Disbursement of Financial Aid
Step 1: Receive Award
Once your financial aid application file is complete, you will receive an award notification to your LSUHSC email directing you to view, accept, decline, or modify your financial aid award on your Self-Service portal.
The deadline to accept a loan is:
- Semester only loans: Last day of classes for that semester
- Academic year loans: Last day classes of the spring semester
NSLDS Reporting Disclosure
Students and/or parents who enter into an agreement regarding a Title IV loan are
advised that the loan information will submitted to the National Student Loan Data
System (NSLDS), and will be accessible by guaranty agencies, lenders, and schools
determined to be authorized users of the data system.
The National Student Loan Data System (NSLDS) is the U.S. Department of Education’s central database for student aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other Department of ED programs.
NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV Aid can access and inquire about their Title IV loans and/or grant data.
Students and/or parents can access their personal loan/grant information at studentaid.gov.
Step 2: Complete Entrance Counseling and Master Promissory Note
If you are accepting loans as a first-time borrower with Southeastern you will need to complete and submit the applicable promissory note(s) and entrance counseling. You will need to sign in using your FSA ID to complete these steps.
Terms and conditions of Federal Direct Student Loans (Direct and Direct PLUS) are listed on the Master Promissory Note signed by the borrower accepting the loan.
Please note: Direct Subsidized/Unsubsidized Loans and Direct PLUS loans require separate MPNs. For example, if a student has a Direct Subsidized/Unsubsidized Loan and a Direct Parent PLUS loan on their account, separate MPNs need to be completed by each borrower. One by the student for Direct Subsidized/Unsubsidized Loan and one by the parent who is taking out the Direct Parent PLUS loan. Your aid will not disburse until this is complete.
Step 3: Check Account Balance
You can view your account balance on your Self-Service account. All outstanding charges, as well as pending financial aid is listed.
Step 4: Receive Disbursement
Student financial aid is credited to the students' account records by the LSUHSC-NO Bursar's Office (also known as the Business Office), which also delivers overpay (fund residual) funds covering aid that exceeds amounts owed for tuition and fees through BankMobile Disbursements, a technology solution, powered by BMTX, Inc.. Aid recipients must be registered for the enrollment period before funds are credited. Overpay funds are generally available within two weeks of the date funds are credited to the account record. To facilitate prompt delivery of overpay funds aid recipients should select their delivery preferences at the BankMobile Disbursements website. Contact the Bursar's Office for more information.
BMTX, Inc.sends email notifications when overpay funds are available. The Bursar's Office is located in the Resource Center Building on the first floor. The phone number is 504-568-4694, and the email address is nobursar@lsuhsc.edu.
For more information about BankMobile Disbursements visit this link: http://bankmobiledisbursements.com/refundchoices/.