Student Loan Disbursement.

 

Student Loan Disbursement

Federal Direct Loans (Subsidized, Unsubsidized, and PLUS), NJ Class Loans, and Private Loans

All financial aid must be managed through the Financial Aid Office (if you’ve gone on your own to get a private loan, it must still be certified by our Financial Aid Office). Once our Financial Aid Office determines you are eligible for a Federal Student Loan AND you have returned your signed Award Agreement to the Financial Aid Office accepting the loans so they can be certified, they will begin to appear on your bill as “Pending Aid”, reducing the balance due. This means that we expect to receive these funds on your behalf however they have not yet arrived. Once we receive these funds from your Lending Bank, they will be applied to your bill as a transaction and removed from the “Pending Aid” portion of your bill.