Late Disbursements

Generally, if funds are received after the end of the loan period, if a student has withdrawn after successfully completing the payment period, or if the student has graduated, the student may be eligible for a late disbursement.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: 

Direct 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), completed prior academic year, met admission criteria, etc.).
• 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.