{"id":51581,"date":"2019-11-18T06:50:49","date_gmt":"2019-11-18T06:50:49","guid":{"rendered":"https:\/\/southbaylo.edu\/sbu\/?page_id=51581"},"modified":"2025-12-12T16:26:34","modified_gmt":"2025-12-13T00:26:34","slug":"disbursements-and-refunds","status":"publish","type":"page","link":"https:\/\/southbaylo.edu\/web\/disbursements-and-refunds\/","title":{"rendered":"Disbursements and Refunds"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; background_image=&#8221;https:\/\/southbaylo.edu\/web\/wp-content\/uploads\/2020\/03\/fa1.jpg&#8221; parallax=&#8221;on&#8221; height=&#8221;250px&#8221; height_tablet=&#8221;150px&#8221; height_phone=&#8221;150px&#8221; height_last_edited=&#8221;on|phone&#8221; custom_padding=&#8221;62px||62px||true|false&#8221; custom_padding_tablet=&#8221;32px||18px||false|false&#8221; custom_padding_phone=&#8221;40px||0px||false|false&#8221; 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_builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_blurb title=&#8221;FINANCIAL AID&#8221; content_max_width=&#8221;377px&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;|700|||||||&#8221; header_text_color=&#8221;#FFFFFF&#8221; header_font_size=&#8221;46px&#8221; header_line_height=&#8221;0.7em&#8221; body_font=&#8221;|300|||||||&#8221; body_text_color=&#8221;#FFFFFF&#8221; body_font_size=&#8221;16px&#8221; background_color=&#8221;RGBA(0,0,0,0)&#8221; module_alignment=&#8221;right&#8221; custom_padding=&#8221;||||false|false&#8221; custom_padding_tablet=&#8221;9px||||false|false&#8221; custom_padding_phone=&#8221;21px||||false|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; header_font_size_tablet=&#8221;42px&#8221; header_font_size_phone=&#8221;37px&#8221; header_font_size_last_edited=&#8221;on|phone&#8221; header_line_height_tablet=&#8221;&#8221; header_line_height_phone=&#8221;0.2em&#8221; header_line_height_last_edited=&#8221;on|phone&#8221; body_line_height_tablet=&#8221;&#8221; body_line_height_phone=&#8221;2em&#8221; body_line_height_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Your education is a significant investment.<\/p>\n<p>[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; specialty=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; inner_width=&#8221;99%&#8221; custom_padding=&#8221;35px||38px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;3_4&#8243; specialty_columns=&#8221;3&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_row_inner _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column_inner saved_specialty_column_type=&#8221;3_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_font=&#8221;Oswald|||on|||||&#8221; text_text_color=&#8221;#0c71c3&#8243; text_font_size=&#8221;40px&#8221; text_orientation=&#8221;center&#8221; custom_margin=&#8221;||||false|false&#8221; custom_margin_tablet=&#8221;&#8221; custom_margin_phone=&#8221;&#8221; custom_margin_last_edited=&#8221;on|phone&#8221; text_font_size_tablet=&#8221;&#8221; text_font_size_phone=&#8221;25px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; text_text_shadow_style=&#8221;preset1&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Disbursements and Refunds<\/p>\n<p>[\/et_pb_text][\/et_pb_column_inner][\/et_pb_row_inner][et_pb_row_inner _builder_version=&#8221;4.27.4&#8243; custom_margin=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column_inner saved_specialty_column_type=&#8221;3_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.27.4&#8243; text_font=&#8221;|300|||||||&#8221; text_text_color=&#8221;#000000&#8243; header_5_font=&#8221;Lato||||||||&#8221; header_5_text_color=&#8221;#000000&#8243; header_5_font_size=&#8221;18px&#8221; header_6_font=&#8221;Lato||||||||&#8221; header_6_text_color=&#8221;#000000&#8243; header_6_font_size=&#8221;17px&#8221; custom_padding=&#8221;|15px||15px|false|true&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>South Baylo University follows all federal regulations regarding Title IV financial aid eligibility and disbursement. Students must meet all federal and institutional requirements at the time of disbursement to receive aid. <!-- notionvc: d9b32f3e-4cf4-4512-94c1-b3007e2fe571 --><\/p>\n<p>[\/et_pb_text][\/et_pb_column_inner][\/et_pb_row_inner][et_pb_row_inner padding_mobile=&#8221;on&#8221; column_padding_mobile=&#8221;on&#8221; custom_padding_last_edited=&#8221;on|desktop&#8221; admin_label=&#8221;Row&#8221; _builder_version=&#8221;4.16&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; custom_padding=&#8221;25px||0px|||&#8221; custom_padding_tablet=&#8221;90px||0px|&#8221; custom_padding_phone=&#8221;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column_inner saved_specialty_column_type=&#8221;3_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_toggle title=&#8221;Eligibility Requirements for a Financial Aid Disbursement&#8221; open=&#8221;on&#8221; open_toggle_text_color=&#8221;#0C71C3&#8243; open_toggle_background_color=&#8221;#FFFFFF&#8221; closed_toggle_text_color=&#8221;rgba(0,0,0,0.72)&#8221; closed_toggle_background_color=&#8221;#FFFFFF&#8221; icon_color=&#8221;rgba(0,0,0,0.2)&#8221; open_icon_color=&#8221;rgba(0,0,0,0.2)&#8221; admin_label=&#8221;Toggle&#8221; _builder_version=&#8221;4.27.4&#8243; title_text_color=&#8221;#474747&#8243; title_font=&#8221;|700|||||||&#8221; title_font_size=&#8221;22px&#8221; closed_title_font=&#8221;|700|||||||&#8221; closed_title_font_size=&#8221;22px&#8221; body_font=&#8221;|300|||||||&#8221; body_text_color=&#8221;#000000&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; custom_margin=&#8221;0px|0px|0px|0px|false|false&#8221; custom_padding=&#8221;25px|10px|25px|10px|false|true&#8221; custom_css_toggle_icon=&#8221;font-size:20px;||&#8221; border_width_all=&#8221;0px&#8221; border_color_all=&#8221;#f7f7f7&#8243; border_style_all=&#8221;solid&#8221; border_width_bottom=&#8221;1px&#8221; border_color_bottom=&#8221;rgba(0,0,0,0.26)&#8221; use_border_color=&#8221;on&#8221; border_color=&#8221;#f7f7f7&#8243; border_style=&#8221;solid&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>To be eligible to receive a financial aid disbursement, students must:<\/p>\n<ul>\n<li>Submit a valid FAFSA for the applicable academic year.<\/li>\n<li>Complete or update the Master Promissory Note (MPN) if expired.<\/li>\n<li>Be enrolled at least half-time:<\/li>\n<li>MACHM Program: 8 credit units (equivalent to 160 internship hours) per quarter<\/li>\n<li>DAOM Program: 5 credit units per quarter<\/li>\n<li>Meet Satisfactory Academic Progress (SAP) requirements.<\/li>\n<li>Maintain active enrollment. Students who withdraw or are dismissed before completing 60% of the term (for example, before the 6th week of a 10-week quarter) may be required to return part of their federal aid under Return to Title IV (R2T4) regulations. How Disbursement Works<\/li>\n<li>Financial aid is applied first to tuition and fees.<\/li>\n<li>Any remaining credit balance is refunded to the student.<\/li>\n<\/ul>\n<p><!-- notionvc: 57f445c2-0372-43ee-bd0c-9a83507761ea --><\/p>\n<p>[\/et_pb_toggle][et_pb_toggle title=&#8221;Disbursement Schedule&#8221; open=&#8221;on&#8221; open_toggle_text_color=&#8221;#0C71C3&#8243; open_toggle_background_color=&#8221;#FFFFFF&#8221; closed_toggle_text_color=&#8221;rgba(0,0,0,0.72)&#8221; closed_toggle_background_color=&#8221;#FFFFFF&#8221; icon_color=&#8221;rgba(0,0,0,0.2)&#8221; open_icon_color=&#8221;rgba(0,0,0,0.2)&#8221; admin_label=&#8221;Toggle&#8221; _builder_version=&#8221;4.27.4&#8243; title_text_color=&#8221;#474747&#8243; title_font=&#8221;|700|||||||&#8221; title_font_size=&#8221;22px&#8221; closed_title_font=&#8221;|700|||||||&#8221; closed_title_font_size=&#8221;22px&#8221; body_font=&#8221;|300|||||||&#8221; body_text_color=&#8221;#000000&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; custom_margin=&#8221;0px|0px|0px|0px|false|false&#8221; custom_padding=&#8221;25px|10px|25px|10px|false|true&#8221; custom_css_toggle_icon=&#8221;font-size:20px;||&#8221; border_width_all=&#8221;0px&#8221; border_color_all=&#8221;#f7f7f7&#8243; border_style_all=&#8221;solid&#8221; border_width_bottom=&#8221;1px&#8221; border_color_bottom=&#8221;rgba(0,0,0,0.26)&#8221; use_border_color=&#8221;on&#8221; border_color=&#8221;#f7f7f7&#8243; border_style=&#8221;solid&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li>Funds are typically disbursed in three equal installments per academic year.<\/li>\n<li>Disbursements generally begin after the Add\/Drop period and are usually completed by the fourth week in accordance with SBU policy.<\/li>\n<li>First-time, first-year borrowers (students receiving their first federal loan) may experience a 30-day delay for their first loan disbursement.<\/li>\n<li>Delays may also occur if financial aid documentation, funding estimates, or projected amounts in COD are submitted late.<\/li>\n<\/ul>\n<p>If you have questions about your financial aid eligibility or disbursement, please contact the Financial Aid Office at <a href=\"mailto:financialaid@southbaylo.edu\">financialaid@southbaylo.edu<\/a>.<!-- notionvc: 598cf01e-d71a-4416-b47d-fff09546480f --><\/p>\n<p>&nbsp;<\/p>\n<p>[\/et_pb_toggle][\/et_pb_column_inner][\/et_pb_row_inner][\/et_pb_column][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_blurb _builder_version=&#8221;4.27.4&#8243; header_font=&#8221;Oswald|||on|||||&#8221; header_text_align=&#8221;left&#8221; header_text_color=&#8221;rgba(0,0,0,0.6)&#8221; header_font_size=&#8221;20px&#8221; header_line_height=&#8221;2em&#8221; body_font=&#8221;|300|||||||&#8221; body_text_color=&#8221;#000000&#8243; body_line_height=&#8221;1.3em&#8221; background_color=&#8221;rgba(0,0,0,0.07)&#8221; background_layout=&#8221;dark&#8221; custom_margin=&#8221;0px|0px|30px|0px|false|false&#8221; custom_padding=&#8221;20px|10px|30px|20px|false|false&#8221; border_radii=&#8221;on|15px|15px|15px|15px&#8221; border_color_all=&#8221;#ffffff&#8221; border_color_top=&#8221;#0c71c3&#8243; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"color: #000080;\"><a href=\"\/web\/financial-aid\/\" style=\"color: #000080;\">How to Apply<\/a><\/span><\/p>\n<p><span style=\"color: #000080;\"><a href=\"\/web\/cost-of-attendance\/\" style=\"color: #000080;\">Cost of Attendance<\/a><\/span><\/p>\n<p><span style=\"color: #000080;\"><a href=\"\/web\/financial-aid-types\/\" style=\"color: #000080;\">Types of Financial Aid<\/a><\/span><\/p>\n<p><span style=\"color: #000080;\"><a href=\"\/web\/scholarship\/\" style=\"color: #000080;\">Scholarship<\/a><\/span><\/p>\n<p><span style=\"color: #000080;\"><a href=\"\/web\/federal-work-study\/\" style=\"color: #000080;\">Federal Work-Study<\/a><\/span><\/p>\n<p><span style=\"color: #000080;\"><a href=\"\/web\/disbursements-and-refunds\/\" style=\"color: #000080;\"><strong>Disbursements &amp; Refunds<\/strong><\/a><\/span><\/p>\n<p><span style=\"color: #000080;\"><a href=\"https:\/\/solutions02.campusivy.com\/Apps\/NPC\/NPCWizard?institutionId=69600\" style=\"color: #000080;\" target=\"_blank\" rel=\"noopener\">SBU&#8217;s Net Price Calculator<\/a><\/span><\/p>\n<p><span style=\"color: #000080;\"><a href=\"\/web\/veteran-benefits\/\" style=\"color: #000080;\">Veteran&#8217;s Benefits<\/a><\/span><\/p>\n<p><span style=\"color: #000080;\"><a href=\"\/web\/loan-counseling\/\" style=\"color: #000080;\">Loan Counseling Information<\/a><\/span><\/p>\n<p><span style=\"color: #000080;\"><a href=\"\/web\/higher-education-emergency-relief-fund\/\" style=\"color: #000080;\">CARES Act<\/a><\/span><\/p>\n<p>[\/et_pb_blurb][et_pb_button button_url=&#8221;https:\/\/tropical-mountain-5a1.notion.site\/Financial-Aid-Student-Manual-2024-2025-1325fda7254480fbadfdf41446f151ba?pvs=4&#8243; url_new_window=&#8221;on&#8221; button_text=&#8221;Financial Aid Student Manual 2024&#8243; button_alignment=&#8221;center&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_button=&#8221;on&#8221; button_text_size=&#8221;16px&#8221; button_text_color=&#8221;#FFFFFF&#8221; button_bg_color=&#8221;#0C71C3&#8243; box_shadow_style=&#8221;preset2&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_button][et_pb_button button_url=&#8221;\/web\/data\/Important%20Federal%20Loan%20Changes%20in%202026.pdf&#8221; url_new_window=&#8221;on&#8221; button_text=&#8221;\u2705 Important Federal Loan Changes Coming in 2026&#8243; button_alignment=&#8221;left&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; custom_button=&#8221;on&#8221; button_text_size=&#8221;14px&#8221; button_text_color=&#8221;#FFFFFF&#8221; button_bg_color=&#8221;#E09900&#8243; button_border_radius=&#8221;0px&#8221; box_shadow_style=&#8221;preset2&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_button][\/et_pb_column][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Your education is a significant investment.Disbursements and RefundsSouth Baylo University follows all federal regulations regarding Title IV financial aid eligibility and disbursement. Students must meet all federal and institutional requirements at the time of disbursement to receive aid. To be eligible to receive a financial aid disbursement, students must: Submit a valid FAFSA for the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"yst_prominent_words":[560,476,622,673,454,632,443,674,449,672,670,432,448,480,434,437,279,675,446,671],"_links":{"self":[{"href":"https:\/\/southbaylo.edu\/web\/wp-json\/wp\/v2\/pages\/51581"}],"collection":[{"href":"https:\/\/southbaylo.edu\/web\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/southbaylo.edu\/web\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/southbaylo.edu\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/southbaylo.edu\/web\/wp-json\/wp\/v2\/comments?post=51581"}],"version-history":[{"count":21,"href":"https:\/\/southbaylo.edu\/web\/wp-json\/wp\/v2\/pages\/51581\/revisions"}],"predecessor-version":[{"id":240066,"href":"https:\/\/southbaylo.edu\/web\/wp-json\/wp\/v2\/pages\/51581\/revisions\/240066"}],"wp:attachment":[{"href":"https:\/\/southbaylo.edu\/web\/wp-json\/wp\/v2\/media?parent=51581"}],"wp:term":[{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/southbaylo.edu\/web\/wp-json\/wp\/v2\/yst_prominent_words?post=51581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}