Once you have completed the requirements, your funds will be disbursed by the lender to the university in two equal installments (minus the applicable origination fee) via electronic funds transfer no sooner than ten days prior to the start of each semester. Loan proceeds are applied to your account balance no sooner than the first day of classes. If funds are remaining after the account is paid, the Office of the Bursar will issue a refund within 14 calendar days and notify you when your funds are available. You can request to have the funds directly deposited into your personal bank account or the check will be mailed to your address on file. It is imperative that you make financial arrangements with your landlord and/or creditors in advance of the start of classes. Refunds in excess of your institutional charges will be issued at the time your account is in a credit balance position, which is often well into the semester. We will make every effort to expedite your financial aid; however, please remember this is the busiest time of year for us and your lenders, so please try to be as timely as possible when submitting your paperwork.