Loan Disbursement and Refund Schedule 2022-2023
As loan applications become complete at the beginning of each semester, the financial aid office will draw loan funds down from the U.S. Department of Education and disburse them to your student account. After first paying your MSP bill for outstanding tuition/fee charges, any excess balance will be refunded to you. Students may authorize to have financial aid refunded via direct deposit which is faster and more cost effective. Paper refund checks will be mailed if there is no direct deposit authorization, and will occur no later than 14 days after disbursement.
First Semester 2022-2023
| Disbursement Date | Direct Deposit Refund | Paper Refund |
|---|---|---|
|
August 31 |
September 9 |
September 13 |
|
September 9 |
September 16 |
September 22 |
|
September 23 |
September 30 |
October 6 |
Second Semester 2022-2023
| Disbursement Date | Direct Deposit Refund | Paper Refund |
|---|---|---|
|
January 2 |
January 10 |
January 13 |
|
January 13 |
January 20 |
January 26 |
|
January 27 |
February 3 |
February 9 |
Third Semester 2022-2023
| Disbursement Date | Direct Deposit Refund | Paper Refund |
|---|---|---|
|
April 24 |
May 2 |
May 5 |
|
May 5 |
May 12 |
May 18 |
|
May 19 |
May 26 |
June 1 |
The final date for late loan approval is June 15, 2023. Eligibility for loan funds and refund checks are contingent upon maintaining at least half-time enrollment and meeting Satisfactory Academic Progress. Contact the Financial Aid Office with questions.
Loan Disbursement and Refund Schedule 2023-2024
As loan applications become complete at the beginning of each semester, the financial aid office will draw loan funds down from the U.S. Department of Education and disburse them to your student account. After first paying your MSP bill for outstanding tuition/fee charges, any excess balance will be refunded to you. Students may authorize to have financial aid refunded via direct deposit which is faster and more cost effective. Paper refund checks will be mailed if there is no direct deposit authorization, and will occur no later than 14 days after disbursement.
First Semester 2023-2024
| Disbursement Date | Direct Deposit Refund | Paper Refund |
|---|---|---|
|
September 11 |
September 19 |
September 22 |
|
September 22 |
September 29 |
October 5 |
|
October 6 |
October 13 |
October 19 |
Second Semester 2023-2024
| Disbursement Date | Direct Deposit Refund | Paper Refund |
|---|---|---|
|
January 8 |
January 16 |
January 19 |
|
January 19 |
January 26 |
February 1 |
|
February 2 |
February 9 |
February 15 |
Third Semester 2023-2024
| Disbursement Date | Direct Deposit Refund | Paper Refund |
|---|---|---|
|
April 29 |
May 6 |
May 10 |
|
May 10 |
May 17 |
May 23 |
|
May 24 |
May 31 |
June 6 |
The final date for late loan approval is June 14, 2024. Eligibility for loan funds and refund checks are contingent upon maintaining at least half-time enrollment and meeting Satisfactory Academic Progress. Contact the Financial Aid Office with questions.
