Direct Loan Refund Schedule

Academic Year 2019-2020

Fall 2019

Session Census Date Refund Date
First Disbursement Sept. 11, 2019 Sept. 25, 2019
Delayed 1st Disbursement
(Aug. 26, 2019 Start Date)
Sept. 26, 2019 Oct. 10, 2019
Second Disbursement Oct. 28, 2019 Nov. 11, 2019
Delayed 1st Disbursement
(Oct. 21, 2019 Start Date)
Nov. 21, 2019 Dec. 5, 2019

Spring 2020

Session Census Date Refund Date
First Disbursement Feb. 5, 2020 Feb. 19, 2020
Delayed 1st Disbursement
(Jan. 21, 2020 Start Date)
Feb. 21, 2020 March 6, 2020
Second Disbursement March 30, 2020 April 13, 2020
Delayed 1st Disbursement
(March 23, 2020 Start Date)
April 23, 2020 May 7, 2020

Summer 2020

Session Census Date Refund Date
First Disbursement June 16, 2020 June 30, 2020
Delayed 1st Disbursement
(June 8 Start Date – 1st five weeks)
July 8, 2020 July 22, 2020
Second Disbursement:
(2nd 5-Weeks, July 13 Start Date)
July 16, 2020 July 30, 2020
Delayed 1st Disbursement:
(2nd 5-Weeks, July 13 Start Date)
Aug. 13, 2020 Aug. 27, 2020

*This schedule only applies to students who have completed the loan process before the semester begins. Also, students must pass the census date for a minimum of 6 hours. All other refunds will be based on the date you complete the loan process.

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