Award and Disbursement Information

Financial Aid Awards

Students are awarded financial aid after federal verification, and all “To Do” items in the student center have been completed. Please refer to the Priority Filing Deadlines page for assistance in planning your semester block enrollment. Summer is only awarded to students who are enrolled for the summer semester block.

 

Financial Aid Disbursement

Financial Aid disbursements for Pell Grant and Direct Loans begin the following Tuesday through Friday after the drop/add period of each semester block start. 

The chart below is a guide to understanding various disbursement dates based on individual student situations and semester block enrollment.

                              Disbursement Dates

Pell Grant
Disbursed at the start of each semester block on a pro rata basis per the student’s enrollment status throughout the term. This means students with staggered start dates will have Pell disbursed as each course begins after the drop/add period. 

Enrollment Status: 
12+ credits- Full Time
9-11 credits- ¾ Time
6-8 credits- ½ Time
<6 credits- Less than ½ Time
Direct Loan Awarded for Fall and Spring semester and Student has Previously Borrowed Direct Loans
First Disbursement: Start of the Fall semester block
Second Disbursement: Start of the Spring semester block
Direct Loan Awarded for Fall and Spring Semester and Student is a First Time Borrower
First Disbursement: 30 calendar days from the start of first course
Second Disbursement: Start of the Spring semester block
Direct Loan Awarded for One Semester Block and Student has Previously Borrowed Direct Loans
First Disbursement: Start of the semester
Second Disbursement: Mid-point of the semester
Direct Loan Awarded for One Semester Block and Student is a First Time Borrower
First Disbursement: 30 calendar days from the start of first course
Second Disbursement: Mid-point of the semester
Direct Loan Awarded for One Semester Block/All Courses are 8 Weeks with Same Start Dates/Student has Previously Borrowed
First Disbursement: Start of the semester
Second Disbursement: Mid-point of the courses
Direct Loan Awarded for One Semester Block/All Courses are 8 Weeks with Same Start Dates/Student is a First Time Borrower
First Disbursement: 30 calendar days from the start of first course
Second Disbursement: Mid-point of the courses
    • Per Federal Regulations, all Direct Loans must be equally and dually disbursed.
    • Changing semester blocks between the Fall and Spring semesters may impact the financial aid disbursement schedule.