How funds are applied
All financial aid funds, except Federal Work Study funds, are applied directly to your MU account established through the Office of Cashiers. The account includes educational fees, MU housing deposits, meal plans, books and other charges. Usually one-half of your aid is credited to your account for the fall semester and the other half is credited for the spring semester.
If you receive a scholarship check from a source outside of Mizzou, you should mail the check to our office at 11 Jesse Hall, Columbia, MO 65211. Be sure to include your MU student’ number on any correspondence.
In order for your financial aid funds to be applied to your MU account, you must have:
- Met enrollment requirements for your aid
- Completed all verification documents if you were selected
- Completed all loan promissory notes
- Completed the loan entrance counseling if you are a first-time student borrower
Federal Work Study
As you earn Federal Work Study funds, you will be paid through the university’s biweekly payroll system. Pay is directly deposited to your bank account.
If you receive funds from the State of Missouri, they may be sent to the Office of Student Financial Aid several weeks after the start of each semester. We cannot apply these funds to your account until they have been received.
Apply To All
Financial aid will automatically apply toward current tuition, required fees, and housing charges. As a service and convenience to students, MU can apply any excess federal financial aid to other current charges (such as bookstore charges, library fees, etc…). You may choose this as an option through your MyZou account after you accept or decline your financial aid awards. If this service is declined, the student is still responsible for outstanding charges. In accordance with federal regulations, financial aid will not pay outstanding charges from a prior academic year.
If your financial aid exceeds your university charges, the balance is paid to you by check or by direct deposit into your bank account. To set up direct deposit, contact the MU Office of Cashiers at 573-882-6351. Refunds generated from a PLUS will be mailed to the borrower.