What is a LOAN PERIOD
and what does it mean to me?
The loan period you choose tells the Financial Aid Office what semester you need your Stafford Loan money to fund which determines how it is distributed.
Remember you must be enrolled in at least 6 credits during the semester for which you want your loan. The total amount of money you ask for will be disbursed evenly among all semesters you choose. For example, if you choose Fall/Spring, then half of your loan will disburse in the Fall and the second half will disburse in the Spring. Single term loan periods will have only one disbursement.
Assuming you accepted your loan award and applied online for a loan prior to the semester, then your disbursement will occur a few weeks after the term begins.
| Loan Period Options: |
| Term |
Dates to Enter |
| Fall 2008 - Spring 2009 |
8/25/08 - 5/12/09 |
| Fall 2009 Only |
8/25/08 - 12/14/08 |
| Spring 2009 Only |
1/20/09 - 5/12/09 |
| Summer 2009 Only |
6/1/09 - 8/3/09 |
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