Advance Pay

Under the Advance Pay funding method, schools request cash through GAPS for estimated disbursements to students/borrowers within three business days. Schools may only drawdown cash up to the difference between the school’s Current Funding Level (CFL) and the amount of funds previously sent to the school for a given award year and program. The U.S. Treasury transmits funds to the school’s bank.

For more information see the following lesson:

DL Setup - Required


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