Make certain you know who your lender and guarantor are. Your initial MPN will be invalid if you change lenders. One year has passed since you signed an MPN, and no loans have been disbursed to you. If additional funds are requested, a new MPN will be required at that time. You transfer to ULM from another college or university.
Federal regulations require that loan funds be sent in two separate disbursements.
You must, of course, maintain your eligibility to receive your loan disbursements. Also, all first-time borrowers are required to complete an Entrance Counseling Session before your loan will be transmitted to the guarantor. If you have repaid all of your previous loans, you will be asked to complete another Entrance Session. If you call your guaranty agency and request an anticipated disbursement date, please remember that this date does NOT mean your refund from ULM will be available on that date. The Financial Aid Office receives electronic funds transmissions once a week.