Submitted by Anonymous (not verified) on Tue, 01/12/2021 - 10:09

Spring Disbursements

Once your financial aid disburses, it will no longer show as anticipated aid. Within the same day, you will see the funds posted to your Student Financial Account. Monitor your "Account Detail" for updates to your aid and balance. A new billing statement will not be sent until February.

Image of Account Detail

Timing of Disbursements

  • Federal Grants: 1-3 business days

  • Federal Direct Loans: 3-5 business days

  • Private Education Loans: 5-7 business days. The loan disclosure provided by your lender will show your disbursement date. Keep in mind that if you just applied for a Private Education Loan, there is a 10 day right of rescission.

  • State grants and outside scholarships will disburse into your bursar account when the funding has been received by Penn State. Please check with the relevant outside agency to determine an estimated disbursement date of your funds.

Is there something that will hold up your disbursement?

Check your LionPATH account for any Holds or To Do List (verification, MPN, etc.) items that may affect the timing of your disbursement(s).