Financial Aid Disbursement Information

Awards cannot be disbursed until you have registered for the minimum number of credits. If you fall below these minimum credit requirements by dropping or withdrawing from classes, your awards may be canceled or reduced. Grants are prorated if your enrollment status is less than 12 eligible financial aid hours.

Stafford Loans and PLUS Loans require half-time status each semester. For undergraduate students, this means you must enroll in 6 credit hours and for graduate/professional students 4.5 graduate/professional credit hours. Courses repeated twice with a grade of "D" or higher will not count toward financial aid enrolled hours.

Loan Period: Academic Year Fall 2025–Spring 2026 

(8/18/2025–5/7/2026)

• First Disbursement: 8/18/2025
• Second Disbursement: 1/12/2026
• New Freshmen (30-Day Delay): 9/19/2025

Loan Period: Fall 2025 Only

(8/18/2025–12/11/2025)

• First Disbursement: 8/18/2025
• Second Disbursement: 10/14/2025
• New Freshmen (30-Day Delay): 9/19/2025

Loan Period: Spring 2026 Only

(1/12/2026–5/7/2026)

• First Disbursement: 1/12/2026
• Second Disbursement: 3/10/2026
• New Freshmen (30-Day Delay): 2/13/2026

Review the award notification and indicate accept, reduce, or decline for student and parent loans electronically on myEOL (via Banner9). Students may cancel their loans within 14 days of disbursement without penalty by sending an email to our office or by completing the loan adjustment form, which is available online at www.nccu.edu/ssa. Please visit studentaid.gov to complete the required loan documents such as the Master Promissory Note, loan entrance counseling, plus loan application and plus credit counseling. NCCU does not certify or process private or alternative loans.

Federal regulations require that you must attend all of your classes for which aid is awarded. Verification of attendance is the process of having your professor indicate whether or not you have been in attendance. If you are not verified in attendance by faculty, your aid may be reduced or canceled. You should be aware that your registration for classes that begin in the later part of the term may also result in a delay of your financial aid disbursement, as attendance cannot be verified until the classes begin. Verification of attendance usually takes place during the first week of the class period, and disbursement of aid happens beginning the second week.

Please remember the following points regarding attendance verification:

Important: A student’s financial aid will be impacted if an instructor does not provide accurate and timely attendance verification for their course(s).

Attendance is verified for all courses, including non-lecture types such as directed study, thesis, practicum, internship, and online courses.

Students verified as "not attending" will be dropped from the course and will not receive financial aid for the course.

Your award letter lists the amount of financial aid you will receive for various levels of enrollment. You cannot receive aid for dropped or audited courses. If a student receives financial aid but never attends classes, the Office of Scholarships and Student Aid must return all disbursed funds to the respective federal and institutional aid programs. The student’s account will be updated, and the student will be responsible for any balance due. Grants are awarded based on registered hours: if a student’s actual enrolled hours are reduced due to dropped or cancellation of classes, the funds will be reduced appropriately.

If you withdraw from a course after the census date, it is a “withdrawal.” You will be charged for “withdrawn” courses, and withdrawals can lead to violations of the Financial Aid Satisfactory Academic Progress (SAP) Policy. If you withdraw from all your courses or stop attending classes before completing more than 60% of the semester or earn all non-passing grades, you may have to repay all or a portion of the financial aid that you received. A student who withdraws from the semester (regardless of the reason, i.e., medical, extenuating circumstances, suspension, etc.) may have their financial aid adjusted through the Return of Title IV funds process. The return of Title IV funds may result in the student having an outstanding balance owed to North Carolina Central University.