Financial Aid

Loan Disbursements

Federal regulations require that all Direct Subsidized and Unsubsidized loans must be disbursed in two disbursements based on your enrollment period. This regulation also applies to Direct Parent PLUS loans.

Students attending Fall and Spring semesters

  • The enrollment period is the entire academic year (August to May).
  • One disbursement at the beginning of the Fall Semester and one at the beginning of the Spring Semester.
  • The first disbursement for first-time, first-year borrowers will be 30 days from the beginning of the Fall Semester.

Students attending only Fall or only Spring semester

  • The enrollment period is the single semester (August to December or January to May).
  • The first disbursement will be at the beginning of the semester.
  • The second disbursement will be at the midpoint of the semester.
  • The first disbursement for first-time, first-year borrowers will be 30 days from the beginning of the semester enrolled.

All Students attending Summer semester

  • Because Summer is considered a stand alone semester, the enrollment period is May to August.
  • All loans must be in two disbursements.
  • The first disbursement will post to your Student Account once verification of enrollment in at least six credits has been received.
  • The second disbursement will be at the midpoint of the longest session attended.
  • The first disbursement for first-time, first-year borrowers will be 30 days from verification of enrollment in at least six credits has been received.