Disbursement Information

Once you have received your Davenport University Financial Aid award notification you are ready to begin/continue your journey to receive your degree.

Grants, scholarships, student loans, and similar types of aid disburse directly to your student account to pay tuition, fees, books, room, meal plan, and/or other charges on your Davenport student account.  Grants, scholarships, and similar types of aid disbursed to your account generally one week after the start of the semester.  Loans disburse at a later date to allow for changes in your schedule and for book charges to be applied to your account. 

Loan Disbursement Dates for the 2021/2022 academic year

Semester long courses and Session 1 Students Session 2 Only Students
Fall:  09/28/2021 Fall 2:  11/22/2021
Winter:  02/1/2022 Winter 2:  03/28/2022
Spring/Summer:  05/31/2022 Spring/Summer 2:  7/27/2022

 

Notes about your student account:

  • If you have not dropped or withdrawn from any of your courses and you have excess financial aid, you are eligible to receive the credit balance (refund).

  • The Bursar’s Office will process a credit balance (excess financial aid) within 14 days after your financial aid is disbursed to your account.

  • Once the Bursar’s Office audits your account,  the resulting credit balance will be delivered to you based on your refund preference.

  • Bursar’s Office phone number:  1-800-266-6158

One important step remains: you've got to accept your aid!

How to Accept Your Financial Aid

  1. Loans: You have the option to accept, reduce or decline your loans.  Loans will not disburse until you make a selection.

  2. Finally, view our Accepting, Reducing or Cancelling Awards page for more information on how this is done.

Minimum Enrollment Status

Many financial aid programs require a certain enrollment status. Credit hours needed:

Undergraduate Students
Full-time Enrolled in 12 or more credits for a given semester
3/4 time Enrolled in 9 - 11 credits for a given semester
Half-time Enrolled in 6 - 8 credits for a given semester
Less-than-half-time Enrolled in 5 or fewer credits for a given semester

 

Graduate Students
Full-time Enrolled in 6 or more credits for a given semester
Half-time Enrolled in 3 - 5 credits for a given semester

 

Enrollment Status and Financial Aid

Financial aid awards are based on full-time enrollment. If you will not be attending full-time (12 credits min. per semester) your awards will be prorated based on your actual enrollment.

Please see your Financial Aid Counselor if you would like to compare the exact amount of your awards based on less than full-time (e.g. half-time, 3/4 time, less than half-time) enrollment.

Some programs require a minimum half-time enrollment per semester. These include (but are not limited to) the following:

  • Federal Direct Loans
  • PLUS Loans
  • Some of the private/alternative loan
  • Michigan Tuition Grant (MTG)
  • Michigan Competitive Scholarship (MCS)
  • All Davenport scholarships, unless specifically noted

Some programs require full-time enrollment per semester. These include (but are not necessarily limited to) the following:

  • The Gerald R. Ford Memorial Scholarship (requires 15 credit hours per semester)
  • Presidents (Charter) scholarship (requires 15 credit hours per semester)
  • Athletic scholarships

Below is a breakdown of the most common financial aid programs at Davenport University and how enrollment affects eligibility for each.  For specific information, please view the web pages linked in each program title.

Aid Program

Full-Time

3/4 Time

Half-Time

Less Than Half-Time

Federal Work-Study Program Eligible Eligible  Eligible Ineligible
Federal Direct PLUS Loans Eligible Eligible Eligible Ineligible
Federal Pell Grant  Eligible Eligible if EFC allows  Eligible if EFC allows  Eligible if EFC allows 
Federal Supplemental Educational Opportunity Grant (SEOG)  Eligible Eligible  Eligible Eligible
Michigan Tuition Grant  Eligible Eligible  Eligible Ineligible
Michigan Competitive Scholarship  Eligible Eligible  Eligible Ineligible
Tuition Incentive Program (TIP)  TIP TIP TIP TIP
Davenport Institutional Scholarships  Eligible Varies  Varies  Varies 
Federal Direct Subsidized and Unsubsidized Loans  Eligible  Eligible  Eligible  Ineligible