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Disbursements

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When a student applies for financial aid, the package is generally awarded based on an academic year. The academic year is generally two semesters.  Federal Student Aid is generally paid in two disbursements, once each semester.

Pell Grant disbursements will occur after the first week of class in the semester for those students who are eligible (once entrance into the classroom can be confirmed).  The disbursement of funds to the University will usually take a minimum of 14 days from the beginning of the semester.  Pell fund eligibility may be affected for students who are dropped from a course or courses due to non-attendance.  To prevent adjustments due to non-attendance drops, students must log into all classrooms during the first week of class.

Federal loans for students will not be disbursed to the University until classroom enrollments have been confirmed.  This will be no sooner than 30 days after the semester starts.   Excess loan funds will be refunded to the student (or lender if designated by the student) within 14 days of receipt by the University.  Students may also elect to have the Finance Department manage their credit balance for them as long as the student provides a written statement.

Once federal funds have been disbursed, students will receive a disbursement notice via email from the University’s Financial Aid Office.   Once the financial aid package is approved and accepted by the student, access to the classroom will be given.  (Please note that the classroom does not open until the first day of class.)