Your college not the U.S. Department of Education will distribute your federal student aid.
When should I receive financial aid?
It all depends on what type of aid you have accepted.
What happens with the disbursements of grants and student loans?
Ultimately your school will dispurse your grant or loan money in at least two payments and must give you your grant or loan money at least once per semester, trimester, or quarter.
What is a dispursement?
A disbursement is when you receive your grant or loan money.
Is it true that schools that participate in federal student aid programs must provide a way for me to get my books and supplies by the 7th day of the term?
Are you eligible for disbursement and do you know that it should be there 10 days before term begins?.
Yes, I am eligible for disbursement. and yes I do know the time frame.
Do you have a credit balance left over after all financial aid was paid?
Yes, I have a credit balance left over.
Then you use that credit balance for books and supplies.
What about grants and student loans?