Disbursement Information

Adler University Chicago Campus

An advanced degree is an investment
in yourself—and your future.

Financial Aid Disbursement Information

Refund Options
Students are encouraged to authorize the Office of Student Accounts to directly deposit refund checks to a bank account. Please contact the Office of Student Accounts for information about signing up for direct deposit at 312.662.4407 or via email. Students who choose not to sign up for direct deposit will have their refund issued by paper check via the U.S. Postal Service.

Timing of Disbursements and Refunds to Students
In order for students to receive financial aid disbursements in a timely manner, we strongly recommend that financial aid recipients finalize course registration at least two weeks prior to the start of a term. Students may add or drop courses after their financial aid has disbursed. Dropped courses may result in a reduction in overall funding for the term. If a loan increase is required, students may request an increase via the Financial Aid Self-Service portal.

  • Students attending the Chicago or Vancouver Campuses, and Online Campus students beginning on or after August 2017, are on a standard, semester-based term. Loans can be disbursed up to 10 days prior to the start of the term (assuming the student has completed all required steps to have their aid funds disburse).
  • Students attending the Online Campus who began before August 2017 are on a non-standardized, 32-week term consisting of four eight-week classes. Loans can be disbursed up to 10 days prior to the start of the term (assuming the student has completed all required steps to have their aid funds disburse).

Students who have financial aid in excess of their charges for the term will be issued a refund. In general, refunds are issued within 14 days of the credit being created on the student’s tuition account or the first day of the term, whichever is later.

The following refund schedule applies for funds released prior to/on the beginning of a term:

Campus First Week Second Week
Chicago or Vancouver Campus Students Up to $2,000 released within first 7 days of term** Refund amounts in excess of the amount issued in first week released within 14 days of term**
Online Campus Students Up to $500 released within first 7 days of term** Refund amounts in excess of the amount issued in first week released within 14 days of term**

**Assuming the student has completed all requirements to have their aid released.

Loan Changes

  • Students are able to request loan increases throughout the term via the Financial Aid Self-Service portal. Once the term has ended, a limitation may be placed on requesting an increase for that term. Please contact the Office of Financial Aid via email or by phone at 844.459.3710 for more information.
  • Students are able to request a loan reduction through the Office of Financial Aid at any time before the term begins, or within 120 days of the loan disbursement date. Reductions within this window are considered cancellations, meaning the loan is reversed in full (including any accumulated interest on the cancelled portion).
  • Students who wish to reduce a disbursed amount after 120 days of the disbursement date should make a payment directly to their loan servicer. Note: Returned amounts after 120 days are considered "payments," meaning all accumulated interest will remain on the loan prior to the payment being applied.