Loans:
Half-Time Status Required: Your student loans for each term will not be disbursed until you have reached half-time status.
For Undergraduate students, half-time status is defined as having 6 credit hours of active enrollment in each semester (Fall, Spring, or Summer). For Graduate students, half-time status is defined as having 4.5 credit hours of active enrollment in each semester
The timing of disbursements depends on when the student is scheduled to reach half-time status. Here is how loans would disburse for these common enrollment patterns:
Here is how loans would disburse for Online Accelerated Program students:
Table shows disbursement schedule for OAP financial aid
| Type of Student |
Session 1 |
Session 2 |
When Loans Will Disburse |
| Undergraduate |
3 hours |
3 or more hours |
Session 2 |
| Undergraduate |
6 or more hours |
3 or more hours |
Half in Session 1 /
Half in Session 2 |
| Graduate |
3 hours |
3 or more hours |
Session 2 |
| Graduate |
4.5 hours |
3 or more hours |
Half in Session 1 /
Half in Session 2 |
*Note: Federal student loans are not available for less-than half-time enrollment. Students enrolled less-than half-time may apply for a private/non-federal loan online.
Grants:
Grant funds are initially awarded as if the student will be enrolled full-time. However, grant disbursements are prorated for enrollment that is less than full-time.
Example: Student A qualifies for a $600 grant for full-time enrollment. Student A is registered for 3 hours in Session 1 and 6 hours in Session 2. Based on this enrollment pattern, the grant would pay out at $150 in Session 1 and $300 for Session 2.
For details on how the summer Year-Round Pell Grant works, click here
