Returning Borrowers of Federal Student Loans

Students who are returning borrowers (previously received a Federal Stafford Loan) at Pierpont or from any other post-secondary school will receive their disbursement on the regularly scheduled disbursement date (15 business days after the start of the semester or upon completion of financial aid file). If they are borrowing for a single semester such as a Spring only loan, they will receive the loan in two disbursements with the second disbursement occurring at the midpoint of the semester.