One Term Loans - Disbursement in Two Parts

From: Kohlbeck, Teresa M. (TMKOHLBECK@stthomas.edu)
Date: Tue Jan 07 2003 - 09:55:07 EST

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    This past fall, the rules for disbursement of "one-term only" loans changed
    requiring the loan be disbursed in two parts - one at the beginning of the
    term and one at the mid-point. At the University of St. Thomas, we access a
    finance charge to any unpaid balance, and therefore, with the delayed
    disbursement we are trying to decide what to do regarding the finance charge
    that will be assessed. How are others handling this change? If you assess
    a finance charge, will you be reversing the portion of the charge that is
    related to the delayed loan? If not, how are you communicating this change
    and the affect to your students? All input is appreciated! Thank you.

    Teresa

    Teresa M. Kohlbeck
    Co-Director, Business Office
    University of St. Thomas
    (651) 962-6616
    tmkohlbeck@stthomas.edu

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