Disbursement of Federal Family Educational Loan Program loans

80% of FFELP loans are processed through Great Lakes Higher Education Corporation (GLHEC).

  • Most Wisconsin banks use GLHEC to process their FFELP loans.
  • Access to the GLHEC web page enables borrowers to independently view their FFELP loan status.

FFELP loans processed through GLHEC

  • Are received electronically and disbursed directly onto student's Tuition Account.

FFELP loans not processed through GLHEC

  • Are received as a physical check payable to the student.
     
  • The Bursar's Office contacts students - generally by email - to come to 333 East Campus Mall #10501, and endorse the check.
     
  • The check is then applied to the student's Tuition Account.
     
  • If there are no charges to pay, or the amount of aid is greater than the amount of charges, the excess is refunded to the student.
    • Refund checks are mailed to student's active 'mailing' address.
    • If there is no active mailing address, the system will use an active 'home' address.
    • If neither address exists, a refund cannot be processed until the student updates addresses on the http://my.wisc.edu website.

Disbursement procedures for different types of financial aid: