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Disbursement, Vouchers & Deferment

Loan Disbursement

When all loan application requirements are complete, funds are sent electronically in two equal disbursements (one per semester) and applied to your student account. Note: If you will be attending a single semester and/or summer school, your Federal Direct Stafford and Federal Direct Graduate PLUS Loans will come in two equal disbursements. The first disbursement will be at the beginning of the semester or summer school period and the second disbursement can not be disbursed until the middle of the semester.

Loan fees, if applicable, are deducted from each loan disbursement. If a refund is due to the student, the Business Office will automatically calculate your refund. Your refund will be sent electronically (EFT) to your checking account if you completed the Direct Deposit Authorization form. Otherwise, your refund will be in the form of a paper check and mailed to your home.

Book Vouchers

Book vouchers are available from the Business Office to those students with approved financial aid. The vouchers are only good for the day they are approved. If for some reason a required book has not arrived to campus then you will need to be issued a new book voucher when the book does arrive. The book charges will be added to your tuition account and paid from your financial aid.


Deferment forms for federal loans are no longer necessary. Pacific McGeorge verifies students' enrollment to the National Student Loan Clearinghouse on a monthly basis during periods of enrollment. When the Clearinghouse receives and processes the enrollment file from Pacific McGeorge, they will transmit enrollment verification to each students' federal lender, servicer and guarantor.

Deferment forms for private loans should be submitted to the Financial Aid Office. The Financial Aid Office will send the alternative/private loan deferment forms to the Clearinghouse for completion.


Contact the Financial Aid Office
Email | 916.739.7158