What is disbursement?

Your disbursement date is the day your school receives your funds and when your loan begins to accrue interest. Please check your MPOWER dashboard for the disbursement date of your funds. If the disbursement date has passed and you have not received your funds from your school, please contact your financial aid office. Note that it can take the financial aid office several business days to allocate the funds to your student account.

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DISCLAIMER - Subject to credit approval, loans are made by Bank of Lake Mills or MPOWER Financing, PBC. Bank of Lake Mills does not have an ownership interest in MPOWER Financing. Neither MPOWER Financing nor Bank of Lake Mills is affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. None of the information contained in this website constitutes a recommendation, solicitation or offer by MPOWER Financing or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.