Electronic Funds Transfer
Loan approvals are sent electronically by the lender to SUNY Fredonia in two separate disbursements and will reflect the deduction of the 3 percent origination fee. The first disbursement normally arrives at the Office of Student Accounts one to two weeks after the loan approval during the academic year. The second disbursement is made at the midpoint of the loan period; the midpoint of the loan period occurs for the majority of students during the first two weeks of the spring semester.