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As of August 14, 2026, Maestro College no longer accepts new federal loan requests, and will stop providing loans on October 13, 2026. If you already have a loan approved and originated, processing continues and the information below applies to you. Loans you've already received are not affected — they stay a normal federal loan on their existing terms. Read the full update.

This guide covers eligibility and fund release for federal student loans that were requested before August 14, 2026.

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Who’s eligible for federal student loans

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If you’re eligible for the Maestro scholarship, your tuition is fully covered through a last-dollar scholarship — meaning you don’t need any loans to pay for your studies.

Federal student loans were previously available to help with other costs like housing or transportation. As of August 14, 2026, Maestro College no longer accepts new loan requests.

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To remain eligible for disbursement of an existing loan, you must continue to meet the U.S. Department of Education's basic eligibility requirements. The requirements are:

• U.S. citizenship or eligible non-citizen
• Valid Social Security number
• Enrollment in at least half-time in an eligible degree program
• Satisfactory Academic Progress (SAP) as defined by federal regulations
• Clean federal loan and grant record (no defaults or overpayments)
• Completed the FAFSA for the current academic year

You can review full eligibility details on the official Federal Student Aid website.

Delivery options

Maestro currently disburses loan funds via bank transfers.

When loan funds are released (Disbursement schedule)

Federal student loans are disbursed three times per academic year—once at the beginning of each term, following a two-week attendance verification period. Disbursement timing may vary depending on individual eligibility, program start dates, and enrollment status.

After Maestro verifies that you meet all federal eligibility requirements, such as maintaining Satisfactory Academic Progress (SAP), your federal financial aid is disbursed to your account. This verification process ensures that your aid is compliant with federal regulations. and can continue as long as you remain eligible. Because of Maestro College's HCM2 status, loan disbursements are currently slower than usual, and no loans will be provided for periods beginning after October 13, 2026. A disbursement that is not processed by the Department of Education is money you never borrowed — you won't owe funds you didn't receive.

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Important Financial Aid Notice:

Maestro College recently received notification from the U.S. Department of Education that the institution has been placed on Heightened Cash Monitoring 2 (HCM2), an oversight and reimbursement funding method used by the Department for certain institutions participating in the federal student aid programs.

This process increases the level of federal review associated with financial aid transactions.

What This Means for Students:

• Federal Pell Grants and other Title IV aid programs remain available to eligible students, and your tuition is not affected.
• Maestro College has withdrawn from the Federal Direct Loan Program: no new loan requests have been accepted since August 14, 2026, and no loans will be provided for periods beginning after October 13, 2026.
• Additional processing and documentation requirements may result in longer timelines for financial aid disbursements and refunds, including loans that were already approved and originated, than students may have previously experienced.
• Students may be asked to provide additional documentation if required for compliance purposes.

Maestro College continues to work diligently with the U.S. Department of Education and its third-party servicers to process financial aid as efficiently as possible while complying with all federal requirements.

Students are encouraged to monitor their email and financial aid communications regularly and to submit any requested documentation promptly to avoid delays.

Questions regarding financial aid may be directed to the Financial Aid Office through the Student Services ticketing system.

Thank you for your patience and understanding as we work through these additional federal requirements.

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