Single Term, 2nd Payment
If you are applying for a one-term loan, federal regulations require that your loan be disbursed in two equal payments. Your funds will disburse the week following the dates listed above.
The first disbursement happens either at the normal 1st disbursement date (returning borrowers) or at the 30 day delay point (new borrowers).
The second disbursement occurs at the mid-point in the term as shown above.