Financial Aid Disbursement

The annual amount of financial aid (scholarships, grants and loans) is divided so that half of the award is disbursed for the fall semester and the remaining half is disbursed for the spring semester. Financial aid for students who enroll only for the spring and summer semesters and have eligibility is disbursed so that the students receive half for the spring and half for the summer.

The College is required to review each student's enrollment and other eligibility criteria on the day that aid is disbursed to determine if the student is still eligible to receive the assistance. For example, a student who was awarded a loan based upon her credits at census date will not be eligible for the funds if she has dropped below six eligible credits on or before the date the loan is disbursed. Students who are considering dropping or withdrawing from a class or classes should meet with a financial aid counselor before doing so.