What's the difference between Authorized and Memo'd financial aid?
Authorized aid is aid that is scheduled for disbursement, with all the disbursement requirements completed. It will be disbursed to your student account when the disbursement date is reached (usually the first day of the semester/term).
Memo items are aid items that are included in the award letter but have not yet been accepted or have requirements still pending. These requirements may include returning your signed award letter, providing copies of tax returns, or completing a promissory note and/or entrance counseling.
See a sample eBill statement or get more information about how Authorized and Memo'd Aid appear on your eBill statement or how they are calculated into your payment plan.