What does this mean? disbursement?

Answers:0   |   LastUpdateAt:2012-11-05 20:20:34  

Jason P
Asked at
I got a email from my school and this is what it said. I dont know what it means?

Dear Ashley,

Your Unsubsidized Stafford Loan in the amount of $$$$$ disbursed to your student account on 3/11/2010. If this disbursement results in a credit on your account, a check/ACH deposit will be sent to you within 14 business days. Please note that you may cancel any or all of this disbursement by submitting a written request to the Student Finance Office on your campus by 4/15/2010.

What does disbursement mean? is that good or bad? Do i want to cancle this disbursement? i dont get it?

DeVry Student Finance Services

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