Loan Disbursement Information - How to Receive Your Student Loan Proceeds

You will receive an email to your Cooley account from the Financial Aid Department when student loans have disbursed on your behalf. Loan proceeds should be available in your bank account the day after you receive the email notification from Financial Aid.

Check Pick-up

You will receive an email to your Cooley account from the Financial Aid Department when student loans have disbursed on your behalf. Click your appropriate campus location below as to how to receive your student loan proceeds via paper check.

Lansing
Auburn Hills
Grand Rapids
Ann Arbor

Loan proceeds are available for pick up at the Business Office. Business Office hours are Monday, Tuesday, Thursday, and Friday 9 a.m. to 5 p.m., and Wednesday 9 a.m. to 12:30 p.m. If you would like your check mailed to you, contact the Business Office at businessoffice@cooley.edu or (517) 371-5140, ext 2204 or 2206.

Please wait for a second email from the Student Services Office confirming that your loan proceeds/check is available for you to pick up. Your check can be picked up Monday – Friday, 8 a.m. to 6 p.m., and Saturday 10 a.m. to 2 p.m. at the Student Services Office, Room 211. You may also request to have your check mailed to you by contacting a campus representative at (248) 751-7800.

Please wait for a second email from the Student Services Office confirming that your loan proceeds/check is available for you to pick up. Your check can be picked up Monday 9 a.m. to 6 p.m., and Tuesday – Friday 9 a.m. to 5 p.m. at the Student Services Office. You may also request to have your check mailed to you by contacting a campus representative at simonst@cooley.edu.

Please wait for a second email from Tiffany Doucet, Administrative Assistant to Student Services, confirming that your loan proceeds/check is available for you to pick up. Your check can be picked up Monday - Friday from 9 a.m. to 5 p.m. in the Student Services Wing on the first floor. You may also request to have your check mailed to you by contacting (734) 372-4900, ext. 8974. Thank you.

Helpful hints to avoid disbursement issues

1. Plan your personal budget accordingly

Plan one month ahead in your personal budget, please budget accordingly. There is no guarantee that your refund proceeds will be available on a specific date. Disbursement dates are estimated.

2. Review your financial aid

Please review your financial aid after registration to insure that your loans are processed on the appropriate number of credits that you will be enrolled in. The Financial Aid Office does NOT automatically make changes to your award to reflect an increase in credits each term. For example, if you are increasing and from 9 credits to 12 credits the following term, please notify the Financial Aid Office via email finaid@cooley.edu.

3. Use direct deposit

We encourage you to complete a direct deposit form. Direct deposit of your loan proceeds will make funds more readily available to you. This will also help in obtaining your funds in a timely matter, especially if you are in an externship or study abroad term. Direct Deposit Form [pdf]

4. Pending aid is not reflected in the Portal

Your 'Billing Statement' student billing account located in the Portal does NOT reflect any pending financial aid. For questions regarding your billing statement, contact the Business Office. You may call or email businessoffice@cooley.edu. For questions regarding your financial aid, you may view your awards on the student portal.

PLEASE NOTE: Refund checks left at the school for more than 14 days will be mailed to your current address on file with the Registrar's Office.

How to Receive Your Student Loan Proceeds

All students will receive an email to their Cooley account from the Financial Aid Department when student loans have disbursed on your behalf.

Direct Deposit