Financial Aid disbursements

 

           
     

Pell and Loan Disbursement INFORMATION

Financial aid program disbursements are applied to tuition and fee charges on student accounts at the beginning of each semester. Other charges on the student's account are the responsibility of the student. For applications received after the semester begins, disbursements will be made upon file completion; verification, if required; and eligibility of the student for disbursement. Eligibility of the student depends on enrollment status, Satisfactory Academic Progress, eligible program of study, high school diploma or equivalency, etc. 

Remaining funds will be issued to students within 14 days of the disbursement to cover other educational-related expenses. 

First time borrowers from the William D. Ford Federal Direct Loan Program are required to complete an Entrance Counseling (EC) at www.studentloans.gov and a Master Promissory Note (MPN) at www.studentloans.gov prior to disbursement of funds.

 

Students Who Fail to Attend Class (“No Show”)

Students are required to attend class to be considered eligible for financial aid disbursements. Credit hours for courses in which a student has been reported as a “no show” will not be counted in enrollment status for financial aid disbursements.

Credit Hours Included in Financial Aid Disbursements

Per federal regulations and FTCC policy, students must register for classes during the appropriate drop/add period for each course. Charges on the student account for courses registered after the appropriate drop/add period are the sole responsibility of the student.

 

Courses Taken for Audit Status

Credit hours taken for a grade of “audit” do not apply toward an associate degree or certificate program. Therefore, credit hours with this designation are not included in determining enrollment status for financial aid disbursements or Satisfactory Academic Progress.

 

PELL AND LOAN DISBURSEMENT DATES
 

 

DISBURSEMENT DATES FOR SUMMER 2013

June 14, 2013

Pell and Loans

June 27, 2013

Pell and Loans for 1st time borrowers

July 24, 2013
*ALL federal loans must be made in two disbursements.*

Students enrolled in classes that were awarded late, may receive their disbursements on one of the dates listed above. To see if you are scheduled to receive a disbursement, please check your WebAdvisor Account.

 

The dates listed above are only TENTATIVE DATES provided by The Office of Business and Finance.

 

This page is maintained by Financial Aid: finaid@faytehcc.edu Revised: March 14, 2013