Direct Loan Disbursement
Students will receive an email with anticipated disbursement dates when a loan is awarded.
To receive a disbursement of loan funds on the anticipated loan disbursement dates, you must meet the following criteria:
- You must have accepted the Loan Award in MyShasta at least 7 business days prior to the disbursement date.
- You must be registered in 6 units or more. If you have late start classes, you must already be attending at least one class.
- The earliest disbursement will be at least 30 days after your first day of attendance.
- You must have completed Federal Entrance Counseling.
- You must have completed the Master Promissory Note (MPN).
By law, loan disbursements will be not be made until all criteria are met.**
Fall 2026 Disbursement Dates
| Aid Type | Primary DisbursementS | Alternative Dates |
|---|---|---|
| Federal Direct Loans | Fall & Spring Loans: 09/25/26 Fall Only Loan: 09/25/26 (First Disbursement) Fall Only Loan: 11/06/26 (Second Disbursement) |
10/09/26, 10/23/26, 11/06/26, 11/20/26, 12/04/26, 12/18/26 |
Spring 2027 Disbursement Dates
| Aid Type | Primary DisbursementS | Alternative Dates |
|---|---|---|
| Federal Direct Loans | Fall & Spring Loans: 02/26/27 Spring Only Loan: 02/26/27 (First Disbursement) Spring Only Loan: 04/09/27 (Second Disbursement) |
03/12/27, 03/26/27, 04/09/27, 04/30/27, 05/14/27 |
**Once criteria are met, the earliest alternative disbursement date will be used for the first disbursement.