Financial Aid
Disbursement Schedule For Stafford Loans and Plus Loans

LOAN PERIOD	1ST HALF DISBURSEMENT	2ND HALF DISBURSEMENT
FALL 07 & SPRING 08	STEP 1. Allow us 15 - 30 business days from the day you attended your loan session to certify a Stafford Loan online at TG Loans By Web (https://lbw.tgslc.org). STEP 2. You will be sent 2 e-mail notices by the Financial Aid office when your Stafford Loan is ready to accept on Loans By Web. STEP 3. Accept your loan on TG Loans By Web as soon as you receive the email notice. Your Stafford Loans will be on TG Loans By Web for 30 calendar days. STEP 4. Within a week your lender will send us the first half of your loan funds. Make sure you send a MASTER PROMISSORY NOTE to your lender if this is your first time borrowing through Richland College or first time borrowing through that lender.	All Second Disbursements must be no earlier than the mid-point of the award period.
SPRING 07 ONLY		All Second Disbursements must be no earlier than the mid-point of the award period Students in FAST TRACK – certified attending 6 credits
SUMMER I	NO LOANS To be awarded grants for Summer 1, fill out the SUMMER SUPPLEMENT FORM in March/April.

Stafford Loans have to be disbursed in two equal disbursements.
The second disbursement cannot be before the half point of the loan period.
All Cedar Valley Stafford Loan borrowers have to wait 30 days before their first disbursement from the start date of the semester.
Pay close attention to the loan period when accepting your loans on Loans By Web to know which semester you are borrowing and when your funds can be disbursed.
In both Stafford Loans and PLUS loans, borrowers will have to pay a fee of up to 4% of the loan, deducted proportionately from each loan disbursement. Because of this deduction, you will receive slightly less than the amount you are borrowing.

Stafford Loan Disbursements

Please allow 5 to 10 business days, from the