Disbursement of Your Buffett Scholarship:
Grants and scholarships awarded or administered through the University are credited to your consolidated billing account each week beginning approximately one week before the first day of classes. Scholarships awarded through outside agencies will generally also be credited to your account once you have endorsed any checks received by the Office of Scholarships and Financial Aid.
Financial aid is applied to tuition and fee charges first and then toward housing and other institutional charges. If the aid is greater than the charges owed, you will receive a refund from the Office of Student Accounts within ten business days from the date the disbursement is credited.
Here is additional information you must be aware of regarding your scholarship:
• You may see a refund sooner than you were expecting
• If you purchased books from the UNL Bookstore, they may not be included on the student bill to which the Buffett Scholarship was applied.
Because of these changes, be sure to READ YOUR UNL INVOICE/BILL to verify what charges have been and have not been processed. Be sure to set aside funds (possibly a refund issued from the University) to pay for charges that may not appear until a later billing cycle (example: October). This is especially important if you purchased books at the UNL Bookstore. For example: if you made purchases at the bookstore after August 9th, those charges will be on your October bill. Make sure your book/supply charges have all been processed before spending a refund on other items. The Buffett Scholarship will only be disbursed once each semester; no additional funds will be disbursed.
Reminders:
Here are three key notes about your scholarship:
1. The maximum award each semester is $4,250. Included in this amount for all Buffett Scholarship recipients is $500 for books or supplies and up to $3,750 for tuition. Once disbursed, the funds will be used to pay any outstanding charges on your account. If any money is left over, it will be refunded to you, but you should hold onto those funds until you have verified that all charges you have made to your account have been cleared.
2. If you choose to withdraw from a course after the Buffett Foundation has already paid for the cost of the course, you will no longer be required to pay the Foundation back. However, before you can withdraw from a course, you will be required to meet with a W.H. Thompson professional staff member.
3. In order to continue receiving the Buffett Scholarship, you must earn and maintain a minimum 2.0 GPA and complete a minimum of 18 credit hour for an award year (i.e. Fall, Spring, and Summer). Beginning with the fall 2013 semester, the Buffett Foundation will automatically receive your grades as they are submitted into the UNL MyRed system. Also, for first and second year scholars, you will still be required to submit mid-semester grade reports to W.H. Thompson Learning Community staff.
If you have any additional questions regarding the disbursement and terms of your Susan T. Buffett Scholarship, please contact a member of the W.H. Thompson Scholars Learning Community staff at whthompsoonscholars@unl.edu.