How and When Student Financial Aid is Disbursed

Federal Direct Loans are originated near the start of class. The total loan amount is awarded typically in two disbursements per academic year (one disbursement per term) with the first disbursement occurring shortly after loan origination. Funds are applied as a credit on the IWU student account.

Ministerial Student Aid is disbursed in the form of a check to the student four times a year (January, February, July, and October) from Wesleyan Headquarters for courses completed during the prior period.

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.