Federal Loan Disbursement Information
Federal Direct Loan (Subsidized & Unsubsidized) and Federal Parent Loan for Undergraduate pupils (PLUS)
If you’ve been granted financing, your loan quantity is indicated in JetStream under “Financial Aid” and then “Review and accept your school funding Award Package”. The U.S. Department of Education will subtract a 1.059 % (percent) origination charge from your approved loan amount. PLUS loans has a complete of 4.236 % (percent) deducted. The U.S. Department of Education will be sending you more information.
The times allow me to share believed disbursement dates when it comes to standard 15 week courses. The real date of one’s loan funds will be different based upon your enrollment in belated begin classes. You will have a later disbursement date if you accept your loan after the semester began. As suggested below, loans which can be for autumn semester just, wintertime semester just or spring semester only may have two disbursement times.
|Semester||Earliest Date Loan Funds used to your JC Account||Second Date Loan Funds Applied to your Account that is JC a one semester loan)|
You will be notified because of the JC school funding workplace whenever your loan funds have now been put on your JC account. If you should be due a reimbursement, the JC office environment will mail a check to your target on file, or on-campus mailbox. […]