Financial Aid OfficeFederal Aid Disbursement Information:Beginning with the Summer 2011 semester, the Financial Office will change the process for counting classes for enrollment and disbursement for non standard term classes. These are classes that begin after the start of a semester and are normally the following: 2nd 8 weeks, late start, 2nd 5 weeks, etc. There are no changes for the regular 16 week classes! This changes two important things: how awards are calculated based on changes in enrollment and when monies are disbursed for classes that are in non standard terms. The new process allows students to add classes that start after the beginning of the semester and receive financial aid for those classes, if otherwise eligible. It will also remove financial aid from students that drop non standard classes during the refund period of the term. It also makes changes to when financial aid is disbursed to the student enrolled in non standard term classes. Disbursement will occur after the drop/add period has expired for each class. For example, a student has been awarded Pell and is enrolled in two three hour classes that are part of the last start non standard term and two three hour classes that are part of the 2nd eight term. One half of the Pell will disburse after the drop/add period is over for the late start classes and the other one half after the drop/add period is over for the 2nd eight week term. For student loans which require a minimum of six hours of enrollment, if the student is enrolled in a three hour 1st eight week class and a three hour 2nd eight week class, their loan will not disburse until after the drop/add period is over for the 2nd eight week class.
Refund Policy |