LOAN DISBURSEMENTS AND FEES
Your loan funds will be credited to your account the first Tuesday after each semester start date with the exception of first semester disbursements. The first disbursement for semester one will be credited to accounts on July 1, 2008. The new lower origination fee for the 2008-2009 academic year begins on this date. If you are eligible to receive a refund, it will be issued within 10 business days from the disbursement date.
Direct Loan
Disbursement Dates |
2008 Summer |
July 8, 2008 |
| 2008 Fall |
September 9, 2008 |
| 2009 Spring |
January 13, 2009 |
Loan disbursement dates are contingent upon the Financial Aid Office having received all forms and applications from students.
If you are borrowing to pay for your entire program,
you will need to save your refunds to pay for your final 2009 summer
semester when there will be no loan disbursement.
PLEASE NOTE: The Department of Education
will reduce your loan funds by 2 percent. This is for an origination
fee all borrowers are required to pay which goes to the Direct Loan
Program.
The Financial Aid Office is located in
the James W. Murray Center - Room #207
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Office
hours:
8:00a.m. to 4:30p.m.
Monday - Friday |
Phone:
Toll-free 800-737-5125
812-749-1436
812-749-1224
Fax:
812-749-1438
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Mailing
address:
Oakland City University
Attn: Direct Loan Processing
138 North Lucretia Street
Oakland City, IN
47660-1038 |
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Telecommunications Device for the Deaf (TDD/TTY)
800-848-0983
Email: dlservicer.ed.gov
Web: www.dl.ed.gov
Fax: 800/848-0984
Hours:
8 a.m. - 8:30 p.m. (ET), AVR available 24 hours a day, 7 days a week.
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Account Inquiries
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Payment Inquiries
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Deferments/Forbearances
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Repayment Options
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