As a continuing CDIP Scholar, you are required to update your academic status annually (even if you are not borrowing money). While in the program, you will fall into one of two participant status categories: continuing eligible to borrow or continuing ineligible to borrow.
CONTINUING ELIGIBLE TO BORROW
Scholars who are in good standing and have remaining loan funds may withdraw up to $10,000 a year (maximum of $30,000 over the course of the program). The amount withdrawn will be split by the number of terms in the scholars’ academic year: 2 disbursements for a semester system or 3 disbursements for a quarter system.
What You Need To Do to Continue Participation:
Forms must reach our office by the date indicated below:
What I Need To Do If Requesting Funds
CONTINUING INELIGIBLE TO BORROW
Scholars who have withdrawn the full $30,000 (maximum allowed) are ineligible to borrow more funds. Scholars still must submit the following: