When will my Federal Direct Loans be disbursed?

  • By law, the earliest that a Federal Direct Loan can be disbursed is 30 days after the semester begins. 
  • Depending on when you applied for the loan your loan payment dates can vary. 
  • Check your Financial Aid Award Letter, mailed by the Loan Processor, for your disbursement date(s).
  • Funds will be paid in multiple disbursements via BankMobile. 
  • If you are attending one semester, only; you will be paid in two disbursements during that semester. 
  • Federal ​Direct Loans may be prorated the last term of the student's program​.