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Understanding financial aid disbursement

Funds from federal student and parent loans may be canceled prior to disbursement or within 14 days of notification that funds have been credited.

Funds from federal student and parent loans may begin crediting to student accounts beginning the second week of each term. If your loan is not disbursed during the second week, funds are received and credited on a weekly basis thereafter. You may view your loan disbursement amounts and dates of credit through CougarTrack. Select “ePayments and eBill Access.”

As a student or parent borrower, you have the right to cancel an entire loan or any portion or specific disbursement of any federal Stafford, Perkins or PLUS loan. You may submit a request to cancel a specific loan disbursement prior to the date of crediting to your account or within 14 days of notification. Complete a financial aid cancelation form to request cancelation of a loan disbursement.

If a refund has been generated, you may not request to cancel a disbursement that has been credited to your account. If a refund has been generated, you must repay the funds to the U.S. Department of Education. For information on repayment, visit the repaying loans page. You can request to cancel future disbursements.

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