Getting Started: Graduate
Obtaining Your Funding
After receiving the award letter, the student must Accept or Reject the financial aid awards through WebAdvisor. Only those students who were selected for Verification are required to submit all completed Verification documents to the Financial Aid Office before their awards are disbursed.
In addition, if the student has accepted a Federal Stafford Loan they will need to complete the loan process. The Federal Stafford Loan process consists of the completing Stafford Loan Entrance Counseling and a Master Promissory Note. The process must be completed before the Financial Aid Office can certify the loan.
If the student has accepted a Federal Graduate PLUS Loan, the student will need to complete a loan application. The loan application requires a credit check. If approved, the student will then need to complete the Federal Graduate PLUS Loan process. The loan process consists of the completing PLUS Loan Entrance Counseling and a Master Promissory Note. The process must be completed before the Financial Aid Office can certify the loan.
Typically, loan certification can take up to two weeks. Once certified, the loan(s) will be ready to credit to the student’s Student Account.
The Business Office will assess charges after the last day to add/drop a class. At this point, all of the student’s financial aid awards will be credited to the Student Account as long as the student meets the eligibility requirements and has completed all necessary documentation. If there is an excess credit on the student’s account after all Financial Aid has been credited, the student may receive a refund from the Business Office. CLU is required to issue refunds when loans are part of the credit; otherwise, the student can request the refund. Any time loan funds are disbursed and credited to a Student Account, the student will receive a disbursement notification from the lender. It is recommended that students keep all disbursement notifications for their records.
