A funding offer provides students with information about their estimated financial assistance. Funding offers for students with completed financial aid applications are typically received before the academic year start date (or disbursement schedule dates). The funding offer is provided via email and can also be accessed through the student portal. Students may receive multiple funding offers as a result of an adjustment to their financial aid awards.
Students who wish to decline, cancel, or reduce the amount of their awarded loans must email email@example.com to notify the Student Finance Office. Student borrowers will receive a notification from the University when the loan funds are posted to the student account. The Decrease Award Request form is available on Purdue Global Campus.
Methods of Disbursing Financial Aid
Financial aid is awarded based on an academic year as defined in the University Catalog. Most types of financial assistance are disbursed once per term for undergraduate students and graduate students enrolled in programs on a 10-week schedule. Disbursements typically occur twice per term for graduate students enrolled in programs on a 12-week schedule. Award proceeds may vary by the type of assistance. Federal Work Study wages are disbursed at least once a month as work is performed. For more information, refer to the Financial Aid Information guide.
Financial Aid Credit Balances (Stipends)
The Authorization to Hold Excess Funds form is available on Purdue Global Campus shortly after a student enrolls. Students (and parents of a dependent student) should review the statement, select the appropriate authorization categories, and provide the signed form to the Student Finance Office at firstname.lastname@example.org. For continuing students who previously signed this statement, the initial authorization will continue to be valid until a new authorization is received or the student is no longer active. Students will need to complete a new authorization upon re-enrollment.