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Loan proceeds under the federal direct loan programs are disbursed to the student's SCAD account in accordance with federal regulations. Requirements for loan disbursement:
After a loan is approved for disbursement, loan proceeds are credited to the student's SCAD account the week following the end of the drop/add period each quarter. First-time Direct and Grad PLUS loan borrowers are required to complete loan entrance counseling. Students who do not have access to the Internet can schedule an in-person session with their adviser.