Funds Disbursement

Federal Stafford, Federal Grad Plus, and private loans are disbursed in equal disbursements for each quarter included in the loan period. The Department of Education will deliver Stafford, Grad Plus and private loan funds electronically to ACTCM. Once funds are disbursed to the school, tuition and fees are deducted from the loan proceeds and any remaining balance is made available in the form of a college check paid to the student. Checks are normally distributed in the Administration Office on the first  Monday after add/drop week after 2pm. Federal Work-Study funds are disbursed once per month in the form of a paycheck. Other aid is disbursed as directed by the funding agency.