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Policy on Disbursements

Policy on Disbursements

Financial Aid Awards

As soon as course attendance is confirmed each term, educational funding is disbursed into the student’s account. The student may qualify for a financial aid disbursement check if the student’s aid is greater than the total tuition, fees, and bookstore charges for the term.

Bookstore Advance

Pupils meet the criteria for the Bookstore Advance as much as $2,500 ahead of the start of the term, if their aid that is financial exceeds prices for tuition and costs. The Bookstore Advance enables pupils to acquire books and supplies ahead of the start of term during the Campus Bookstore. The Bookstore Advance is determined by subtracting tuition and costs through the quantity of authorized help up up to a maximum Bookstore Advance of $2,500.

Pupils may buy one laptop computer with the Bookstore Advance in their time at Piedmont Tech.

Disbursements

When a pupil’s educational funding is utilized in their account, in the event that level of the student’s educational funding exceeds tuition, charges, bookstore fees, along with other charges that are institutional the pupil account, the pupil is eligible to a disbursement check. Pupils will have to plan ahead for any other expenses such as for example lease, transport and youngster care through to the financial help always check disbursement dates.

Funds and Scholarships are compensated in one single disbursement. Start to see the times noted on the website in the Student Handbook and Calendar as well as on the pupil calendar.

Pupil Benefits:

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  • Provides funds for publications and supplies ahead of the beginning of the term.
  • Assists with budgeting and preparation when it comes to term that is entire.
  • Increases pupil success.
  • Decreases the total amount of education loan defaults.
  • Ensures educational funding is predicated on real enrollment.
  • Meets federal aid that is financial requirements.
  • Saves university resources to keep tuition low.

Disbursement Advance

A disbursement advance is a cash loan against an expected educational funding reimbursement and it is meant to help students meet their short term monetary requirements. Disbursement advance demands can be found and then pupils getting adequate aid that is financial produce a credit stability after tuition and costs are compensated. The most refund advance is $1,000 per semester, to not ever meet or exceed the credit stability.

To be able to request a disbursement advance you have to:

  1. Complete all school funding requirements and now have a pending credit stability placed on your bank account by thirty days before the begin of classes. As a result of processing time, pupils will need to have all aid that is financial, including loan requests, submitted 45 days before the begin of classes.
  2. Sign up to your continuing business Office 1 month ahead of the beginning of classes. Application is found in Pathway.
  3. Enter at half time that is least (6 credit hours) for the future semester by thirty days ahead of the beginning of classes.
  4. Be conference Satisfactory Academic Progress. Students that have an authorized appeal qualify for the disbursement advance.