2008-2009 Financial Aid

Disbursement Information

Students enrolled in the traditional fall/spring terms will receive half of their funds (minus fees) for fall semester and half for spring semester. Students enrolled for the summer/fall/spring semesters will receive three separate and equal disbursements of federal funds, one for each semester. However, private loan funds have more flexibility and can have unequal disbursements. If students are enrolled in only one semester or the loan term is only for one semester there will only be one disbursement.

Bills are sent out in July for fall semester and November for spring semester. If you are a graduate tax student or a J.D./M.B.A. student and are enrolled in a summer session, you should receive a bill for summer in May. All tuition and fee charges must be paid no later than the first day of classes or up to a $100 late fee may be assessed by the Bursar's Office.

If you received a scholarship, moral obligation grant, an institutional loan, a Federal Perkins Loan or a Villanova Law School Loan, a credit will be reflected on your account and your bill only if you have completed all the necessary promissory notes, credit disclosure statements, and other forms and have submitted them to the Office of Financial Aid.

Federal Subsidized and Unsubsidized Stafford Loan funds and Federal Graduate Plus Loan funds will come either by Electronic Funds Transfer (EFT) or by check. EFT funds cannot be requested any earlier than 13 days before the first day of classes and cannot be credited to your account any earlier than 10 days before the first day of classes. EFT funds will automatically be credited to your account and you will be notified by the Bursar’s Office.

If you receive Federal Stafford Loan funds or Federal Graduate Plus Loan funds by check, you will need to go to the Bursar’s Office to endorse these checks so that they can be credited to your account. These funds also cannot be credited to your account any earlier than 10 days before the first day of classes.

If you are a first-time borrower, you will need to attend an Entrance Interview Session (held right before classes begin) before any checks can be endorsed or EFT credits can be made to your account.

Private loan funds will be disbursed either by check or EFT approximately 10 days before the first day of classes. If you receive your private loan funds by EFT they will automatically be credited to your account. If you receive these funds by check and if the check is made co-payable to you and the school, you will need to go to the Bursar’s Office to endorse the check before it can be credited to your account.

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