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DISBURSEMENT POLICY
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.
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Costs and Fees
Financial Aid/ Scholarships
How to Apply
Disbursement Policy
Refunds and Return of Title IV Aid Policy
Satisfactory Academic Progress
FAQs |
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Disbursement for Students in the Day Program
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. The tuition scholarship will not be disbursed until the 60% point in the semester. If the scholarship disbursement results in a credit balance on your account, you will be issued a refund check. Outside scholarships and church gifts will be credited to your account as they are received. Please note that you must have remained a full-time student up to the required point in the semester to receive the tuition scholarship. If you withdrew from classes (or were administratively withdrawn) and it resulted in your being less than full time, you will not receive the scholarship. If the scholarship disbursement results in a credit balance on your account, you will be issued a refund check.
Disbursement for Students in the AIM Program
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 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. The tuition scholarship will not be disbursed until the 75% point in the semester. Please note that you must have remained a full-time student up to the required point in the semester to receive the tuition scholarship. If you withdrew from classes (or were administratively withdrawn) and it resulted in your being less than full time, you will not receive the scholarship. If the scholarship disbursement results in a credit balance on your account, you will be issued a refund check.
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