色多多视频 University | Loan Disbursement & Refund Dates

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Loan Disbursement & Refund Dates

Student Loans are available to assist in funding your costs. They are usually disbursed twice per loan period, i.e., August鈥揗ay.

APPROXIMATELY the fourth week of class each semester, if your account is paid in full at the Student Accounts Office, you will be refunded any excess personal, state, private or federal financial aid awarded to you. These charges include, but are not limited to:

  • Tuition
  • Fees
  • Room and board
  • Traffic fines

If your aid includes proceeds from Parent PLUS loans, any excess funds MUST be returned to the parent, unless otherwise indicated on the application. Only then can the refund go to you, the student.

Important Definitions

Disbursement: The crediting of financial aid funds to a student's OCU balance.

Disbursement Date: The scheduled date that financial aid funds will be applied to a student's OCU account balance. Disbursement usually occurs after the official last day to add or drop classes.

Refund Date: The scheduled date that students (or parents) will receive refunds of excess financial aid to be used for living or other educational expenses. This usually occurs 7-10 days after the disbursement date. Refunds for Parent PLUS loans are sent to the parent borrower unless the parent borrower selects to have the refund sent to the student on the loan application.

OCU processes refunds by direct deposit. To ensure your refund is processed by the date below, be sure to submit your .

TermsAdd/Drop DateLoan Disbursement Date
MayMester05/08/24N/A
Summer I05/16/2405/20/24
Summer 11 Week05/23/2405/28/24
Summer Nursing 105/16/2405/20/24
Summer Nursing 207/11/2407/15/24
Summer 8 Week06/13/2406/17/24
Summer II06/26/2407/01/24
Fall 202408/30/2409/03/24
Spring 202501/17/2501/21/25
MFA (LON) Fall 202242010/04/2410/07/24
MFA (LON) SPRING 20243001/24/2501/27/25

Refunds will be processed no later than 14 days after the credit balance has occurred.

TermsAdd/Drop DateLoan Disbursement Date
Law Sum 202406/03/2405/13/24
1L Law Fall 202408/30/2408/12/24
2L+ Law Fall 202408/30/2408/12/24
Law Spring 202501/24/2501/06/25

Refunds will be processed no later than 14 days after the credit balance has occurred.

*NOTE* Students enrolled in accelerated terms during a traditional fall or spring semester will not receive any funds until they are attending a minimum of 6 hours (half-time status). If a student takes 3 hours in the first cycle and 3 hours in the second cycle, no funds will be received until the start of the second cycle.

TermsAdd/Drop DateLoan Disbursement Date
Fall 1st 8 weeks08/30/2409/03/24
Fall 2nd 8 weeks10/25/2410/28/24
Spring 1st 8 weeks01/17/2501/21/25
Spring 2nd 8 weeks03/14/2503/17/25

Refunds will be processed no later than 14 days after the credit balance has occurred.

TermAdd/Drop DateLoan Disbursement Date
PA Sum (Diactic 1)05/17/2405/20/24
PA Sum (Clinical 2)05/03/2405/20/24
PA Fall (All)08/30/2409/03/24
PA SPR (Clinical 3)01/17/2501/21/25
PA SPR (Didatic 2)01/17/2501/21/25
PA SPR (Admits 1)01/17/2501/21/25

*determined by program phase 
Refunds will be processed no later than 14 days after the credit balance has occurred.

TermAdd/Drop DateLoan Disbursement Date
PT SUMMER 105/30/2406/03/24
PT SUMMER II07/11/24 
PT SUM 12w06/06/2406/10/24
PT FALL08/30/2409/03/24
PT SPRING01/17/2501/21/25

Refunds will be processed no later than 14 days after the credit balance has occurred.

OCU Office of Financial Aid

M-F during regular university hours
[email protected]
405-208-5211
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