Late Disbursements

Generally, if funds are received after the end of the loan period, if a student has withdrawn after completing more than 60% of the academic year half, or if the student has graduated, the student may be eligible for a late disbursement. Student eligibility for a late disbursement is contingent on the following:

Direct Loans and PLUS/Grad PLUS Loans:

• The loan must be 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, and so on)
• The disbursement must be made within 180 days after the date the student becomes ineligible
• If there is a withdrawal date in the AY, the student may be eligible for a late disbursement if they have successfully completed the period for which the loan was intended