The Financial Aid Office authorizes fund disbursement in accordance with all statutory provisions of or applicable to Title IV of the HEA. Students will be notified when loan funds will be disbursed to the student account no earlier than 30 days prior and no later than 30 days after the anticipated disbursement date. The notification will include the amount of the disbursement, the right to cancel all or part of a loan, and the time frame in which to do so.

Prior to funds being authorized for disbursement, the following eligibility will be checked and recorded:

• Satisfactory academic progress
• Enrollment at least half-time
• Completed verification and loan promissory note(s)
• Completed required financial aid counseling session(s)

Funds will be disbursed directly to the student account by the bursar office up to ten days prior to the first day of class. Any credit balance will be refunded to the student as soon as possible but no later than the three days after disbursement. Federal student loans require at least two disbursements of equal amounts. Loan funds will be disbursed at the beginning of each semester or at the beginning and midpoint if the student is only attending one semester.