Post-Withdrawal Disbursements (PWD)
If a student has “earned” funds, according to the Return of Title IV Funds calculation, that have not yet disbursed, the student may be due a Post-Withdrawal Disbursement (PWD). All students who are eligible for a PWD will be notified in writing to their official Naropa student email address.
Naropa University may automatically use all or a portion of a student’s Post-Withdrawal Disbursement of federal grant funds (Pell and SEOG) to cover remaining educationally related expenses. If there is a remainder of “earned” funds (credit balance) after the educational related expenses have been covered, the school will make a direct disbursement of these funds to the student within fourteen days of the date the credit balance occurred.
If the Post-Withdrawal Disbursement includes federal loans funds, Naropa University must receive permission from the student before it can disburse them. The student has fourteen days from the date of the official PWD notification to accept/decline some or all of the loan funds. If a response is not received within this time frame, the PWD loan disbursement will not be made.
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