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Financial Aid and your Bill

2014-15
PAYMENTS
GENERAL
INFO

Fall Semester Payments
Overview
  • Fall charges will begin showing on  eBill in August. Statements will be emailed during the first week of classes.  
  • The  bill due date is September 24, 2014.
  • Awards that require on-campus housing will only pay if housing charges appear on your  eBill.      
  • You must be enrolled in a qualifying degree/certificate program.  Audit courses, competency credit, continuing education courses, and courses not required for the current degree program do not count in enrollment status and qualify only for a private education loan.
  • Financial Aid Requirements with a status of "received and in review" will be reviewed within 2-4 weeks of the date all required documents are received. When all requirements are processed, the status will be “Satisfied.”
Full semester classes (Sept. 3 - Dec. 13):
Financial aid will begin paying to your eBill by the first day of classes as long as:
  • All your financial aid requirements are listed as “Satisfied” on  MySAIL, and
  • All your classes run the entire semester, and
  • Your expected enrollment (on Award Overview in MySAIL) matches your actual enrolled credits; see chart below.  Submit a  Revision Form to make any changes to the expected enrollment.
Undergraduate Enrollment Graduate Enrollment
12+ credits = Full time 8+ credits = Full time
6-11 credits = Half time 4-7 credits = Half time
1-5 credits = Less than half time 1-3 credits = Less than half time

Second Half semester classes (Oct. 20 - Dec. 13):
Financial aid will pay to your eBill by the first day of classes as long as:
  • All your financial aid requirements are listed as “Satisfied” on  MySAIL, and
  • The rest of your classes begin on or after October 20th and
  • Your expected enrollment (on Award Overview in MySAIL) matches your enrolled credits; see chart below.  Submit a  Revision Form to make any changes to the expected enrollment. 
Undergraduate Enrollment Graduate Enrollment
12+ credits = Full time 8+ credits = Full time
6-11 credits = Half time 4-7 credits = Half time
1-5 credits = Less than half time 1-3 credits = Less than half time 

Winter Semester Payments
Overview
  • Winter charges will begin showing on  eBill in December.  Statements will be emailed during the first week of classes.  
  • The  bill due date is January 27, 2015.
  • Awards that require on-campus housing will only pay if housing charges appear on your eBill.      
  • You must be enrolled in a qualifying degree/certificate program.  Audit courses, competency credit, continuing education courses, and courses not required for the current degree program do not count in enrollment status and qualify only for a private education loan.
  • Financial Aid Requirements with a status of "received and in review" will be reviewed within 2-4 weeks of the date all required documents are received. When all requirements are processed, the status will be “Satisfied.”
Full semester classes (Jan. 6 - April 28):
Financial aid will begin paying to your eBill by the first day of classes as long as:
  • All your financial aid requirements are listed as “Satisfied” on  MySAIL, and
  • All your classes run the entire semester, and
  • Your expected enrollment (on  Award Overview in MySAIL) matches your actual enrolled credits; see chart below.  Submit a  Revision Form to make any changes to the expected enrollment.
Undergraduate Enrollment Graduate Enrollment
12+ credits = Full time 8+ credits = Full time
6-11 credits = Half time 4-7 credits = Half time
1-5 credits = Less than half time 1-3 credits = Less than half time

Second Half semester classes (Mar. 2 - April 28):
Financial aid will begin paying to your eBill by the first day of classes as long as:
  • All your financial aid requirements are listed as “Satisfied” on  MySAIL, and
  • The rest of your classes begin on or after March 2nd, and
  • Your expected enrollment (on  Award Overview in MySAIL) matches your enrolled credits; see chart below.  Submit a  Revision Form to make any changes to the expected enrollment.
Undergraduate Enrollment Graduate Enrollment
12+ credits = Full time 8+ credits = Full time
6-11 credits = Half time 4-7 credits = Half time
1-5 credits = Less than half time 1-3 credits = Less than half time 

Summer Semester Payments
Overview
  • Summer charges will begin showing on  eBill in April.  Statements will be emailed during the first week of classes.  
  • The  bill due date will be at the end of May, regardless of class start date.
  • Awards that require on-campus housing will only pay if housing charges appear on your  eBill.      
  • You must be enrolled in a qualifying  degree/certificate program. Audit courses, competency credit, continuing education courses, and courses not required for the current degree program do not count in enrollment status and qualify only for a private education loan.
  • Financial Aid Requirements with a status of "received and in review" will be reviewed within 2-4 weeks of the date all required documents are received. When all requirements are processed, the status will be “Satisfied.”
Financial aid will pay to your eBill as long as:
Undergraduate Enrollment Graduate Enrollment
12+ credits = Full time 8+ credits = Full time
6-11 credits = Half time 4-7 credits = Half time
1-5 credits = Less than half time 1-3 credits = Less than half time


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Disbursable financial aid will appear as a credit on the eBill once it has been processed.

If there is a balance due, it must be paid by the due date to avoid assessment of a 1.5% monthly late payment penalty, regardless of the status of the financial aid. If a refund is expected , see the Student Account Refunds page for more information. 

Access eBill to determine what aid has been paid. If an award is missing after reviewing the charges by semester, review financial aid award and requirements in MySAIL.

A student’s expected enrollment must match actual enrolled credits for financial aid to pay to the eBill. If financial aid is cancelled or reduced after it has been paid to the eBill and results in a balance due, the student will receive a bill for the amount due to Oakland University. The amount due must be paid by the due date shown on the eBill to avoid assessment of a 1.5% monthly late payment penalty.

If the student is enrolled in a payment plan and receiving financial aid, see the OU Payment Plans page for more information.



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