Financial aid that has been awarded to on-time applicants will be disbursed mid to late October for the Fall semester and mid to late February for the Spring semester.  All other financial aid will be disbursed weekly as applicant files are completed.  Monthly notices will be mailed from the Bursar's Office notifying on time and late Financial Aid applicants when funds have been disbursed.  Disbursement is made each semester for that semester's portion of the award. 

Federal, State and Institutional Grant  Disbursement is made to the Bursar's Office and credited to the student's account.  

Federal College Work-Study Program wages are paid directly to students for hours actually worked; paychecks are issued bi-weekly. Federal Work Study earnings can be credited to a student's account with the student's written consent.

Federal Perkins Loan disbursements are made after a student has signed the promissory note for each semester that the loan is accepted. Disbursement is made to the Bursar's Office and credited to the student's account.

Federal Subsidized and Unsubsidized Stafford Loan disbursements are made by the lender directly to Worcester State College in at least two installments.  The lender will notify the student of the approximate date the loan check or Electronic Funds Transfer (EFT) will be sent to the College. First time borrowers must receive loan counseling from the Financial Aid Office.  First time borrowers must also complete a Master Promissory Note before payment will be credited to the student's account.

Federal Parent Loans for Undergraduate Students (PLUS) are disbursed by the lender directly to Worcester State College in at least two installments and are credited to the student's account.  If any loan money remains, your parents will receive a refund of these funds.

MEFA Family Education Loan and TERI Loan disbursements are made directly to the College and are credited to the student's account.

Massachusetts No Interest Loan (MNIL) disbursements are made after a student has signed the promissory note for the academic year. Students must maintain full-time status and meet all eligibility and residency requirements. Disbursement is made to the Bursar’s Office and credited to the student’s account.