As a student at Southern New Hampshire University (SNHU), managing your finances is an important aspect of your education. One key aspect of this is understanding when the university will disburse any financial aid or refunds you may be eligible for.
Here’s a detailed look at the disbursement schedule for 2024, explaining what disbursements are, how they work, and what you should expect throughout the academic year.
What is a Disbursement?
In the context of financial aid, a disbursement is the release of funds from the university or the government to the student’s account.
These funds can cover tuition, fees, room, board, and other educational expenses. Disbursements are typically tied to the start of a term and must align with federal, state, and institutional guidelines.
SNHU Disbursement Dates 2024
For the academic year 2024, SNHU has scheduled disbursements in a way that aligns with the beginning of each term. Here are the key dates you need to keep in mind:
Spring Term
- Disbursement Date: January 8, 2024
- Classes begin on January 2, 2024, and funds will be disbursed within the first week.
Summer Term
- Disbursement Date: May 6, 2024
- As classes start on May 1, 2024, disbursements are scheduled for the first week of the term.
Fall Term
- Disbursement Date: September 2, 2024
- With classes commencing on August 27, 2024, financial aid will be released shortly after the start of classes.
Understanding the Disbursement Process
Before Disbursement
Prior to disbursement, students must ensure they have completed all necessary financial aid paperwork, including the Free Application for Federal Student Aid (FAFSA) and any required verification documents.
It’s also important to be enrolled in the appropriate number of credits, as this can affect the timing and amount of your aid.
After Disbursement
Once the funds are disbursed, they are first applied to any outstanding tuition, fees, and room/board charges on the student’s account.
Any excess funds are then refunded to the student, which can be used for other educational expenses like books, supplies, and living costs.
Final Thoughts
As an SNHU student, it’s important to stay informed about the disbursement schedule for 2024. Remember to complete all necessary paperwork and maintain your enrollment status to ensure a timely and smooth disbursement process.
And if you have any questions or concerns, don’t hesitate to reach out to the Financial Aid Office for assistance.