Payment Period
Federal financial aid is disbursed to students on a schedule that ensures fairly even distribution over the course of an academic year. This distribution is based on divisions of the year into payment periods, based on the length of the academic year or academic program. Disbursement by payment period helps students budget their resources and also holds the line on overpayments should the student's enrollment change or cease.
Related topics in this Index: Academic Year; Disbursement; Overawards and Overpayments, Program Eligibility
See also Subtopics for more specific references.
Electronic Announcement, 11/5/19
Revised Policy for Standard Term Length
See top list entries for Cash Management and Disbursement
Electronic Announcement, 11/5/19
Revised Policy for Standard Term Length