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Disbursement means you have become eligible for your anticipated aid to move to your account. This occurs when your anticipated aid disburses.
Most will disburse late in the second week of a session when a student has enrolled at least halftime, which is 6 credit hours per semester and attending their courses. Most will disburse for the whole semester at once. If you are not a fulltime student enrolled in both sessions for the semester, your loans may disburse differently.
I’m attending both the early and late session.
Your loan(s) will disburse late in the second week of the early session if you attend week 1.*
I’m attending the early session only.
I’m attending the late session only.
Your loan(s) will disburse late in the second week of the late session if you attend week 1.*
Students with a one-semester loan (loan period only spans the semester and not two semesters) will have two disbursements. The first half will disburse when the student is at least halftime and attending his or her courses late in the second week. The second will disburse after the midpoint of the semester if the student still has half-time status. However, if the student is not enrolled at the time of either scheduled disbursement, he or she will not receive that disbursement.
Remember, withdrawals do not count toward at least halftime status.
First-time freshmen have a 30-day hold on all federal loans. Funds will disburse after the 30th day of their enrollment if the student is enrolled halftime and attending. Remember withdrawals do not count toward at least halftime status.
Pell grants disburse based on enrollment status. A student must attend a course in order for it to count toward their enrollment status. Withdrawals do not count toward enrollment status.
Pell grants disburse on a per class basis (presuming a three credit class) after attendance in that course can be verified by the financial aid office. Because attendance has to be verified before the Pell grant can disburse, no late session Pell will be disbursed until after the student has begun attending those classes. If a student withdraws after attending and the Pell grant has not been disbursed yet, they are no longer eligible for the Pell grant for that course.
Scholarships disburse at the beginning of the semester.
Percentage scholarships will disburse based on rules of scholarships (i.e. the scholarship rules determine whether it goes to online courses, seat-based courses, graduate courses, etc.). Percentage scholarships disburse toward full semester’s tuition. If tuition is adjusted (for example, if you add or drop a class), scholarships will adjust.
If you drop a course, thereby decreasing your tuition, after your loans and scholarships have disbursed, you could owe money back to college even if you had originally received a refund. It’s always a good idea to speak with your advisor before withdrawing from or dropping a course.