Payment may be deferred if the student is enrolled half-time. Contact
Federal Student Loans to request deferment.
Disbursement of Funds
Loan funds are applied to student accounts approximately ten days before the
start of the semester.
Half of the amount applied for
is disbursed at the start of the fall semester and the other half at the start of the spring semester.
Funds will first cover direct educational expenses on the student's account.
Any excess funds are refunded to the student via ACH direct deposit or sent
to the student's permanent address.
Borrowers have the right to cancel all or a portion of the loan with no penalty by submitting a loan
cancelation form within 14 days of disbursement. Visit
http://indstate.edu/finaid/lar-form.htm for the form.