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Disbursement of Loan Funds

All loan proceeds (federal and private) are disbursed directly to your Northwestern University Customer Account. Because student registration is completed on a quarterly basis, tuition is also billed quarterly, and your loan funds are disbursed just prior to the start of each quarter (assuming you are registered appropriately* and have completed all loan requirements).

Credits

If you borrowed loan funds in excess of the total charges on your Northwestern Customer Account, the surplus loan credit can be accessed for your other expenses. You can visit the Student Financial Services website and request a refund of the credit balance via CAESAR on the first day of each quarter. IMPORTANT: Interest accrues from the date the funds are disbursed to your Northwestern Customer Account whether or not a refund is requested. If you do not need the surplus loan funds for your living expenses, etc., please contact our office to request a loan reduction.

Balance due

If the amount you borrowed in student loan funds is less than the total charges on your Northwestern Customer Account, you will be responsible for the balance due. For additional information regarding tuition billing and payment options, visit the Student Financial Services website to see Payment Methods.

*To maintain in-school status and eligibility for federal student loans, you must be enrolled at least half-time (2 credits/units). Otherwise, federal loan funds will not be disbursed.