Bills, Payments & Disbursements

Billing notifications are sent at the start of the semester to your University email address (the “umn.edu” email address). Visit One Stop to learn more about making payments, including what your bill will include, how to pay it, due dates, and more.

Disbursement

Most financial aid funds will be electronically transferred to your account each semester, but some correspondence may be sent via mail.

In order to receive your financial aid disbursement every semester, you must be registered for at least 3 credits each semester. This applies to students of all years.

Borrowers dependent on federal student loans (especially the Federal Direct Graduate PLUS Loan) should plan to maintain continuous enrollment (be enrolled/registered each semester) and plan to complete their MD degree within the 4-year standard program length to maintain access to the limited exception/legacy loan limits outlined in H.R.1 (One Big Beautiful Bill Act). After the 2028-2029 academic year, the Graduate PLUS loan will cease to exist for ANY federal loan borrower

Additionally, starting with the 2026-2027 academic year (beginning with the Fall 2026 semester), student loan amounts will be subject to a Schedule of Reductions (SOR) or proration when students are enrolled for less than full-time status. To avoid consequences, students are encouraged to maintain full-time enrollment/registration which is a minimum of 6 credits per semester no matter which year in medical school the student is.

Year 3 and 4 students: To receive your semester financial aid disbursements, you must be registered for at least 3 weeks (= 3 credits) each semester. The Medical School curriculum states you may schedule your clinical rotations as you wish. Be sure you understand which periods fall within each semester. Financial Aid regulations state you must be registered for courses to receive financial aid. You need to take at least 3 weeks (= 3 credits) each semester.

Year 1 students: Entering students are advised to start the school year with some money, in case aid is not paid on time. It is strongly recommended that you pay September rent prior to receiving fall financial aid. Also, it helps to have some extra money available for buying books the first week of fall semester.

*During the late evening of each scheduled disbursement date, that semester's financial aid begins to disburse to your University student account. Any credit balance amount will be refunded via Direct Deposit (see below) and should be received in your bank checking or savings account approximately 5-7 days later.

Credit balance refunds and direct deposit

If a credit balance remains in your University student account after your tuition, fees, and on-campus housing charges have been paid, the funds will be directly deposited into your chosen bank account.

Direct Deposit is the quickest and safest way for you to receive your credit balance refund.

Refunds can go to either a checking or savings account and be used for your books and living expenses.

Visit MyU: My Finances to:

• Set up Direct Deposit
• Update your bank account information
• View recent transactions under Account Activity

Update your personal information

It’s important to keep your Current Mailing Address up-to-date using the MyU: My Info tab and process any name changes through One Stop.