This amount is the award amount disbursed (transferred) to the Business Office minus adjustments, such as loan processing fees.
The following table details the calculation of this amount:
|
Loan Amount |
Processing Fee Percentage |
Gross Award Amount |
Net Disbursement Amount |
|
$1,000 |
1% |
$1,000 |
$990 |
|
$1,000 |
4.5% |
$1,000 |
$955 |