Students enrolled in the online accelerated program will have two disbursements each semester. The first disbursement will be applied to your account no more than 10 days before the first day of class. The second disbursement will be applied approximately halfway through the semester. (Dates can vary depending on your enrollment.)

You must be enrolled Half-Time (undergraduate – 6 credit hours, graduate/doctoral – 5 credit hours) to receive a

disbursement of Federal Student Loan funds. Students who are beginning enrollment in the last module or who only have one course remaining in the semester before graduating, may not be eligible for a Federal Loan disbursement.

The Business Office is responsible for disbursing the student aid. There are two ways in which the disbursement may take place:

• Crediting and payment of eligible institutional charges, or
• Payment to the recipient by means of a refund to the student

The first funds disbursed will be used to pay any and all charges on your account. These charges may include, but are not limited to tuition, fees, books, fines, and prior term balances. Refunds are disbursed via the Cardinal

One Card according to the refund preference selected by the student. No refunds are issued until all charges are paid in full, regardless of other student aid which may later be available to pay those charges. Lamar University disburses Title IV funds only after the receipt of funds from the U.S. Department of Education.