DCSIMG

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.

If you are borrowing from a lender that does not send its funds electronically, your loan check may be submitted to the school co-payable to both you and Pacific McGeorge. In this case, you must endorse the check in the Business Office in order for the funds to be applied to their account.