Fall/Winter 2020-21 Loan Dates
||Fall/Winter 1st Refund Date
||Fall Only Loan 2nd Refund Date
||07/20/20 - 11/13/20
||08/31/20 - 12/20/20
||08/31/20 - 11/23/20
||08/31/20 - 10/19/20
||09/22/20 - 12/22/20
| 2nd 9
||09/21/20 - 11/20/20
| 2nd 7
||10/27/20 - 12/20/20
Please note: Schoolcraft is required to pay out student loans in two disbursements. This means that if your loan is processed as Fall or Winter ONLY (see column 4), you will have two equal disbursements within that semester. If your loan is for both Fall and Winter (see column 3), you will have one disbursement in Fall and one in Winter.
If you have a Fall/Winter loan, your entire Fall refund will go out at the Refund #1 date column. Winter refunds will begin going out 2/19/21.
If you have a Fall only loan, your loan will be split in two equal disbursements so your refund dates are the dates listed in both Refund #1 and #2 dates column.
If you do not have direct deposit set up; a check will be mailed out the Tuesday after the date of direct deposit. Students can sign up for direct deposit thru WebAdvisor.
If you do not see your course schedule listed, you can call the Office of Financial Aid at 734-462-4433 for your expected dates.