Disbursement Process & Dates

EVMS Financial Aid releases funds to the Financial Services Office on or after the first day of each term.  Dates vary by program delivery mode.  

For programs delivered entirely via classroom, funds are released beginning on the first class day of each term. Funds are released based on students' completing initial matriculation requirements and continuing eligibility for aid, including enrollment level and satisfactory academic progress.  Some funds may not release as of the first day.  

For programs which may be delivered entirely via distance or a hybrid of distance and classroomaid will be released on the 8th day of the term (or next business day).  Funds are released based on students' completing initial matriculation requirements and continuing eligibility for aid, including enrollment level and satisfactory academic progress.  Some funds may not release on the same day.  

All aid is released initially in as close to equal amounts as possible over the academic year to your student tuition account. 

All students may review their financial aid disbursement schedule and actual status on the Disbursements tab of their EVMS Online Financial Aid System.  

Once Financial Services applies any payments or financial aid funds to a student's account, within 24 to 48 hours a refund process is run.  If the student has signed up for direct deposit with Financial Services, any excess funds will usually be in his or her personal bank account within 48 to 72 hours of that process.  Note that the insurance waiver process is completed at the end of the waiver period.  If the student waives health insurance, that charge will not be removed by Financial Services until that date.  A subsequent refund may occur to the student after that date.  

 

 

FA 2016-2017 Disbursement Dates