How are My Loans Disbursed?

Summary

How funds are applied to your bill after you accept your federal loan.

Body

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

Details

Article ID: 128844
Created
Fri 2/26/21 11:37 AM
Modified
Mon 7/15/24 5:56 PM

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