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Disbursement Policy

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Financial aid will not be disbursed until you have begun attendance for the semester.  By “disbursement” is meant application to your school account of financial aid funds.  If, after all disbursements have been made, there is a credit balance on your account, you will receive a “refund.”   This refund will be a check written to you and sent to your school mailbox. Details of this policy will also be sent to you with your financial aid award letter.


Disbursement for Students in the Day & Evening Programs

 

 

 

No financial aid will be disbursed until the end of the drop-add period each semester (usually at the end of the second week of the semester). After that, your federal grants and student loan funds will be disbursed to your account. If there is a credit balance at that time, you will be issued a refund check. Outside scholarships and church gifts will be credited to your account as they are received.


Disbursement for Students in the Extension Program

No financial aid will be disbursed until your attendance has been established (usually at the end of the second week of the semester). After that, your federal grants and one half of your semester student loan funds will be disbursed to your account. If this results in a credit balance on your account, a refund check will be issued. Halfway through the semester the second half of your student loan funds will be disbursed. If you have a credit balance on your account, you will receive a refund check.

 

 


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