Financing Law School |
Understanding the Disbursement and Refund Process |
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So how exactly do you get your loan funds? Read on... Disbursement of Aid In order to receive your federal student loans, you must:
Financial Aid Refunds To sign up for direct deposit:
Calculating Your Refund As an example, if you accepted the full amount of your $20,500 Direct Unsubsidized loan for the 2017-18 academic year, the fall portion is $10,250. Once the 1.069% fee is deducted (or $109.00—we round down), $10,141 will actually disburse to your DU student account on August 4th. You can also calculate your estimated refund through PioneerWeb. Just go to the Law Student tab and click on the "Student Account by Term" link in the Financial Aid Awards box. Then, subtract your total "Term Credits and Payments" from the "Term Charges." If the result is a negative number, you'll receive that amount in a refund. We sometimes have students ask if they can get their refund sooner. The short answer is no. We are prohibited by federal regulations to disburse financial aid funds any sooner than 10 days prior to the start of the semester. 2017-2018 Tentative Disbursement and Refund Dates
*We don't assume students take summer classes. If you would like financial aid for summer, you will need to submit a separate application (available in April). Learn more about billing, tuition due dates and payment options through the Bursar's Office website.
That's it for this week! Up next week: What Happens Once Classes Start Want to review past or future emails? Check out the archives! |
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Contact Us 303.871.4020 • finaid@du.edu • www.du.edu/financialaid |