Spring 2017 Disbursement Schedule

Beginning the week of:

  • January 30   (tentative)
  • February 6
  • February 13
  • February 20
  • February 27
  • March 6   (Spring Break - No Disbursements)
  • March 13
  • March 20
  • March 27
  • April 3
  • April 10
  • April 17
  • April 24
  • May 1

Disbursement dates are scheduled to change. Please check back periodically for updates and revisions to the schedule.

If you registered for direct deposit, please refer to your bank statement for the actual date funds are received.


Bookstore Credit

Financial aid for summer will be available at the bookstore from

May 13 - June 1, 2017


Priority Processing Dates

Completed applications received by the dates listed below will assure timely processing of your financial aid funds. A completed application consists of a valid FAFSA with any additional documents received and reviewed. If your financial aid file is completed after these dates, every attempt will be made to process your application in time to cover your tuition and fees; however, you should be prepared to pay your college expenses by the date printed on your class schedule.  To receive any type of financial aid, including loans, you must be making Satisfactory Academic Progress.

Fall   -   April 15
Spring   -  October 15
Summer   -   February 15


Student Loans

In addition to completing the FAFSA, students who want to receive a Federal Direct Loan must also sign a Master Promissory Note (MPN) and complete Entrance Counseling.  Once these requirements are met, an application for a student loan should be submitted via PantherWeb by the dates listed below:

Fall 2015   -   July 15
Spring 2016   -   November 14
Summer 2016   -   April 7


Summer Aid Info

If you anticipate enrolling for summer sessions and are receiving financial aid during the regular school year, please think about your budget now.

Pell Grant Recipients
If you received a federal Pell Grant for the fall or spring terms and are making satisfactory academic progress at the end of the spring term, you may be eligible to receive Pell Grant funds for the summer. The Pell Grant will only pay for the equivalent of two semesters of full-time enrollment. If you use 100 percent of your Pell Grant in the fall and spring terms because you enroll full-time in both semesters (12 credit hours or more), you will have no Pell Grant eligibility for the summer term.

To estimate your Pell Grant for the summer, use the Pell Grant Calculator. To use the Pell Grant Calculator, you will need your Expected Family Contribution (EFC). Your EFC is listed on your Student Aid Report (SAR) at www.fafsa.gov. Your SAR summarizes the information you submitted on your FAFSA.

Student Loans
Federal Direct Loans are limited by your grade level and dependency status to the following annual and lifetime loan limits:

  Dependent (as defined by FAFSA) Independent (as defined by FAFSA)
  Annual Maximum
Loan Amount*
Total Lifetime
Loan Limit
Annual Maximum
Loan Amount*
Total Lifetime
Loan Limit
Freshmen (less than 24 earned hrs) $5,500 $31,000 $9,500 $57,500
Sophomore (24 to 53.9 earned hrs) $6,500 $31,000 $10,500 $57,500
Junior/Senior (54 or more earned hrs) $7,500 $31,000 $12,500 $57,500

The more Federal Direct Loan funds you borrow during the fall and spring semesters, the fewer loan funds you will have available for the summer session. Example: If a dependent sophomore plans to enroll at least half-time for the summer, below are two possible budgeting alternatives (1 and 2) for covering the summer expenses:

Federal Direct Loan Borrowed

  Status Fall Spring Summer
Alternative 1 Sophomore 0 0 3250
Alternative 2 Sophomore 2500 2500 1500
Alternative 3 Sophomore 3250 3250 0

If you do not borrow during the fall or spring terms (Alternative 1) or borrow less than your maximum amount during fall and spring (Alternative 2), you will have loan eligibility remaining for summer. However, if you borrow the maximum loan amount during fall and spring terms, you will have no loan eligibility remaining for the summer.

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