The anticipated disbursement date is the date that the school will expect to disburse Direct Loan funds. The actual disbursement date is the date the funds are made accessible to the borrower.

What does disbursement date mean on a mortgage loan?

First: this is the date your loan will fund—which is generally the same day the title company will “disburse” your transaction. ... On the other hand, for primary refinances, your disbursement date is the day after your recission period ends—or 4 days after you've signed your closing package.

How long after disbursement date do you get refund?

Financial Aid Refunds

This typically happens two business days after the disbursement date. Refunds will be mailed to you, unless you sign up for direct deposit.