Disbursement Overview: 

SAINT Director is an internet-based software system that provides real-time data on students and automates a number of critical tasks, including the disbursement and auto-posting processes.

When a student’s tentative budget is released in SAINT Director and academic records are received, a corresponding Disbursement record is automatically created. The disbursement record indicates the types of Title IV funds awarded as well as anticipated disbursement dates. The anticipated disbursement is placed on hold by SAINT Director until the Compliance Specialist reviews and clears the file. Once the file has been cleared, SAINT Director will automatically release the hold and generate a Confirmed Financial Notification and a Confirmed Budget. The SAINT Director system will also automatically schedule the necessary disbursements.

As scheduled disbursement dates arrive, the student’s enrollment data within SAINT Director—provided via either an academic extract transmitted from the college’s Student Information System (SIS) or updated in SAINT Director through the Demographics module—is used to determine the amount of each disbursement by funding source. SAINT Director will evaluate the enrollment data to determine if the active, withdrawn, or graduated student is eligible for disbursement.