financial aid refund disbursement dates
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Financial aid refund disbursement dates

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Before borrowing any federal student loans all students are required to complete entrance counseling and master promissory note loan agreement. This can be done online at studentaid. Students must enroll in at least six credit hours each semester, meet Standards of Satisfactory Academic Progress, and not have a previously defaulted loan s. Two loan disbursements are required for all federal direct loans and a day delay on first disbursements for first-time borrowers.

Federal regulations require that all Direct Loans subsidized, unsubsidized and PLUS must be disbursed in two disbursements based on your enrollment period. The first disbursement for first-time, first-year borrowers of subsidized and unsubsidized loans will be 30 days after the beginning of the first semester enrolled at least half-time.

Note: Students must maintain all eligibility requirements at the time of disbursement to receive FSA funding. The first disbursement can be made according to the disbursement schedule while the second disbursement will be made at the midpoint of the semester. Some students may not receive a refund after the first disbursement if all charges have not been paid, whereas other students may receive a partial refund followed by another refund later in the semester. Please keep this in mind when budgeting.

If for some unexpected reason a student drops below half-time enrollment fewer than 6 enrolled credits at the time that the second disbursement would occur, the second half of any student loans will be canceled. View Disbursement Dates. Please ensure that you keep your mailing address current within myNTC.

You then have to complete the following easy steps:. BankMobile Disbursements is the Northcentral Technical College refund management provider that gives students the capability to select a refund preference in order to receive financial aid refunds. BankMobile Disbursements Refund Information. If you are a first-time student newly matriculated into a program, who has applied for financial aid and enrolled in classes, you will be mailed a Refund Selection Kit from BankMobile Disbursements containing an instructional insert on how to make your refund preference selection.

You must have a U. If your scholarship funds exceed the cost of your tuition, fees, and on-campus housing balance, Student Accounting will issue a refund. There are several requirements you must meet for your aid to disburse. Make sure you do the following:.

This process can take several hours because we have millions of dollars to disburse. In certain situations, your aid may have been canceled due to a change in your award eligibility. Any class schedule changes may affect your tuition, fees, and on-campus housing balance. Monitor your MyUNT closely and take action to secure your classes. You can pay the difference in full out of pocket on MyUNT.

If you are unable to pay the full amount owed, you can enroll in an installment plan option by reviewing your holds through MyUNT. Pell Grants automatically disburse for students one business day after full-time enrollment is met. If you just registered for classes, give it a little more time for your award to disburse.

If you drop below full-time before the 12th class date, your Pell Grant will be prorated to match your new enrollment. If you will not be enrolled full-time, your award has to be manually reviewed and disbursed and this process can take up to two weeks. Pell Grants will be reviewed after the 12th class day to confirm attendance. If your professor s indicate that you have not attended class es , your Pell Grant will be prorated to match the number of classes that you have been attending.

The COA is the maximum financial aid available to assist you with educational expenses each term. Actual costs will vary depending on the number of actual credit hours taken, degree plan, residency, room and board choices, and personal expenses. See College Costs for a more detailed outline and explanation of costs.

You can monitor your refund status on MyUNT. If you did not receive a refund, cannot afford to purchase your books out of pocket at this time, or have not completed the financial aid process, you can contact Student Money Management Center to discuss the resources available to help pay for books.

UNT does not currently provide students with book vouchers. Spring financial aid may pay for both winter and spring charges. The winter 3W1 session is considered part of the spring term. Spring anticipated aid can be used to assist with securing winter session classes until financial aid is able to disburse. If spring anticipated aid is not enough to cover all charges from the winter session and spring, the student will be responsible for making payment arrangements for the difference.

Keep in mind, additional charges from taking winter session courses will reduce any anticipated spring refunds. The first spring disbursement date is scheduled for 10 days before spring classes start. Students will need to plan accordingly for purchasing textbooks for the winter session. As needed, Student Accounting will begin issuing refunds the week of January 7, The Winter Session is considered part of the Spring term.

Spring anticipated aid can be used to assist with securing Winter Session classes until financial aid is able to disburse. Students with enough anticipated aid posted for Spring to cover their entire balance due for the Winter Session will not be required to make payment.

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When Will I Get My Financial Aid?

Financial aid refunds are not released to students until after the official Date of Record (12 days after class start for a standard semester). Refunds for all types of financial aid will begin 30 days after the start of the semester. You will receive loan funds in two disbursements each semester. Financial aid funds will disburse to the student's account on or after the spring disbursement date. The first spring disbursement date is scheduled for 10 days.