Federal Direct Loans are disbursed after the end of the Add/Drop period each semester. Because loans are subject to origination fees, about 1%, the amount received from the Department of Education will be slightly less than the total amount borrowed. If there is a credit balance on your student account, a direct deposit will be made to an authorized bank account that you have set up with UWest, within in 14 days.
- Federal regulations require two (2) disbursements for all loans, including one semester loans. Students attending a single semester or summer term will receive their second disbursement at the calendar midpoint of the term.
- If a student is in the first year of undergraduate study and is a first-time Direct Loan borrower, there is a waiting period of thirty calendar days for the first loan disbursement.
- Students who drop below half-time enrollment are no longer eligible for a Direct Loans
- Full-time enrollment for financial aid purposes is defined as follows:
|Stage of Studies||Full-time Definition||Corresponding Course(s)|
|Coursework – Undergraduate||12 units per term||Degree Applicable Courses|
|Coursework – Graduate||9 units per term||Degree Applicable Courses|
|Master’s Thesis, all course work complete||3 units per term||PSYCH699A, REL700 (Maximum: 2 terms)|
|Doctoral Qualifying, all course work complete||3 units per term||BMIN705, REL 705 (Maximum: 2 terms)|
|Candidacy, engaged in research requirement||3 units per term||BMIN698A, 698B, 710, REL698A, 698B, 710|
|Candidacy, research requirement fulfilled||1 unit per term||BMIN715, REL715|
Students should refer to the catalog for time-to-degree standards in their program of enrollment. Extending studies beyond the program standard, if approved, may affect aid eligibility.
- Loan disbursements will not be released until the instructors have completed the attendance verification. The attendance verification must be completed, or the financial aid refund will be delayed.