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How long does university of phoenix take to release excess financial aid funds?

how long does university of phoenix take to release excess financial aid funds
asked 2 years ago by anonymous
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The financial aid process is fairly easy. Once you recieve a disbursment award letter ( either in the mail or via email with the dates) it is fast.

For example, if the funds are send on the 1st, it will show up on your account typically next day ( go to accounts, and payment activity and it will show a reciept for the amount ). Once this happens, they have 14 days to issue a refund if you have one due and typically 2 days to deposit. However, I have never had it take this long. Typically I get a refund sent in about 5 days via direct deposit and it is there in 2 days.

So if the disbursment date is for the 1st.

Funds will show up on the 2ed. Typically it will take about 4-5 working days and about 2-3 days to get posted so you should have the money in your account by the 10th. For example. They have up to 14 days however.
answered 2 years ago by anonymous

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