When does my aid disburse to my account?
Financial aid disbursements begin after the add/drop period each semester. For the fall semester, disbursements will begin after August 28th. Aid is awarded per semester, so only the aid designated for the fall will be disbursed at that time.
Please note that student loans are subject to a federally mandated origination fee (1.057% for Subsidized/Unsubsidized Loans, and 4.228% for Graduate and Parent PLUS Loans), which will reduce the amount disbursed to your account.
Federal Direct Subsidized and Unsubsidized Loans
Origination Fee: 1.057% (Undergraduate Subsidized/Unsubsidized Loans)
This means that if you borrow $3,500, you will receive approximately $3,463 after the fee is deducted.
Federal Direct PLUS Loans (Graduate and Parent)
Origination Fee: 4.228% (Graduate PLUS and Parent PLUS Loans)
For example, if you borrow $3,500 under a PLUS loan, you will receive approximately $3,352 after the fee is applied.
Disbursement may also be delayed if required documents such as Entrance Counseling, the Master Promissory Note (MPN), or the Merit Scholarship Agreement are incomplete or missing.