Pending EFT loan disbursements are received at DMU on the requested dates.
| MSA (Year 1) | ||
|---|---|---|
| First billing scheduled: | Second billing scheduled: | |
| Lender disbursement date | August 7, 2013 | January 13, 2014 |
| Anticipated student refund date | August 14, 2013 | January 17, 2014 |
| Tuition due date | August 12, 2013 | January 13, 2014 |
| End of grace period | October 10, 2013 | March 13, 2014 |
| MSA (Year 2) | ||
| First billing scheduled: | Second billing scheduled: | |
| Lender disbursement date | June 11, 2013 | December 2, 2013 |
| Anticipated student refund date | June 13, 2013 | December 6, 2013 |
| Tuition due date | June 3, 2013 | December 2, 2013 |
| End of grace period | August 1, 2013 | January 30, 2014 |
Graduating students
| Graduation year tax credit | |
|---|---|
| To change lender disbursement dates above to this date, students must contact Financial Aid by November 11, 2013 | |
| Lender disbursement date | January 2, 2014 |
| Anticipated student refund date | January 8, 2014 |
| Tuition due date | December 2, 2013 |
| End of grace period | January 30, 2014 |
Graduating students may request to have the Second Half Billing loan disbursements arrive on January 2, 2014 rather than the scheduled lender disbursement dates, to take advantage of the Federal Lifetime Learning Tax Credit in the year of graduation. Please contact the Financial Aid office to request the change in lender disbursement dates. Review the “Graduation Year Tax Credit” column above for the new dates. DMU generates the 1098T form based on tuition due dates, so even though you request your second billing loan disbursements to arrive in 2014; your last 1098T will be for 2013. Information regarding the Lifetime Learning Tax Credit may be viewed in Publication 970 at www.irs.ustreas.gov/formspubs/index.html or please contact your tax advisor for additional details.