How are My Loans Disbursed?

Introduction

How are my Loans Disbursed? 

 

Instructions

Loans requested for the total loan period (fall/spring semesters) are certified and disbursed in equal amounts. 

Example: You requested a $5500 loan for fall/spring, you will see $2750 certified per term. This is the gross amount of the loan, the net will apply to your bill.

The net amount of a fall/spring loan is disbursed in two equal payments - one per semester. If you select a one term only loan, it will apply once in that term. Exception (undergraduate students only): If you attend less than a full academic year (i.e., senior graduating in fall semester), we are required to do loan proration on your loan. 

 

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Details

Article ID: 128844
Created
Fri 2/26/21 10:37 AM
Modified
Wed 4/28/21 12:35 PM

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