Loan Disbursements

Loan disbursements are made on a scheduled basis.

Federal regulations require that loan proceeds for all new students (who are first-time borrowers) not be disbursed until after the student attends his/her classes for 30 days. Federal regulations also require that loan proceeds not be disbursed until 10 days prior to the first day of classes.

The loan disbursement dates are provided on the disclosure statement you receive from your lender. However, the actual disbursement dates are based on the timeliness of the loan processing. Students will be notified when their loan funds are disbursed, and (if applicable) when a refund of excess loan funds will be available.

Prior to receiving his/her first Stafford loan at Baker College, the student must complete an Entrance Interview loan counseling session. You should contact your Financial Aid Office for further details on the Entrance Interview process.