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:
Disbursement Schedule for 2022-2023
| Term | 1st Disbursement | 30-Day Delay* Disbursement | 2nd Disbursement |
|---|---|---|---|
| Fall 2022 | September 9, 2022 | September 21, 2022 | November 4, 2022 |
| Spring 2023 | January 27, 2023 | February 15, 2023 | March 24, 2023 |
| Summer 2023 | June 16, 2023 | July 12, 2023 | July 12, 2023 |
*Automatic 30-day delayed disbursement for first-time 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
You must be attending at least 6 eligible credits to qualify for student loans.
Student loans are issued twice over the course of each semester. You must be enrolled in 6 or more eligible credits at midterms to receive your second loan disbursement.
Books and Supplies
So long as accepted financial aid is sufficient for tuition & fees and room & board (if on campus), students may use additional funds to purchase books and supplies.
However, students are not required to charge for books and supplies using their financial aid. They may purchase off-campus using their own funds.
For more information regarding textbooks please click the below link:Instructions for Viewing My Bookstore Available Funds in Self Service