Direct Loan Disbursement
Students will receive an email with anticipated disbursement dates when a loan is awarded.
To receive a disbursement of loan funds on the anticipated loan disbursement dates, you must meet the following criteria:
- You must have accepted the Loan Award in MyShasta at least 7 business days prior to the disbursement date.
- You must be registered in 6 units or more. If you have late start classes, you must already be attending at least one class.
- You must have completed Federal Entrance Counseling.
- You must have completed the Master Promissory Note (MPN).
By law, loan disbursement will be not be made until all criteria are met.**
| Loan Period (Check your award email) | Fall 2024 Only | Spring 2024 Only |
|---|---|---|
| 1st Disbursement | 09/27/24 | 02/21/25 |
| 2nd Disbursement | 11/08/24 | 04/04/25 |
- Fall 2024 Alternative Dates: 10/11/24, 10/25/24, 11/08/24, 11/22/24, 12/06/24
- Spring 2025 Alternative Dates: 03/07/25, 03/21/25, 04/04/25, 04/25/25, 05/02/25, 05/16/25
**Once criteria are met, the earliest alternative disbursement date will be used for the first disbursement.