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Financial Aid

Return of Loan Funds

Loan proceeds must be returned to the lender if the school is unable to deliver them or if the school is unable to document that the student attended classes during the payment period for which the loan(s) is intended. 

If the student fails to register, enroll, maintain at least half-time enrollment, or maintain Financial Aid Satisfactory Academic Progress (SAP), the school must meet the deadlines required for returning the loan proceeds to the lender.  Promptly, but no later than ten business days after the latest delivery date.