Federal Loan Links:
For multi-semester loans, your loan disbursements are made via electronic funds transfer to Rensselaer in essentially equal disbursements (one for each academic term of your loan period), usually on the first day of class in each term's schedule. Loan fees charged by the Federal government are deducted from the gross amount of your approved loan amount for each term from each disbursement.
You are responsible for notifying the Office of Financial Aid if your enrollment drops below half-time status anytime during the term. If you are not registered for the required six credit hours and/or have not maintained satisfactory academic progress, the disbursement is returned to the federal government and your enrollment status is updated on the National Student Loan Data System (NSLDS).
Once confirmation is made that your loan funds have been received, they will be posted to your student account within three business days. You will receive a written confirmation from the Supervisor of Student Accounts--which details the amount of loan funds received on your behalf and the date the school received them--within 30 days of posting the disbursement to your account. The amount of the disbursement in excess of the term's tuition will be released to you via check within 14 business days of receipt of those funds.
If you decide you would like to cancel/decline or reduce the amount of a particular disbursement, you can do so by notifying the Office of Financial Aid in writing within 14 days after the date of our written confirmation to you.