In plain English
This is the planned day for the money to go out. In this sense, financial aid funds are scheduled to be released for payment.
In context
Here, it labels the scheduled date when the aid funds are to be released or paid out.
- Situation
- Applying for admission, scholarships, financial aid, and following decision status
- What it communicates
- labels the scheduled date for aid funds in the portal
Meaning limits
The term by itself does not say whether the money has already reached the recipient.
Examples
“Her disbursement date was Monday, but the money did not reach her account until Thursday.”
“The financial aid office set the disbursement date for 15 January.”