Students Loans are spilt into TWO disbursements each semester.
The first disbursement in approximately 45 days AFTER the first class day and the second is approximately 30 days later.
All institutional charges (tuition, fees, books, etc.) are deducted before any credit balances are refunded.
Example:
Loan Award=$5,500/year or $2750/semester
Disbursements #1- $1360 ($1375 les Dept. of Ed Loan Origination Fee). Disbursed 1st Class day + appx 45 days
Disbursements #2- $1360 ($1375 less Dept. of Ed Loan Origination Fee). Disbursed 1st Class day + appx 75 days
Departments