The loan takes a few days to process, so please plan according to the processing dates outlined above. Tuition and school fees must be paid first from the loan disbursement, then you must request from the Business Office that the balance be returned to you. Once a voucher is completed in the business office, you will receive the remaining amount for your other educational expenses. The excess can remain on your account only if you sign a statement with the Financial Aid Office. Refund checks are processed on the 1st and the 15th of each month.
Loans take time, so plan accordingly.
We can guarantee arrival of funds for the first day of classes, if the loan application is received by July 1st and your file is complete. You may apply anytime during the year until March 1st. Entrance and exit interviews will be required of all Federal loan recipients.