One-Term Basics
What is a one-term award?
A one-term award means that students only use federal student loans for 6 months, rather than 12, so loan disbursements are received 3 months apart.
Funding that does not follow a one-term disbursement schedule.
What is a Pell Grant?
Where can you see the one-term award in dashboard?
The disbursements channel
How often are the payments?
Here at WGU, we have 6-month terms, so loan disbursements are received once every 6 months.
When can a student expect excess funds in a one-term award?
Possibly not until the second disbursement.
What is the Department of Education site to use to view the academic end date?
In COD.
Why would a first-term student have a one
They have overlapping loans at a prior school.
Should a student on have a hold on their account?
No, due to the pending disbursement they should not be on hold.
How can you tell if a student has a one-term award, in the channel from the answer above?
The loans will show the second disbursement in the 4th month of the current term.
Why would a student have a one-term award when they are graduating?
They are graduating in the middle of an academic year.
How does the academic end date affect a one-term award?
The ‘Academic End Date’ is what Packaging would look at to see when Full Eligibility would be reinstated.
Where can you see if a student is in a one-term Award
What does a one-term award mean for students regarding their Financial Aid?
A one-term award means that students only use student loans for 6 months, rather than 12, so loan disbursements are received 3 months apart.
Although their Full Eligibility date may be set for the current or upcoming term, the student will not attain full eligibility until the following Academic Year.
How do you get to the pager page to see the academic end date?
What is the award information, award ID, Detail?