Disbursement of Funds

Once loans have been awarded and certified by the College of Law Financial Aid Office, student bursar accounts will reflect the anticipated amount of the loans that are scheduled to disburse.  Loans will be disbursed just prior to the first day of classes. Early disbursements are not allowed, so please plan accordingly.  All loans are multiply disbursed; half of the loan amount, minus applicable fees, will be disbursed at the beginning of the fall semester and half, minus fees, for the spring semester.

2013-2014 Federal Direct Loan Origination Fees

The Unsubsidized Direct Loan will have a 1.051% Origination Fee and the Graduate PLUS Direct Loan will have a 4.204% Origination Fee.  Origination fees will be deducted upon disbursement of the loan to the borrower's student bursar account. 

For example, a $20,500 Unsubsidized Federal Direct Loan split evenly between the fall and spring semesters has a principal amount borrowed of $10,250 per semester; $108 (1.051% of $10,250) will be deducted at the time of disbursement, which equals a $10,142 anticipated credit to the student's bursar account each semester.

Please note that Syracuse University does not receive the fees; rather, the fees are used to pay for federal costs associated with the administration of the federal loan program.