If there are changes to anticipated disbursements, the student is responsible for any bill due the College. Disbursement of Financial Aid Funds Among other things, disbursement of your aid is based upon registration status. Disbursements are made in late September for the Fall semester, early February for the Spring semester, and after the third class for Summer sessions. Financial aid funds are disbursed by semester. Funds are first credited to the student's account.
Any credit balance is returned to the student for other educational ex-penses.
A check will be mailed directly to the student's permanent address. Tuition payment plan payments are posted monthly to the student's account. Students, who accept the Federal Direct Student Loan on their award letter, or adjust it to a lower amount, will have their loan originated. Students have the right to cancel their loans within 14 days after disbursement. Please do so in writing to the Direct Loan Administrator in the Financial Aid Office.