Financial Aid checks are disbursed twice during each fall and spring semester by the Business Office and once during the summer semester. To receive a disbursement refund, students must have a credit balance at the time of disbursement and have completed all required verification documentation, student loan processing documentation and have a finalized financial aid award.
Funds cannot be disbursed if the student is missing necessary documentation. Students are also required to have an “official” high school or high school equivalency transcript sent to the admissions office, which will be verified through the financial aid office, to finalize eligibility for financial aid.
Student’s that do not provide required documentation prior to the standard disbursement schedule, will have a modified disbursement schedule based upon completion of necessary documentation and verification.
Standard Semester Disbursement Schedule
|Grants & Scholarships||Fall||Spring|
|75% of the student’s award is posted to student account to pay educational expenses||4th Week of Semester||4th Week of Semester|
|25% of the student’s award is posted to student account to pay any new educational expenses||12th Week of Semester||12th Week of Semester|
|100% of the student’s award is posted to the student’s account||4th Week of Semester||4th Week of Semester|
|First time borrower 30 day wait period coincides with Mesalands regular disbursement schedule.|
Summer Semester Disbursement Schedule
|Grants, Scholarships & Student Loans||Summer|
|100% of the student’s award are posted to the student’s account to pay educational expenses||4th Week of Semester|
Post Withdrawal Disbursement
Students who wish to withdraw from classes after receiving financial aid may be entitled to a disbursement of their educational expenses. Recipients of Federal Title IV funds are subject to the Federal Return of Title IV Funds Policy. The calculation of the return of these funds may result in the student owing a balance to the College and/or the Federal Government. Once re-calculation is completed the student will be notified if a there is a refund or balance owed.