Late Disbursements

Generally, if funds are received after the end of the loan or Pell period, if a student has withdrawn after successfully completing the payment period, or if the student has graduated, the student may be eligible for a late disbursement. Late Disbursements will be reviewed and processed once the qualification criteria has been validated and a student acknowledgment has been collected, if applicable.  

Student eligibility for a late disbursement is contingent on the following: 

Stafford Loans and PLUS/Grad PLUS Loans:

• The loan must have originated on or before the end of the loan period or graduation date.

• The student must meet all other eligibility criteria (i.e., Satisfactory Academic Progress (SAP), started the loan period within 30 days, completed prior academic year, met admission criteria, etc.).

• The disbursement must be made within 180 days after the date the student becomes ineligible.

• In the case of a late second or subsequent disbursement of Direct Loan funds, the student must have graduated or completed the loan period for which the funds were intended.

Grants:

• A valid ISIR for the award year has been received prior to the student’s withdrawal date, or the Department of Education’s ISIR deadline dates, whichever is earlier.
• The student has met all other eligibility criteria (i.e. SAP, completed prior academic year credits, met admission criteria, and so on).
• The disbursement must be made by the Department of Education’s payment deadlines for the given award year or within 180 days after the date the University determined that the student withdrew, whichever is earlier.
• If a student withdraws and it is determined during the return to Title IV calculation that they are eligible for more Pell than was disbursed, they will be offered a late disbursement.
• If there is no withdrawal date in the academic year or the student has graduated, the student may be paid retroactively for any completed payment periods subject to the above stated deadlines.