How and When Student Financial Aid is Disbursed

Nurse Faculty Loan Program (NFLP) funds are awarded upon receipt of all application materials. The funds are applied as a credit to the IWU student account, generally in one payment per term. 

Federal Direct Loans are disbursed as a credit to the IWU student account, generally in one payment per term/award period.  For students in a non-term program format, the disbursement occurs 14-21 days after the start of the award period. For students in a term-based program format, the disbursement occurs 6 days after the start of the first class attended in the term.

All other types of aid are awarded and disbursement dates set as the necessary paperwork is received.

All financial aid forms and information submitted online must be received at least three weeks before a planned class start.

Applying for student financial aid does not remove responsibility for payment. If the funding is not received, the student must pay all outstanding balances immediately.