Direct loans are processed during the term they are requested and will be disbursed in two equal halves no earlier than the dates in the table below. Once you submit all required documents, the loan request will be reflected on your statement as anticipated aid until the funds are disbursed. You will receive notification e-mails when your loans have been officially disbursed.
Please note: Refunds are only disbursed after the full amount of your out of pocket cost for that term has been satisfied. For example: A student has an out of pocket fall term cost of $1000. Student takes out a loan for $1400. The first disbursement of the loan is $700 (half of $1400), which leaves the student with a balance of $300. The second disbursement is also $700, and brings the student’s balance to ($400). Two weeks after a student's balance has been fully cleared, the student will receive their refund via the refund preference they have decided on. The default method is a check sent to the address that the Office of Admissions and Enrollment has on file.