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Direct Deposit

Checking Your Financial Aid Status:

To check your financial aid award, go to the financial aid website on mypoint.uwsp.edu.   Go to the Finances tab and choose from the options listed in the Financial Aid section. If you have questions regarding your financial aid status, please contact the Financial Aid Office, (715)-346-4771. 

To check if specific financial aid items have been applied to your Student Bill, view your account detail at mypoint.uwsp.edu, choose the Finances tab and select View Detailed Account Information.

 

Financial Aid Questions

  • How is the electronic disbursement of financial aid handled?

    All approved financial aid is processed through the Bursar's Office. Electronic financial aid payments are processed twice weekly. Funds are applied to the Student Bill and any overpayment is refunded to the student. Student Bill balances must be paid in full before a refund can be issued. Refunds are sent by either direct deposit (highly recommended) or by mailing a paper refund check to the student's local address. It is very important to keep address information accurate in order to facilitate the timely receipt of mailed refund checks.
  • Which is the most efficient method to receive my financial aid refund – by check or by direct deposit?

    Direct Deposit is the fastest and safest way to obtain your financial aid refund.

  • How do I sign up for direct deposit of my financial aid refunds?

    You may sign up to have your financial aid refunds direct deposited to the U.S. financial institution of your choice at this website.

  • How are paper loan checks and scholarships handled?
    Scholarships and paper loan checks received by the Bursar’s Office that do not require the student’s endorsement will be applied directly to the student's University account. Any excess funds after the student’s balance has been paid in full will be refunded by check, which will be mailed to the student’s local address.
    If the Bursar's Office receives a paper loan check or scholarship check that requires the student’s endorsement before it can be processed, a notice is sent by mail instructing the student to report to the Bursar's Office. Once the student visits the Bursar’s Office and endorses the check, the funds will be applied to the student's University account. Any excess that remains after the student’s balance is paid in full will be refunded to the student.
    Refunds generated by these manual processes must be in paper check form and cannot be sent by direct deposit.
  • A scholarship check was sent to my home. What should I do with it?
    • If the check is payable to UW-Stevens Point and the student (jointly), the student needs to endorse the check before sending it in for processing.
    • If the check is payable to the student alone, the student should endorse the check and then write "Pay to the order of UWSP" next to their endorsement before sending the check in for processing.
    • If the check is made out to UWSP alone, it doesn’t require the student’s endorsement.
    • On the check, please write:
      • student name
      • student ID number
      • semester the scholarship is intended for
    • Mail scholarship check to:
      • UWSP Bursar's Office
        007 Student Services Center
        UW-Stevens Point
        2100 Main St.
        Stevens Point, WI 54481
    • When received, the scholarship will be applied to the student’s balance, and any excess funds will be refunded by check.
  • I have financial aid direct deposit and my bank account information has just changed. What should I do?

    Please update your bank information as soon as possible at the financial aid direct deposit website. It is very important to keep this information current.

  • I have direct deposit set up for my UWSP student payroll check. Why aren’t my financial aid refunds also going by direct deposit?

    Student payroll direct deposit and financial aid direct deposit are two different services that must be signed up for separately. Signing up for one type of direct deposit does not automatically sign you up for both. Here are the websites to sign up for each type of direct deposit:

  • I’ve been awarded workstudy, but I don’t really understand how it works.  Where can I find more information about it?

    For more information about workstudy, go to the SIEO website.