The Award

When you have completed the "Apply Now" steps, your cost of attendance and income resources are evaluated. An award "package" will be offered to you. This package can include funds from more than one program.

You have full control over which program funds you accept and loans you will receive from the offered award package.

Grants are not accepted through UV Link. These funds are automatically accepted and credited to your UVU cashiers account. These funds DO NOT need to be repaid so long as you maintain your scheduled credit hours. If you do not want these funds for any reason, contact our office immediately.

Scholarships CAN NOT be accepted online. An acceptance form will be mailed to your home. Please sign acceptance form and type a "Thank You" letter as instructed. Deliver the award acceptance form to our Scholarship Coordinator in BA 105. If you do not want these scholarship funds for any reason, please contact our Scholarship Coordinator.

Work Study can either be accepted or rejected. If you accept your work study award, please contact a Financial Aid Counselor for a job referral form and instructions on how to obtain employment.

When accepting the loan(s) through the UV Link/Financial Aid Menu (login is required), you can request to receive a lower loan amount at that time. If you decide you would like to be considered for a student loan which was not included in your award package or would like to be considered for an additional amount, please fill out this Loan Request Form (please select the proper school year) and deliver it to our office in BA 105 or FAX 801-863-8448.

Payment may be delayed if you received financial aid from another institution during the current school year. Please contact our office to ensure a timely award of your money.

Loan payments may be delayed when a new Master Promissory Note (MPN) needs to be signed by the student. The student is notified of this requirement through the UV Link/Financial Aid Menu (login is required). If you have received such notification, please see "The Master Promissory Note" for instructions.

The Tuition Payment Plan is offered by UVU, and can be used as a temporary solution while waiting for delayed payments. The student is responsible to make timely payments throughout the semester and repay the full amount regardless of the financial aid delay status.

When the award is offered, an email notification will be sent to your UV Link email account.

Awards are disbursed equally over two semesters, generally. Fees may be taken by the guarantor and that would reduce the amount you will receive.

If you were able to complete all of your Financial Aid application requirements by the 1^st priority date, your financial aid should be available by the tuition payment deadline. It is the student responsibility to insure that all necessary eligibility requirements are met before financial aid is disbursed. This means students must have no holds on their record. They must be enrolled and otherwise eligible for financial aid at the time of disbursement.

Once aid has disbursed, credit hour adjustments (changing the total number of credit hours in your semester schedule) can change the amount of money you are eligible for and can only be done until the third week of each semester. This deadline coincides with the 100% tuition refund date published in the class schedule. After this deadline, no adjustments to credit hours can be made and still effect the amount of money. If you drop credit hours in the first three weeks and you have already received a financial aid disbursement, you will likely owe money back immediately. If you add classes after the deadline, you will not receive additional money and will be expected to find the funds on your own. Check with a Financial Aid Counselor before changing your enrollment once you have received a financial aid disbursement.

After the UVU cashiers account is paid, any remaining money is either transferred to your bank account that you have designated through UV Link or the remainder is mailed as a check to your local address. Please allow one work week for processing of the funds to be released. The method of payment to you is determined by the options you set up within UV Link under personal information.

If you completely withdraw from a semester after you have received financial aid you will likely have to pay back a portion of your financial aid immediately. Check with a Financial Aid Counselor before changing your enrollment once you have received a financial aid disbursement.