Student Loans

If you have never taken out a student loan before (or your prior student loans have already been closed,) you will receive an instruction sheet for completing your Entrance Counseling and Master Promissory Note after you have submitted your Loan Request Form. You can also find a copy of those instructions here.

Drop by our Financial Aid Lab Hours to receive one-on-one assistance. You may also schedule an appointment with the Loan Processor for additional in-person loan counseling by calling our office. Hours and contact information can be found on the left side of this page.

Federal student loans are always disbursed in two equal disbursements for the award period. If your loan is awarded for a full academic year, that usually means one disbursement in fall and another in spring. However, if your loan is awarded for one semester, you can still expect to receive two disbursements: one in the first half of the semester, and another after the midpoint of the semester has passed. Below, you will find additional information regarding disbursement dates for student loans for the 2017-2018 academic year.

First-time Borrowers are NOT eligible to receive a loan disbursement until AFTER 30 days from the start of each semester; therefore, first-time borrowers can expect to receive their loan disbursement by the SECOND disbursement date of each semester, so long as all other requirements are met by the published documentation deadline for the second disbursement date below.

Fall 2017

Spring 2018

Summer 2018

*Documentation Deadline: For continuing borrowers, the only document needed is the Loan Request Form, to be submitted in person at the Office of Financial Assistance. For first-time borrowers, this includes the Loan Request Form, and BOTH the online Entrance Counseling and Master Promissory Note. All required documents must be completed and received by this date in order to receive your loan disbursement on the corresponding Funding Date.

**Award Calculation Date: You must be enrolled in and attending at least 6 degree-applicable units by this date in order to qualify to receive your loan disbursement on the corresponding Funding Date. If you drop units, or have later starting courses, that result in less than 6 units, you will not qualify for disbursement on that date.

***Funding Date: This date reflects the day funds will be transmitted to BlackBoardPay. The following is the timeline by which you can expect to receive your funds: CollegeCash Card – End of the day on the Funding Date; ACH/Direct Deposit – 3-5 business days from the Funding Date; Paper Check – 5-10 days from the Funding Date.

****July 26, 2018 is the FINAL documentation deadline to request a student loan for the 2017-2018 academic year. Loan Requests that do not have ALL required documentation completed by this date are considered incomplete for awarding and cannot be processed.

(±) Dates marked with this symbol above may include retroactive disbursements for prior semesters if the student has requested loan funds for a prior semester on the Loan Request Form AND the student has been determined to be eligible for a retroactive loan disbursement. You will be notified of your loan eligibility via email to your student email account on InSite Portal.