Typically, FAFSA money is disbursed by the school within the first two weeks of the academic term. The funds go directly to the school first to pay for tuition and fees. Any remaining balance after tuition is paid is refunded to the student, usually by direct deposit, to be used for other expenses like rent, meals, or books. Financial aid is generally not disbursed before the semester starts. The exact timing can vary based on the school’s academic calendar and financial aid policies, but you can expect to receive it shortly after classes begin.
