Disbursement of Financial Aid
If you receive loans, scholarships and/or grants, you are expected to sign up for Direct Deposit. You may do this on MyUW, Student Finances tab, Financial Aid, Set up Direct Deposit. You must set up your direct deposit account at least 5 days before aid can be deposited to your bank account.
To sign up for Direct Deposit, you will need your:
- UW NetId and password
- bank routing number
- bank account number
Your tuition and most other charges will be deducted from your financial aid before any money is deposited to your bank account. In most cases, the excess funds will be available in your bank account before the first day of the quarter. You may view your Tuition Statement on MyUW to verify the availability of your aid.
Direct Deposit is a safe and efficient method of having your funds deposited to your bank account. You may use any financial institution within the United States that participates in the Automated Clearing House (ACH).
If you are not signed up for direct deposit, any refund or financial aid checks will automatically be mailed to your local address on file. Be sure to check your address information on MyUW and update it if necessary to avoid any postal delays. Aid checks may take up to 10 business days to reach you by mail; signing up for direct deposit is strongly encouraged to receive your funds quickly and safely.
If you lose your check, or have not cashed it within 90 days of the date it was issued, a $25 charge will be assessed for printing a replacement.