How and When Student Financial Aid is Disbursed

Federal Pell Grant is disbursed as a credit to the IWU student account in one payment per term.

Federal SEOG is disbursed as a credit to the IWU student account in one payment per term.

Federal TEACH Grant is disbursed as a credit to the IWU student account in one payment per term.

Federal Direct Loans are disbursed as a credit to the IWU student account, generally in one payment per term with that disbursement occurring approximately 10 days after the start of the first class attended in the term. 

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.

Indiana State Grant Aid is disbursed as a credit to the IWU student account in one payment per state term. There typically are three or four state terms in the state academic year. The first state term begins in the first term where a student is enrolled full-time. For students enrolled full-time on the 28th day of the state grant term, the earliest date state grant funds may disburse is on the 29th day of that term. For students not enrolled full-time on the 28th day of the state grant term but who later become enrolled full-time within that term, the earliest date state grant funds may disburse is on the last day of the course in which the student completes full-time enrollment for the term. 

Kentucky State Grant Aid is disbursed as a credit to the IWU student account in one payment per state grant term.

Ohio State Grant Aid is disbursed as a credit to the IWU student account in one payment per state grant term.  

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

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.