Disbursement: A disbursement is when funds from your financial aid award are deposited into your Madison College account. The funds are automatically applied to the balance owed to the college (i.e. tuition and fees) for the current academic year. If you wish for any financial aid funds to pay for past due tuition, other fees, or the Financial Aid Book Charge Process, you must grant Student Permissions.
Refund: If there is any money left over once your disbursement is deposited into your Madison College account and your current balance is paid off, then you will receive the remainder in the form of a refund. If you are eligible for a refund, it will be generated the week after your funds disburse.
Eligibility Requirements for Disbursements
Many types of aid have specific requirements that must be met before funds can be disbursed to Madison College. In addition, you must meet all of the following requirements in order for any funds to disburse:
Frequently Asked Questions about Disbursements and Refunds
To view answers to the questions below, visit the Disbursements and Refunds FAQ.
Questions? Visit askMadisonCollege to view frequently asked Financial Aid questions, submit a Financial Aid Category question, access the Financial Aid Tutorials for step-by-step instructions on related processes, or contact Madison College Financial Aid at (608) 246-6170.