Loan Disbursement and Refund Schedule 2023-2024
As loan applications become complete at the beginning of each semester, the financial aid office will draw loan funds down from the U.S. Department of Education and disburse them to your student account. After first paying your MSP bill for outstanding tuition/fee charges, any excess balance will be refunded to you.
Direct Deposit
Students may authorize to have financial aid refunded via direct deposit which is faster and more cost effective. Do not email (unsecure) the completed direct deposit authorization. Use this secure upload to submit the form and any bank/account verification (you must be logged into your MSP email account) to the MSP Financial Aid Office.
Paper refund checks will be mailed if there is no direct deposit authorization, and will occur no later than 14 days after disbursement.
First Semester 2023-2024
| Disbursement Date | Direct Deposit Refund | Paper Refund |
|---|---|---|
|
September 11 |
September 19 |
September 22 |
|
September 22 |
September 29 |
October 5 |
|
October 6 |
October 13 |
October 19 |
Second Semester 2023-2024
| Disbursement Date | Direct Deposit Refund | Paper Refund |
|---|---|---|
|
January 8 |
January 16 |
January 19 |
|
January 19 |
January 26 |
February 1 |
|
February 2 |
February 9 |
February 15 |
Third Semester 2023-2024
| Disbursement Date | Direct Deposit Refund | Paper Refund |
|---|---|---|
|
April 29 |
May 6 |
May 10 |
|
May 10 |
May 17 |
May 23 |
|
May 24 |
May 31 |
June 6 |
The final date for late loan approval is June 14, 2024. Eligibility for loan funds and refund checks are contingent upon maintaining at least half-time enrollment and meeting Satisfactory Academic Progress. Contact the Financial Aid Office with questions.
Loan Disbursement and Refund Schedule 2024-2025
As loan applications become complete at the beginning of each semester, the financial aid office will draw loan funds down from the U.S. Department of Education and disburse them to your student account. After first paying your MSP bill for outstanding tuition/fee charges, any excess balance will be refunded to you.
Direct Deposit
Students may authorize to have financial aid refunded via direct deposit which is faster and more cost effective. Do not email (unsecure) the completed direct deposit authorization. Use this secure upload to submit the form and any bank/account verification (you must be logged into your MSP email account) to the MSP Financial Aid Office.
Paper refund checks will be mailed if there is no direct deposit authorization, and will occur no later than 14 days after disbursement.
First Semester 2024-2025
| Disbursement Date | Direct Deposit Refund | Paper Refund |
|---|---|---|
|
September 9 |
September 13 |
September 20 |
|
September 20 |
September 27 |
October 3 |
|
October 4 |
October 11 |
October 17 |
Second Semester 2024-2025
| Disbursement Date | Direct Deposit Refund | Paper Refund |
|---|---|---|
|
January 13 |
January 17 |
January 24 |
|
January 24 |
January 31 |
February 6 |
|
February 7 |
February 14 |
February 20 |
Third Semester 2024-2025
| Disbursement Date | Direct Deposit Refund | Paper Refund |
|---|---|---|
|
May 1 |
May 9 |
May 14 |
|
May 16 |
May 23 |
May 29 |
|
May 30 |
June 6 |
June 12 |
The final date for late loan approval is June 25, 2025. Eligibility for loan funds and refund checks are contingent upon maintaining at least half-time enrollment and meeting Satisfactory Academic Progress. Contact the Financial Aid Office with questions.
