When Is Financial Aid Received?

Students may use their grant/scholarship award(s) to pay for registration of classes and purchase books for the term if the amount of the award is applicable to such costs. At the end of registration, any funds owed to the College for such costs will be deducted from the students' awards for the term. Once these deductions have been made by the Financial Services office, the balance of the grant awards will be disbursed to students as soon as possible after the end of the drop/add period to the student's PHSC Bank Mobile account. 

Students may request to sign a loan deferment to pay for registration of classes and purchase books for the term, provided the loan has been certified and guaranteed. Students receiving a federal loan receive their loan disbursement after the end of the drop/add period via their PHSC Bank Mobile account. Delays in distributing disbursements may occur due to the large number being processed. However, PHSC personnel will process the disbursements as rapidly as possible. First-time, first-year borrowers cannot receive the initial disbursement of their first loan until 30 days after the first day of classes in the term to which the initial disbursement applies (a federal mandate).

Work-study funds will be paid biweekly (based on hours worked) at the state minimum wage rate.