Disbursement of Aid
One-half of each scholarship, grant and loan
will be credited to your account each semester. The
Financial Aid Office will credit your account no
earlier than the end of the add/drop period, or once
your financial aid file is complete.
If your Stafford Loan is approved for a full
academic year, your loan funds will be disbursed
in two equal disbursements—one-half will be
disbursed in the fall semester, and the second half
will be disbursed in the spring semester. Typically,
disbursements will be made within four (4) weeks
after the start of each semester, but no earlier than the
end of the drop/add period. Disbursements will not
occur unless your file is complete.
All new Stafford and Perkins loan borrowers must
complete a loan entrance counseling interview. The
loan counseling session will inform you of your rights
and responsibilities as a Federal Stafford Loan or
Perkins Loan borrower. The loan entrance counseling
interview must be completed prior to your loans
being credited to your student account.
In July, you will receive your fall semester bill.
Spring semester bills are mailed in November. The
bill will list your actual tuition charges, fees, and if
you live on campus, room and board charges. Your
financial aid will also be indicated on the bill as
estimated financial aid and deducted from your total
You will also receive information concerning
payments and due dates. When returning your
payment to the College, you may indicate any aid
which is pending, including Federal Stafford loans,
PLUS loans and private scholarships that have not yet
been deducted from your charges. If you are enrolled
in a payment plan for the academic year, one-half
of the budgeted amount should be reflected as a
deduction from your first semester’s charges.
Fall semester bills are due Aug. 2.
Spring semester bills are due Dec. 13.