Disbursement of Funds Policy

Student financial aid disburses to their account after the semester has started. All aid disburses directly to the student account to first pay all institutional charges. Should the student have an outstanding credit balance after disbursement, the excess will be refunded to the student. Please contact the Business Office regarding refund processes.

In order for any student to be eligible for loan funds, she/he must be enrolled at least half-time (6 credits for all students except Pharmacy students – 5 credits) at both census and at the time the loan funds are disbursed to the Business Office. For students whose classes are staggered, loan funds will not be released until the student has reached half-time enrollment (6 credits or more for undergraduate and graduate students, 5 credits or more for Pharmacy students, 3 credits or more for PhD students).

The Verification of Enrollment begins after the census date and is performed periodically throughout the semester. Scholarships, grants or loans from external sources will be posted as the funds are received by NDMU. Funds are posted weekly throughout the semester.