Financial aid will disburse to Anoka-Ramsey beginning the third Tuesday of the term. If the amount of financial aid received exceeds institutional charges, the credit balance overage will apply via direct deposit or mail beginning the 14th day of the term. If your financial aid award is not complete by the initial disbursement, the financial aid office disburses funds every Tuesday. If the institutional charges exceed your financial aid, the funds will be credited to your account and you must pay the remaining balance.
Financial Aid Disbursement
To have any excess financial aid funds direct deposited to your checking or savings account, complete the Direct Deposit Authorization form through e-Services.
With direct deposit all student payroll checks, refunds and financial aid overage amounts are automatically deposited to your specified bank account using electronic funds transfer. Students who have signed up for direct deposit will no longer be issued paper checks. Direct deposit funds are available before any checks are issued.
You will need your bank routing number and account number. You can find this information on the bottom of your check or your savings deposit slip.
- Login by entering your Id and password.
- Select either "Financial Aid" or "Student Payroll" from the left hand menu.
- Select "Direct Deposit Setup".
- Select "ADD Direct Deposit Account".
- Enter your bank account type, routing number and account number.
- Re-enter your password and select "Save".
Third party authorization refers to an outside agency or organization that has authorized (committed) to pay your tuition, fee and/or books. The college Business Office will bill these outside sources directly. To ensure that you will not be dropped for non-payment, all authorizations for third-party billings must be received by the Business Office prior to the tuition deadline.
Make sure your schedule is finalized by the 5th day of the semester (we include actual dates). Courses added after the 5th day will not be considered for Federal Pell Grant funds. Courses dropped after the 5th day may require repayment of your aid.
Adding/Dropping Courses and failure to attend courses regularly may affect your financial aid award and may result in a refund/return.
Financial aid recipients who completely withdraw or stop attending, prior to the 60% point of the term, may need to repay all or a portion of federal and state aid. In accordance with federal regulations, the Financial Aid Office calculates the amount of unearned and based upon the date of complete withdrawal or confirmed non-participation, and facilitates the repayment of aid to federal and state financial aid programs.
Failure to attend and actively participate in classes on a regular basis can negatively impact your financial aid. This includes the possibility of having to repay a portion or all of your financial aid award.