How are financial aid funds disbursed?
Remember you must accept your OU-FAN electronically before financial aid can be disbursed. Financial aid funds pay any housing, tuition, and/or fee charges that have been assessed onto your student account for the current academic year. Should a student's financial aid pay the charges in full, the excess/remainder of the financial aid funds will be released to the student via the refund process. This will be either by paper check form, or direct deposit if direct deposit has been authorized by the student.