin reviewing Emergency Loan requests for summer on May 15th. At this time, University offices are closed to face to face visits, so approved Emergency Loan funds are delivered through the US Postal Service in a paper check. This process can take 7-10 business days. We encourage you to consider other options to meet your immediate needs.

Bookstore Bucks are available for summer to help with books and supplies.
Open Educational Resources (OER) is a category of educational materials available in the public domain that is available with little or no-cost access, and with zero or limited restrictions in terms of usability repurposing and redistribution.
Student Assistance Fund for Emergencies (SAFE)
Spartan Open Pantry – Summer Distribution Hours (May 12 – August 11): Tuesdays and Wednesdays, 5 – 7 p.m.

 

Requesting an Emergency Loan

To apply for an Emergency Loan, please log in to UNCGENIE, select the “Financial Aid” tab, then select “Emergency Loan Application”. Please make your request in whole dollars (do not include cents in your amount requested).

If you will be repaying the loan with pending financial aid, you can apply for a maximum of $1200 if you have enough expected aid to cover that amount.

You will be contacted via your UNCG email address concerning the status of your application.

If your request is approved, you will be notified via email and a check will be mailed via USPS to your verified mailing address. There is a $5 processing fee for all approved emergency loans that will be added to your account balance by the Cashiers Office when the check is processed. If you have outstanding financial aid requirements or have already received an emergency loan for the current semester, you will be unable to apply for an Emergency Loan through this process.