How and When is Financial Aid Disbursed

Fairmont State begins disbursing awards 10 days prior to the first day of the semester. 

Financial aid is paid out in two disbursements, half for the fall semester and half for the spring semester. If you are borrowing loan money for one semester the loan will still be made in two disbursements.

First Time Student Loan Borrowers

First time loan borrowers are subject to a 30 day delay on all loan funds for their first semester at Fairmont State University.  In addition, all first time loan borrowers must complete Entrance Counseling and sign a Master Promissory Note (MPN) at studentloans.gov before the loans can be disbursed.  Additional information can be found on our Loan page

Crediting Aid & Refunds

All federal, state and institutional awards are received by the institution and credited to the student's school account to pay tuition and fees, room and board, and other authorized charges.  Beginning with the fall 2016 semester, if the disbursement amount exceeds school charges, the remaining balance is issued as a refund and checks are mailed to students' mailing address if there is one on file, otherwise the check will be mailed to the student's permanent address.  Students are not permitted to pick up refund checks in person.  Mailing addresses can be updated by the student by logging into their FELiX account.  If a student is enrolled in the two part of terms, disbursement may be split into two disbursements to more evenly distribute the aid.

Private Funding

If you are expecting assistance from sources (e.g. Vocational Rehabilitation, Americorp, SMART 529, private scholarships) outside Fairmont State University, those funds may arrive at a later time.  You will want to make contact with the agency providing the funds to assure that you have provided all necessary documents and information for them to process the payment to be sent to Fairmont State University.    

Account Monitoring

It is the student’s responsibility to monitor their FELiX account for billing information, application of financial aid, and receipt of outside resources.  If you need an additional payment option, check out FIPS.

 

Net Price Calculator

Net Price Calculator
Fairmont State is pleased to provide this student aid calculator to assist you in estimating your costs to attend FSU.  Results are based on 2018-2019 Estimated Cost of Attendance figures and student aid eligibility requirements which are subject to change.  These results should assist you in determining an estimate of your out-of-pocket expense to attend Fairmont State.

Office Hours

  • Monday:  8:00 am - 5:30 pm
  • Tuesday - Friday:  8:00 am - 4:00 pm

 

Contact Info

Office of Financial Aid
Turley Student Services Center
Room 303
Phone: (800) 641-5678, Opt. 2
(304) 367-4141
Fax: (304) 367-4789
FinancialAid@FairmontState.edu

School Code
When filling out your FAFSA, use 003812 as the school code