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Credit balances related to Title IV funds are always prioritized for refund processing, except that, as noted above, the College will hold credit balances in a student's account across terms within the same award year if the student or parent borrower for Parent Plus Loans recipients provides prior written authorization. If a student withdraws during a term, federal regulations require the Financial Aid Office to apply a formula established by the U. Department of Education to determine the amount of federal financial aid earned as of the official withdrawal date from the college.
For a more detailed explanation click here. The amount of federal financial aid is determined by the percentage of time spent in academic attendance and has no ties to the institutional charges you may have incurred. After the calculation is completed, the Financial Aid Office will notify the student and Bursar of the amount the student earned for the term.
If funds needs to be returned, it may create an outstanding balance on the student's account with Bursar. The student will be responsible for any outstanding balance when funds are returned to federal programs. If you are a graduate student , you must have 5 or more credits to receive loans, 9 to receive grants. Financial Aid Office : or finaid prescott. Financial Aid The "disbursement date" is the earliest possible date funds may be applied to your student account.
Aid is released no sooner than the first course session for which a student is enrolled. Related Resources. Private Loans for Education. Repaying Your Loans. IGoTo Prescott College. Facebook Twitter instagram. Search Search.
The late start courses also have a census date, at which time we will evaluate Pell grant eligibility. If you are getting a grant: The amount of grant money you receive will be determined by your Expected Family Contribution and your enrollment status — either full-time 12 or more units , three-quarter time nine to If you are getting a loan: You must be enrolled in at least six units to receive loan funds. For more information: Visit the Federal Student Aid website. What happens after I'm awarded financial aid?
How do I maintain my eligibility for aid? Who should I contact for more information? When does my money arrive? Spring Quarter Friday, April 8th, Friday, May 20th, Direct Loan first-time borrowers will see a day delay in the release of their first loan disbursement. In order for this to occur You must be approved for and awarded Financial Aid. Got Questions? How much does college cost? What types of financial aid are available? How do I apply for financial aid?
What if I'm undocumented? Where can I find the forms I need? Baldwin Winery building FinancialAid deanza. What is a disbursement? When financial aid funds liquidate or convert into a payment towards student accounts. This is not the date refunds will be available on your selected refund preference with BankMobile Disbursements. What is a refund? After financial aid has disbursed and a student's account balance has been paid in full, if remaining funds are available, students will receive a refund.
Refunds are made available on a weekly basis, but subject to change due to bank holidays, etc. Watch your Apache Access traffic lights to see when your refund will process. Fall - All grants; loans for non-first-time borrowers: mid-September Loans for first-time borrowers: late September Spring - All grants; loans for non-first-time borrowers: early February Loans for first-time borrowers: mid to late February Fall Disbursement Dates: week refunds begin September 14, First 8-week refunds begin October 29, Initial Refund Date: Refunds for Fall begin September 15, — The refunds on this date do not include scholarships or state grants.
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. Financial Aid Refund Dates ; Friday, February 25; Friday, March 11; Tuesday, March 29; Tuesday, April 12; Tuesday, May 24 ; Tuesday, June 14; Thursday, July 7.