HPU | Disbursement Updates

Disbursement Updates

Financial Aid Disbursement Updates

Regulatory changes were signed into law on July 4, 2025 through Public Law 119-21, better known as the One Big Beautiful Bill Act - (OBBBA), which will impact Federal Student Aid programs starting July 1, 2026 for the 2026-2027 academic year.

 

How does this impact your financial aid disbursements and refunds?

  • Beginning in 2026-2027, new federal requirements reduce annual federal student loan eligibility in proportion to enrollment when a student attends less than full-time.
  • Part-time enrollment may reduce or eliminate a refund.
  • Students enrolled less than half-time are not eligible for federal student loans.

To remain eligible for the maximum amount of financial aid, YOU must be enrolled full-time.

  • Undergraduates = 12+ credits enrolled
  • Graduates/Professionals = 9+ credits enrolled

Disbursement Timeline

FULL-TIME STUDENTS PART-TIME STUDENTS
Enrollment Verified
 09/08/2026 09/08/2026
Eligible financial aid disbursed to HPU student accounts
 09/11/2026 09/18/2026
Eligible refunds posted to student accounts
 09/25/2026 10/02/2026
eRefund expected in personal bank accounts
 09/30/2026 10/07/2026

These dates are intended to serve as an estimated timeline for the 1st round of disbursements for those who have completed all loan requirements and are actively enrolled full-time at the start of the term.

  • Disbursements will continue to occur twice a week (Tuesdays & Thursdays) on a rolling basis as students complete unsatisfied requirements throughout the semester.
  • Student loans will be reviewed and prorated if enrolled less than full-time prior to disbursement.
  • Active enrollment definition
    • Students enrolled full-time in Term 1 only or Term 8A only courses or a combination of enrolled courses in Term 1, 8A, or 8B at the start of the semester will be considered active and will be prioritized for disbursement.
    • Students enrolled full-time in Term 8B only courses will not have aid disbursed until the start of the 8B term which is when the term becomes active (see Academic Calendar for dates).
    • Students enrolled part-time in Term 8B only will have loans subject to proration and disbursed after the 100% drop period end date.

Financial Aid Eligibility Per Enrollment

Less Than Half-Time
Half-Time
Three-Quarter Time
Full-Time
<= 5 credits 6 credits 7-11 credits >= 12 credits
Federal Loans
 N/A ✓ ✓ ✓
Federal Grants
 ✓ ✓ ✓ ✓
Institutional Grants & Scholarships
 N/A N/A N/A ✓

*All institutional grants & scholarships require full-time enrollment.

*Certain federal grants such as the SEOG Grant & TEACH Grant require full-time enrollment and are not prorated if eligible.

*The Federal Nursing Loan requires full-time enrollment and is not prorated if eligible.

*The Federal Subsidized & Unsubsidized Loans and the Federal Pell Grant are subjected to proration. 

Less Than Half-Time
Half-Time
Three-Quarter Time
Full-Time
<= 5 credits 6 credits 7-8 credits >= 9 credits
Federal Loans
 N/A ✓ ✓ ✓
Federal Grants
 N/A N/A N/A ✓
Institutional Grants & Scholarships
 N/A N/A N/A ✓

*All institutional grants & scholarships require full-time enrollment.

*Certain federal grants such as the TEACH Grant require full-time enrollment and are not prorated if eligible.

*The Federal Unsubsidized Loan & Graduate PLUS Loan (if eligible) is subjected to proration.