Disbursement Policy
Overview
Students who accept Federal Student Loans will receive incremental disbursements (residual funds left over after all tuition and fees are paid for) within each semester. Loans will be split in half each semester and the first disbursement will take place at the normal disbursement time. The second half will be set for the week after midterm grades are due. Students who have all grades of "F", a combination of "F" and withdrawals ("W") AND who are not attending at least six credits will not receive their second disbursement.
See disbursement dates below:
| Term | 1st Disbursement | 30-Day Delay* Disbursement | 2nd Disbursement |
|---|---|---|---|
| Fall 2018 | September 7, 2018 |
September 26, 2018 |
November 2, 2018 |
| Spring 2019 | February 1, 2019 | February 20, 2019 | April 1, 2019 |
| Summer 2019 | June 14, 2019 | July 10, 2019 | July 10, 2019 |
| Fall 2019 | September 6, 2019 | September 25, 2019 | November 1, 2019 |
| Spring 2020 | January 31, 2020 | February 19, 2020 | March 27, 2020 |
| Summer 2020 | June 12, 2020 | July 10, 2020 | July 10, 2020 |
*Automatic 30-day delayed disbursement for new loan borrowers.
Late Start Courses & Disbursements
If you register for a late start course, you may not receive a disbursement until your attendance has been verified in those courses. Click the following links to see how this may affect your Grants and/or Loans.
Loan Disbursements
Student loans are issued twice over the course of each semester. You must be actively attending 6 or more credits at midterms to receive your second loan disbursement.