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Payment of Awards

Radford University is an active confirmation school, which means that a student must actively accept the financial aid award package that has been offered to them by the financial aid office.  Once the student has completed the award acceptance process in the portal, the account will be reviewed and finalized for payment.  If the student fails to complete the award acceptance process the offered awards can be cancelled.

The total amount of your financial aid as shown on the My Accounts tab in MyRU will be paid in installments. Generally, one-half of each award will be disbursed to you each semester upon completion of all application requirements.

The financial aid office disburses funds on a daily basis.  This automated process is done prior to the start of each business day.  Students must meet various criteria, including completion of all application requirements, completion of all award requirements, and enrollment before funds will be disbursed.  If a student does not meet all the specified criteria the funds will continue to be held until all requirements are met.

Payment of Grant and Scholarship Program Funds

All of the federal and state grant program and scholars program awards are credited to your university student account. State Student Loan, Federal Perkins Loan, and Nursing Student Loans are also credited to your account after these awards have been verified and the student has completed and returned the promissory note.  Students will be notified, via email, when their grants scholarships funds have credited their account. 

Payment of Federal Direct Subsidized and Unsubsidized Loan Funds

Typically, these loans are disbursed in two payments, once at the beginning of each semester.  Direct Loan funds will be credited to the student's university account after enrollment has been verified at the beginning of the semester.  Students will be notified, via email, when their loan proceeds have been credited to their account. 

Payment of Alternative/Private Education Loan Funds

Typically, these loans are disbursed in two payments, once at the beginning of each semester.  Alternative Loan funds will be credited to the student's university account after the funds have been received by the lender and enrollment has been verified at the beginning of the semester.  Students will be notified, via email, when their loan proceeds have been credited to their account. 

Payment of Outside Scholarships

Outside scholarships that students receive often taken longer to be received by the university.  If you are utilizing these funds to help pay university charges you should follow up with the organization that has awarded the scholarship to find out when they plan to send the money to the university.  Because the financial aid office has no capability to govern or regulate these organizations we cannot confirm these as payment towards your balance due.