Disbursement of Federal Financial Aid to the Student Account

Disbursement of aid is when the student's estimated federal financial aid award is released to the Bursar’s Office and applied to the student account.  At this point, the federal financial aid award is no longer considered estimated.  Provided the student meets all of the eligibility requirements for federal financial aid, disbursement begins on the 5th week of each term (fall and spring) for those sessions that have begun and for courses in which attendance has been reported by the class instructor.  Disbursement for late-starting sessions will not occur until after the course begins AND the instructor has reported the attendance in People Soft (LCCC’s campus wide software system). 

Disbursement for summer semester does not begin until Monday, May 21, 2012.  The initial batch of refund checks will be processed on/about June 8th and sent to the home address that you have on file with LCCC.  Please allow at least 7 business days for receipt.  You can also confirm on MyCampus (refund column) that your check has been generated.

A student’s financial aid file must be complete and all requested documents received and processed for disbursement of funds.  In addition, students must be meeting all other federal eligibility requirements including Satisfactory Academic Progress Standards (www.lorainccc.edu/Financial+Aid/AcademicProgress.htm).  Verification must be completed for those students who are randomly selected.  Students are encouraged to check their LCCC assigned email accounts and the “To Do” list in the student’s MyCampus page for required information and missing documents.

**Students must be registered for all classes by the 14th day (census date) of the full term in order to have Federal Grants cover their classes.  The census date for summer term, 2012 is Monday, Monday, June 4, 2012.