Award Information - Disbursement Information
After you have received an award letter from Financial Aid AND have completed all additional processes, the following disbursement schedule is an estimated time frame in which you can expect payment of your financial aid awards.
Lane disburses financial aid beginning at noon the second Thursday of each term and, in most cases, disbursement occurs every Thursday thereafter, as awards become ready for payment. Summer term is an exception**
Enrollment must be correct by 12:00 noon on the Tuesday prior to the disbursement date. See Admissions and Enrollment for further information.
2014 - 2015 DISBURSEMENT SCHEDULE
|Programs||Summer 2014**||Fall 2014||Winter 2015||Spring 2015|
|· Federal Pell Grant|
· Federal SEOG
· Oregon Opportunity Grant
· Federal Perkins Loan
· Federal Direct Stafford Loans
· Parent Plus Loan***
|July 3 **Unless your first course starts during the:|
· 2nd 4 wks – July 31
|October 9||January 15||April 9|
| · Federal Direct Stafford Loans|
(First Time Borrower*)
|July 31||November 6||February 12||May 7|
|· Federal Direct Stafford Loans (one term only)|
· Parent Plus Loan (Loans one term only-must be paid in two disbursements)
*If you are a first time borrower, Federal Regulations require that the first disbursement of Federal Direct Stafford Loans not be released until 30 days after the term begins.
**See Summer Term Students for further information.
***This date applies to students receiving the Parent Plus Loan funds. If funds are disbursed to the parent, expect processing delays of 2-3 weeks.