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.
Students are billed for each semester. Your Fall
bill will be uploaded and available to view online in
early July. Lycoming College does not mail paper
statements. For more information regarding billing
statements and due dates, visit the Business Office
website. 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
Fall semester bills are due August 5, 2016.
Spring semester bills are due December 16, 2016.