Method and Frequency of Title IV Disbursements, Loan Terms, and Loan Information

All federal student aid will be disbursed to the student’s 账户 30 calendar days after the first day of classes. The financial aid office will disburse the student’s aid via the Common Origination and Disbursement System (COD) and will be reflected on the student’s 账户.

Federal 直接贷款 can be subsidized, unsubsidized or the optional Parent PLUS for parents of dependent students. All Federal 直接贷款 charge an origination fee. View more information on fees and interest rates.

Although you may be assigned a repayment plan when you first begin repaying your student loan, you can change your repayment plans at any time- for free. View more information on repayment plans.

Disbursement of Title IV Funds

All federal student aid will be disbursed to the student’s 账户 30 calendar days after the first day of classes. The financial aid office will disburse the student’s aid via the Common Origination and Disbursement and will be reflected on the student’s 账户.

Return to Title IV (R2T4) Policy

In addition to the financial impact on institutional cost and charges related to withdrawal from all classes in an enrollment 期, student recipients of Federal Title IV aid (联邦佩尔助学金s, Federal 直接贷款, and Federal Supplemental Opportunity 奖助金) are subject to additional rules and regulations which may result in cancellation or reduction of Federal Title IV aid upon withdrawal from classes in an enrollment 期.

Although Federal 援助 is normally disbursed at the beginning of an enrollment 期, this aid is “earned” as the students attend classes throughout the 期. 的区别 in awarded and “earned” aid at the point of withdrawal may result in the need to return “不劳而获”的援助.

During the first 60% of the enrollment 期, a student earns funds in direct proportion to the length of time he or she remains enrolled. A student who remains enrolled beyond the 60% point earns all aid for the term.

The percentage of the enrollment 期 that the student remained enrolled is determined by dividing the number of days the student attended by the number of days in the enrollment 期. 校历 days are used in the determination of percentages. 学术 日历 Breaks in enrollment of 5 days or longer are excluded from the calculation. If the amount of the Title IV funds disbursed is greater than the amount of Title IV funds earned by the student, a return of Title IV funds may be necessary.

Reductions in aid associated with the institutional cost portion (tuition, residential hall single room requests, college/course fees, and meal plans) resulting from withdrawal from all classes for the enrollment 期 will be returned to each source of aid/scholarship received by the student, up to the total amount received from each source in the following 顺序:

1. Federal Direct Loan(s), Unsubsidized
2. Federal Direct Loan (s), Subsidized
3. Federal Direct Loan(s), PLUS
4. 联邦佩尔助学金
5. 联邦SEOG补助金
6. Other aid or scholarships

Any remaining credit, after these cancellations have occurred, will be refunded to the student (net of any charges remaining on the student 账户).

In some circumstances, withdrawal may result in the student assuming the liability for the payment of any remaining institutional charges for the enrollment 期 in addition to any miscellaneous charges outstanding on the student 账户.

Additionally, students who drop classes and/or withdraw from a term could adversely affect their eligibility to receive Federal 金融援助 in the future. 的问题 regarding Satisfactory 学术 Progress Standards please contact the Office of Student 金融援助 at (919) 497-3228.