Direct Loan Refund Schedule
Federal Direct Subsidized and Unsubsidized Loans are processed differently from grants and scholarships. While grants are often applied immediately after the census date, federal student loans follow strict regulatory timelines for disbursement (when funds are applied to your tuition balance) and subsequent refunding (when excess funds are sent to your BankMobile preference).
Active Loan Disbursement Calendars
This schedule only applies to students who have fully completed the loan process before the semester begins. Also, students must be present for a minimum of 6 hours on the census date. All other refunds will be based on the date you complete the loan process.
Fall Semester
| Session | Census Date | Refund Date |
|---|---|---|
| First Disbursement | August 25 | September 9 |
| Second Disbursement | October 20 | November 3 |
Spring Semester
| Session | Census Date | Refund Date |
|---|---|---|
| First Disbursement | January 20 | February 3 |
| Second Disbursement | March 23 | April 6 |
Summer Semester
| Session | Census Date | Refund Date |
|---|---|---|
| First Disbursement | June 8 | June 23 |
| Second Disbursement | July 9 | July 23 |
Questions? We're here to help.
If you have questions about financial aid or need any assistance applying, please connect with our campus team:
Hours:
- Monday–Tuesday: 8 a.m. – 7 p.m.
- Wednesday–Friday: 8 a.m. – 5 p.m.
