How will I receive the loan money?
Once we have received notification from the Direct Loan Servicing Center that you completed the promissory notes and entrance counseling session, we will update your account with these documents. It may take as long as 72 hours for us to receive notification after you have completed the documents online. The loan money will be directly applied to your student account as long as you meet the general eligibility requirements for federal financial aid and you are enrolled for at least 6 credit hours. Loan money will pay for tuition and fees. If you authorize the loan to pay toward books, the loan money will also allow for book charges. If there is any remaining loan money after these charges are paid, a refund check will be generated by the Bursars office and mailed to the address on file with Registration & Student Records.
**If you are new to Sinclair and new to the student loan program, your first disbursement will not be applied to your student account until the 31st day of the quarter. Sinclair will provide temporary funds to help pay tuition, fees and, if authorized, books. When we receive the federal loan money, the temporary funds will be reimbursed and any remaining loan money will be refunded to you. If you withdraw from all of your classes before the 31st day, the loan disbursement will be cancelled and you will owe any temporary funds that were used.
