Disbursement Policy

Overview

Beginning Fall 2013, North Idaho College will implement a new disbursement policy. Students who accept Federal Student Loans will receive incremental disbursements (residual funds left over after all tuition and fees are paid for) within each semester. Loans will be split in half each semester and the first disbursement will take place at our normal disbursement time. The second half will be set for the week after midterm grades are due. Students who have all "F" grades, a combination of "F" and withdrawals AND  who are not attending at least six credits will not receive their second disbursement.

 See dates below:


 

...........................................................................................................................
Term 1st Disbursement30-Day Delay Disbursement2nd Disbursement
Fall 2014

Sept. 12, 2014

Sept. 24, 2014
Oct. 31, 2014
Spring 2015

Jan. 30, 2015 

Feb. 11, 2015 
Mar. 20, 2015
Summer 2015Jun. 12, 2015July 1, 2015July 10, 2015

 

Late Start Courses & Disbursements

If you register for a late start course, you may not receive a disbursement until your attendance has been verified in those courses. Click the following links to see how this may affect your Grants and/or Loans.


Loan Disbursements

Student loans are issued twice over the course of each semester. To better understand how and when loans are applied click the following link.