Financial Aid funds will be requested from the Department of Education within 3 days after the end of the drop/add period each semester. When these funds are received and posted to the student’s account, the business office will send out a notification of the date and amounts posted, and when any credit balance due to students will be available. In addition, if loan funds are received, students will still have the option of either declining or reducing the amount of their loans within 14 days of that notice.
First Year, First Time Borrower “30-day Delay” —
For first-year, first time students who have never borrowed under the federal student loan programs, federal regulations require that the first disbursement of a loan cannot be disbursed earlier than 30 days after the start of classes.
Early Disbursement for Pell Grants and Books —
Students who are Pell Grant recipients, and whose total aid is in excess of the current semester’s charges, may use that balance to pay for required text books up to 10 days prior to the beginning of that semester.
2019 – 2020 Disbursement Schedule
Pell Available for Books 08/9/2019
First Day of Instruction 08/19/2019
Last Day to Add / Drop a Class 09/01/2019
Disbursement Date 09/05/2019
Excess Funds available to students 09/19/2019
Pell Available for Books 01/11/2020
First Day of Instruction 01/21/2020
Last Day to Add / Drop a Class 02/03/2020
Disbursement Date 02/07/2020
Excess Funds available to students 02/21/2020