Receiving Your Loans

There are two scenarios on how your loans will be disbursed depending on your grade level and enrollment. Each scenario requires you to:

• Be enrolled at least half-time
• Have your financial aid file complete
• Have your loans accepted
• Have completed master promissory notes and loan entrance counseling (our office must receive notification of completion).

Scenario 1: Regular Disbursement

If your loan period is for both the fall and spring semester, the first half of your funds will disburse in the fall semester. The second half will disburse in the spring semester.

Scenario 2: 30-Day Delayed Disbursement

If you are enrolled in the first year of an undergraduate program of study (new freshman borrowers) and you have not previously borrowed a Federal Stafford Loan, ASU cannot release the first installment of these loans until 30 days after the first day of classes. Refer to the online calendar for disbursement information. Please plan ahead to make sure you are prepared to buy books, food and other items needed at the beginning of the semester.

If you are a fall/spring student and you apply for a fall only loan, funds will be disbursed as a fall/spring loan (half in the fall and half in the spring). Students attending one term only are the only students eligible to apply for a single term loan.