Student Loans Students receiving a federal student loan for the first time at UDM must complete an Entrance Interview before any federal student loan funds may be credited to their account. It is the responsibility of the student to complete the entrance interview and to endorse paper checks in a timely fashion. Late Payment fees incurred due to delayed completion of the entrance interview or endorsement of checks will not be removed. Students who have EFT disbursement of loans may confirm receipt of funds January 2-3 by phone. Students whose funds have not arrived by January 4 must make a payment or come in to final registration for a financial aid assessment form.
Some lenders still disburse via paper check.
Students whose loans are disbursed via paper check must appear in person to endorse their check at final registration on January 4. This is the only day checks will be available for signature at the Law School. Checks must be endorsed at the McNichols Bursar Office at any other time. Late fees will not be removed for persons whose checks were available at final registration but who chose not to endorse them at that time. If the financial aid award has been made and the lender has not made the EFT transmission or paper check available by final registration, the student may obtain a financial aid assessment form for the amount of the expected disbursement and may pay or make arrangements for the remaining balance.