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Sauk Valley Community College

an institution of higher education that provides quality learning opportunities to meet the diverse needs of its students and community

Loan Disbursement Dates

Loan Disbursement Dates 

Federal Law requires that all loans have two disbursement dates for each loan period.  The chart shown below shows all of the disbursement periods for each loan. A first time borrower has a thirty day waiting period for the first disbursement of his/her first loan.  This does not affect the second disbursement.  The chart shown below shows all disbursement periods.  This assumes that the loan is requested in advance of the disbursement dates listed.  Any loans requested later than thirty days prior to the disbursement dates will be processed as expediently as possible.

2010 - 2011 Loan Periods 

Loan Period Dates  Mid Point 1st Disb 2nd Disb 30 Day Disb
Fall Only 10-11-10 09-03-10 10-11-10 09-13-10
08-16-10 --- 12-09-10  
   
  Check Mail Date (1) 09-09-10
  Check Mail Date (2) 10-14-10
  Check Mail Date (30 day Disb)  09-16-10
 
Fall/Spring   09-03-10 01-24-11 09-13-10
08-16-10 --- 05-12-11        
 
  Check Mail Date (1) 09-09-09
  Check Mail Date (2) 01-27-11
  Check Mail Date (30 day Disb) 09-16-10
 
Spring Only 03-07-11 01-24-11 03-07-11 02-07-11
01-10-11 --- 05-12-11        
 
  Check Mail Date (1) 01-27-11
  Check Mail Date (2) 03-10-11
  Check Mail Date (30 day Disb) 02-10-11
 
Summer Only (8 Week) 07-11-11 06-13-11 07-11-11 07-11-11
06-06-11 --- 08-02-11        
 
  Check Mail Date (1) 06-16-11
  Check Mail Date (2) 07-14-11
  Check Mail Date (30 day Disb) 07-14-11
 
Alternative Loan
 
 
  Disb (1) 08-02-10    
  Disb (2) 01-03-11