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Loan Counseling, MPN and Disbursement Dates

Loan Counseling

Students borrowing for the first time through the Federal Direct Loan program must complete entrance counseling prior to the first loan disbursement. Loan counseling can be found by going directly to StudentLoans.gov.

NOTE: Until you complete your entrance loan counseling, your Federal Direct Loan will not be disbursed.

In addition, exit counseling must be completed prior to withdrawal, reducing enrollment to less than half-time or graduation. All students who have borrowed through the Federal Direct Loan program must complete loan counseling at StudentLoans.gov.

Master Promissory Note

A Master Promissory Note (MPN) is required for all first-time Federal Direct Loan program borrowers. The MPN authorizes the Financial Aid Office to credit your loan funds to your student account. MPNs are generally good for ten years.

NOTE: Until you complete your Master Promissory Note (MPN), your Federal Direct Loan will not be disbursed.

Disbursement Dates

2016-2017

Fall 2016

Spring 2017

Law

Law

August 2016 to December 2016

January 2017 to May 2017

Fall 2016 First Disbursement

Spring 2017 First Disbursement

August 8, 2016

December 30, 2016

Undergraduate and Graduate

Undergraduate and Graduate

September 2016 to December 2016

March 2017 to June 2017

Fall 2016 First Disbursement

Spring 2017 First Disbursement

September 12, 2016

March 20, 2017

Certificate of Advance Accounting Proficiency

Certificate of Advance Accounting Proficiency

August 2016 to December 2016

March 2017 to June 2017

Fall Class 1 Disbursement

Spring Class 1 Disbursement

TBD

TBD

Fall Class 2 Disbursement

Spring Class 2 Disbursement

TBD

TBD

Fall Class 3 Disbursement

Spring Class 3 Disbursement

TBD

TBD

Winter 2017

Summer 2017

Undergraduate and Graduate

Law

January 2017 to March 2017

May 2017 to July 2017

Winter 2017 First Disbursement

Summer 2017 First Disbursement

December 30, 2016

May 22, 2017

Certificate of Advance Accounting Proficiency

Undergraduate and Graduate

January 2017 to March 2017

June 2017 to August 2017

Winter Class 1 Disbursement

Summer 2017 First Disbursement

TBD

June 5, 2017

Winter Class 2 Disbursement

School of Education & Counseling Psychology, Graduate Engineering, Pastoral Ministries and Certificate of Advanced Accounting Proficiency

TBD

June 2017 to July 2017

 

Summer 2017 First Disbursement

 

June 5, 2017

NOTE: The Financial Aid Office completes the disbursement process twice a week – Mondays and Thursdays.  The exception is holidays or if the Financial Aid Office is closed. For those exceptions, disbursements will be completed on the next business day.

As you are reading about loan counseling and disbursements, you may want to learn how we determine financial aid, the costs, loan repayment and other consumer information.