Disbursement of financial aid
Students must complete and submit all required promissory notes, entrance counseling and verification documents and have registered for classes before financial aid can be credited to the student’s bursar account. Most sources of financial aid are credited directly to a student's bursar account 10 days prior to the start of class for the term for payment of tuition, fees, room and meals (if applicable), and related costs. These sources include:
- Marquette Scholarships and Grants
- Federal Pell and SEOG Grants
- Wisconsin Grant
- Wisconsin TIP and Minority Grants
- Federal Health Professions, Nursing Loans, Loan for Disadvantaged Students and Nurse Faculty Loan
- Federal Direct Loans and PLUS Loans
- Rice Loans
- Certain private outside scholarships and certain private or alternative loans
Several other aid sources are disbursed in the form of checks and will require student endorsement each term. Students will be notified when checks are available for endorsement. Those sources include certain private or alternative loans, certain private outside scholarships and employment earnings paid directly to the student in the form of a biweekly paycheck if the student has not requested direct deposit.
If the student's financial aid does not cover the term charges or the financial aid is not available, students and/or families must pay the difference or select a payment plan option to ensure the completion of registration. Students are responsible for completing all paperwork and steps required to finalize the award so it pays onto the student's bursar account. Conversely, if the financial aid exceeds the term charges, the student may be eligible for a refund. Students will be contacted by the Office of the Bursar via the eMarq e-mail account.
Disbursements of Title IV Funds for Books and Supplies
Through June 30, 2016, Pell grant-eligible students who have Title IV funds awarded in excess of school charges are eligible for a refund. (Effective July 1, 2016, all students awarded Title IV funds in excess of school charges are eligible for a refund.) The refund should be made by the 7th day of class to obtain books and supplies.
Marquette University meets this requirement by refunding the student their Title IV credit balance by the 7th day of class.
If a student has not yet established eligibility to receive Title IV funds at least 10 days before the beginning of a payment period due to outstanding verification requirements, unresolved or conflicting information, this requirement does not apply.