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.
Fall and Spring Disbursement – 4th Week of Semester
Three-quarters or 75% of the student’s financial aid reward (Grants and scholarships) and 100% of Student Loans (if awarded) will be disbursed first to the student’s account, charges will be assessed (i.e. tuition, fees, bookstore charges, housing, etc.) with any credit amount to be disbursed to the student.
Fall and Spring Disbursement – 12th Week of Semester
The remaining quarter or 25% of the student’s financial aid award will be disbursed to the student’s account, new charges will be assessed (if applicable) with any remaining credit amount to be disbursed to the student.
Summer Disbursement – 4th Week of Semester
100% of the student’s financial aid reward (Grants, scholarships and/or loans) will be disbursed first to the student’s account, charges will be assessed (i.e. tuition, fees, bookstore charges, housing, etc.) with any credit amount to be disbursed to the student.
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.