Disbursement Eligibility

To be eligible for the first disbursement of financial aid, a student must:

• Complete Federal Direct Loan Entrance Counseling (this only applies to first time borrowers who are also first time students
• Complete Federal Direct Loan Master Promissory Note(s)
• Agree to be responsible for charges and to begin participation in the first course of the payment period
• Not owe a previous balance to the University that exceeds $200*

*The University may use a student’s current year Federal Student Aid (FSA) funds to satisfy prior year tuition and fee charges of not more than $200 without the student’s authorization.  The University may not use current year FSA funds to satisfy more than $200 in prior year charges, even with a student’s authorization.  Prior year is defined as any award year or loan period prior to the current one.