Disbursements

Disbursements of $300 each will be made quarterly, once in January, April, July, and October; but not before an Employer Verification Form has been completed online. Before each disbursement, proof is required that all loans are not delinquent or in default. If you are in forbearance or deferment, you must provide proof that disbursed funds were applied to a lender of your qualifying loans.

Recipients are required to verify their employment information and loan payment information every three months by completing a Quarterly Verification Form by March 15, June 15, and September 15, prior to receiving the next $300 installment.

Disclosure of any changes in the recipient's or spouse's/partner's financial or employment circumstances since the submission of the application is also required.