How will I be receiving financial aid?

Colleges & Universities University of Central Florida
1

<p>I’m currently in the Spring term right now and received a Pell Grant for the semester. My estimated deferment is $1750. I was told to set up a direct deposit with UCF so the funds would be transferred over into an account. </p>

<p>Is this how it works? Please clarify. Help would be much appreciated.</p>

2

<p>Bump</p>

<p>Anyone please?</p>

3

<p>Yup, they will charge you for what you owe from your total grants + scholarships. whatever is left over, should there be any extra money, will be directly deposited into your account. It may take a few weeks but its free money so a little wait isn’t so bad.</p>