When Financial Aid Is Paid

If your tuition and fees are paid, and your financial aid award is greater than the amount of your tuition and fees paid, this will result in a credit balance on your student account. This credit balance will be available for you to use at the Follett Bookstore and/or as a credit balance refund check.

The earliest date your credit balance refund check could be available to you is 6 weeks after the start of the semester. Disbursement dates can vary based on your class start dates. Please see below the credit balance refund dates for students who are attending classes starting the first week of the semester.

Students must meet class attendance standards before federal financial aid disburses to their account. Class attendance standards include participation as defined by each instructor.
 

For classes with different start dates: Financial aid funds will not disburse until a minimum of two weeks after the start date of the class and following determination of student meeting class attendance standards.
 

2016-2017 Academic Year

 

Semester:  Fall 2016
Class Start Date:  August 29, 2016
First Credit Balance Refund Check Sent to Student:  Friday, October 7, 2016

Loans:
1st Disbursement posted to student’s account (first half of loan award minus loan fees):
– Friday, October 7, 2016
2nd Disbursement posted to student’s account (second half of loan award minus loan fees):
– Friday, October 21, 2016

(The above dates apply if class attendance standards have been met for at least 6 credit hours)

 

Semester:  Winter 2017
Class Start Date:  January 9, 2017
First Credit Balance Refund Check sent to student:  Friday, February 17, 2017

Loans:
1st Disbursement posted to student’s account (first half of loan award minus loan fees):
– Friday, February 17, 2017
2nd Disbursement posted to student’s account (second half of loan award minus loan fees):
– Friday, March 3, 2017

(The above dates apply if class attendance standards have been met for at least 6 credit hours)

 

Semester:  Summer 2017
Class Start Date:  May 15, 2017
First Credit Balance Refund Check Sent to Student:  Thursday, June 22, 2017

Loans:
1st Disbursement posted to student’s account (first half of loan award minus loan fees):
– Thursday, June 22, 2017
2nd Disbursement posted to student’s account (second half of loan award minus loan fees):
– Thursday, July 6, 2017

(The above dates apply if class attendance standards have been met for at least 6 credit hours)

 

Note: Please be informed your financial aid credit balance refund check will be mailed to your current address on file with the GOCC Registration Office.