All financial aid funds will disburse to the school first. The different types of financial aid may have different disbursements dates. Financial aid disbursements almost always occur on Mondays. If the financial aid disbursement leads to a credit balance on a student account, that credit balance would be issued as a refund, typically on a Friday. We highly recommend that student sign up for direct deposit for their financial aid refunds.

An important point regarding loans: If your loan covers the entire year (fall and spring), the loan will be issued in two equal disbursements, split between fall and spring. If, however, you request a loan for one semester only, the funds will disburse in two disbursements during that semester.

Disclaimer on dates: Please note that these dates reflect the first available disbursement date for each type of aid. Late applications or outstanding item’s on your Student Center to do list, will lead to later disbursements. Please also note that these dates refer to the date that the funds will disburse to the school.  Refunds of credit balances are generally processed the Friday after the disbursement date.

2020-2021 (Fall 2020 and Spring 2021)

Type of Loan

First Disbursement

Second Disbursement

Fall Pell


Fall and Spring loans



Fall Only Loans


Fall TAP


Spring Pell


Spring Only Loans


Spring TAP 02/22/21