View important information regarding student loan and scholarship disbursements and how living expense refund funds are distributed each term.
At PCOM, students are charged for tuition and fees each term. Therefore student loans and other aid are divided into disbursements equal to the number of terms enrolled for the academic year.
Student loans and most other aid will electronically disburse toward students' PCOM tuition/fee charges on the first date of enrollment at the beginning of each term.
If you borrow more funds than tuition/fees, the PCOM Bursar Office will then release the remaining "living expense refund" funds to you 7-10 days after your first date of enrollment for the term. After PCOM processes your refund, allow 1-3 additional business days for your bank to deposit the funds into your bank account. If you are not signed up for direct deposit through the PCOM Bursar Office, please allow 3-5 business days for your refund check to arrive via postal mail from PCOM.
Vacation months do not count as a class or rotation for financial aid refund purposes. For example, if a third- or fourth-year DO student takes a vacation period at the beginning of a term, this will likely result in their disbursement and refund dates being pushed back to later in the term.
Individual students' disbursement and refund dates can vary by programs, years and individual student enrollment.
We highly recommend that PCOM students sign up for direct deposit through the PCOM Bursar Office. By signing up for direct deposit, your financial aid refund funds are paid directly to your bank account each term. Direct deposit is generally faster and more secure than receiving a paper check via postal mail.
PCOM's budgeting worksheets help graduate and medical students determine how much student loans to borrow for tuition and living expenses each term.
Note - Individual students’ disbursement and refund dates may vary by programs and course enrollment.
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