Financial Aid Policies
Disbursement Policy
- Financial aid is typically split evenly between the Fall and Spring semesters. Students who begin in Spring or enroll only in Summer may receive aid for that single term.
- Financial aid must be used for the term in which it is awarded. Spring aid cannot be applied to Fall charges under any circumstances.
- Financial aid is generally disbursed in a single payment per term. Additional or newly awarded aid is disbursed on a weekly basis (typically Wednesdays), provided all eligibility requirements are met, including enrollment and account status.
- Certain types of aid may be delayed until after the census date to ensure enrollment is finalized and to prevent adjustments due to changes in course registration.
- Financial aid must be disbursed within the student’s period of enrollment. Awards that are not disbursed within the intended term cannot be carried forward or applied to a future semester.
Learn more about Receiving Your Financial Aid
Satisfactory Academic Progress
To continue receiving financial aid, students must meet Satisfactory Academic Progress (SAP) standards, including GPA, completion rate, and maximum timeframe.
Learn more about SAP Standards and Appeals
Withdrawal: Refunds and Return of Aid
Withdrawing from all courses can significantly impact your financial aid and may result in a balance owed.