Financial aid will be applied toward contract charges as it is received. If federal loans have been approved, but not received by the time of the billing, these loans will be estimated on the billing statement. Students should review the Award Notification link listed on MyUI to determine the status of each financial aid award before the semester begins, and also the Aid Disbursement link once the semester has started to track the status of each award. These links can be found under the Financial Aid & Billing link.