Have you ever received a letter in the mail informing you of an amount of money credited to your account? Have you wondered why you were mailed the letter, and why it is a negative amount?
Notification of Loan Disbursement Letters are sent to every student after a loan disbursement is made on your behalf. When you register for the semester, and are awarded student loans to cover your balance, the loan money is not given to the school immediately - it comes in disbursements. Federal regulations require that we notify each of you every time we receive money on your behalf to cover your tuition. This means, that you could receive up to 6 letters every school year! We recommend keeping these letters for your records. If you are familiar with your student account statement online (how could you NOT be? It is an amazingly helpful feature on Cafe Web) you will notice that shortly before you received your notification of loan disbursement, a loan amount was credited to your account.
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