Financial Aid & Scholarships: Basic Information for 2012-2013
Awards and Basic Information
The Office of Financial Aid and Scholarships continues to process financial aid applications on a daily basis and will be awarding on a weekly basis records that meet the completed requirements.
Through this page and the various pages of our web site we will keep everyone abreast of the latest in the realm of financial aid.
Best wishes and look forward to a great academic year.
Maria del C. Ramos
Director, Office of Financial Aid & Scholarships
Disbursements for the 2012-2013 academic year
The earliest financial aid can be released is 10 days prior to the first day of classes for the semester. Below are the dates when we will start to release financial aid for those students meeting all financial aid requirements in the semester. The dates represent the when financial aid will start to be released to the Office of Student Accounts.
Fall 2012 semester: the process will start - August 17, 2012
Spring 2013 semester: the process will start - January 4, 2013
Summer I 2013 session: the process will start - May 24, 2013
Summer II 2013 session: the process will start - June 28, 2013
*Special Note for one semester only loans
Federal loan programs must always have two disbursements in any one loan period. The loan period is the first day of the semester through the last day of the semester. The 1st installment will occur no earlier than 10 days before the 1st class of the semester. The 2nd installment will occur after the midpoint of the loan period or the after the middle of the semester.
“When will refunds be available, if applicable?”
A credit balance on your student account indicates a potential refund. The Office of Student Accounts will process that refund and send it to you by direct deposit (if you have signed up for that option) or a check will be mailed to you. All refunds require several business days to process. When a refund entry appears on your student account, you should add at least five to seven working days to the refund date to get an estimated completion date. Delivery time to your bank account or mail address will vary. If you change your registration (add and/or drop courses) after your refund was released to you and a balance appears on your student account. You will need to pay the balance with proceeds of your refund.
