Disbursements and Refunds

Financial Aid Disbursements and Refunds

Disbursement for financial aid funds will appear as a credit on your student account and will be applied toward any eligible unpaid charges at ACHE.  Students with credit balances on their account will have a refund generated to them on or after the standard refund date for the semester.

Disbursement for authorized Direct Loans will generally occur in two substantially equal installments during the academic year.  Students who only one attend one term will have their Direct Loans disbursed at the beginning and midpoint of the term.

The Arkansas Colleges of Health Education will make disbursements as soon as administratively feasible, but no later than three business days after receiving funds from the U.S. Department of Education.  Disbursements that occur will be applied towards the student’s school account balance.

Projected Disbursement Calendar

Term Standard Disbursement Dates Standard Refund Dates
Fall 2017 August 4, 2017 August 7, 2017
Spring 2018 January 3, 2018 January 8, 2018

The Arkansas Colleges of Health Education will confirm the following information for students before disbursing any federal student aid funds that are authorized on their student account:

  • Eligible student for Federal Student Aid Funds
  • Enrolled at least half-time
  • Entrance Counseling completed as a Graduate/Professional Student
  • Has a valid and linked Master Promissory Note (MPN) as a Graduate/Professional Student
  • Has completed verification (if required)
  • Maintaining Satisfactory Academic Progress (SAP)

All students receiving Federal Student Aid Funds will be provided with electronic notifications that include:

  • General Notification
    • Anticipated Date and Amounts of Disbursement
    • Student’s right to cancel all or part of a loan disbursement and have the loan proceeds returned to the U.S. Department of Education.
    • Will be sent 30 days before and no later than 30 days after crediting the student’s account
  • Disbursement Notification
    • Date and Amount of Disbursement