Disbursements

Financial aid funds must first be used to pay tuition and fees and then any other educational expenses. As a reminder of their financial responsibility, LCCC’s Student Accounts Office distributes paper and email bills to students approximately three times per term that reflect current and past due charges. Fees are due by the tuition due date and taking care of the balance due is the student’s responsibility. Since students can see their balance due in MyCampus, “not receiving a bill” is not an excuse for not paying your charges. Contact Student Accounts at (440) 366-4045 or bursar@lorainccc.edu with any questions regarding your bill.

Enrollment and eligibility are monitored on an ongoing basis throughout the semester. Aid that was initially credited to the student’s account for which the student ceases to be eligible may be returned and the student will be required to repay it. Students must commence attendance in their courses to maintain eligibility for aid.  Students not attending courses for which they registered must withdraw from the courses online via Canvas. Withdrawing from courses is the responsibility of the student. If Student Financial Aid is notified after disbursement that a student has not commenced attendance, aid will be adjusted which could create a balance due to LCCC. Students with unpaid balances will receive a “Bursar’s Hold for Nonpayment,” and will be prevented from registering for future courses.  

If a student withdraws from all classes after federal aid disbursement, the funds may be reduced according to the Return of Title IV Funds calculation. If a student drops below six hours prior to the disbursement of a Federal Direct Loan, Federal Direct PLUS loan, NEALP and certain private alternative loans, the loan funds will not be disbursed to the student account. See Loan Disbursement Regulations for additional details about the disbursement of federal loans. Note that Pell grants are disbursed in full (starting during the 5th week of the term) for all classes where the student has commenced attendance. This means that Pell Grants for late-start courses cannot be disbursed until the student has commenced attendance in the late-start course(s).

Occasionally, due to changes in eligibility and other factors, funds are inadvertently disbursed in error. Should you receive financial aid funds to which you are not entitled, it is your responsibility to contact Student Financial Aid prior to utilizing the funds. Failure to do this may result in repayment of the incorrect award. 

Refunds

Financial aid funds are managed efficiently for the students who have commenced attendance and are earning their aid. Pell Grants and one-half of Direct Student Loans* that the students are eligible for that exceed the cost of tuition, fees and any bookstore charges will post to the students’ account during the fifth week of the semester pending confirmation of the commencement of attendance. The second disbursement for Direct Student Loans occurs during the 10th week of the semester pending at least 6 credit hours of successful mid-term grades. Final grades of F, W or U, or a midterm/final grade of FAW will not be counted towards the total hours for the minimum 6 credit hour disbursement requirement. Specific disbursement dates are available here. Note: during the summer term, there is only one disbursement date, and it is on or around July 1st each summer.

Refunds are processed by Student Accounts shortly after disbursement. Refund checks are mailed by Student Accounts to the student’s official mailing address listed in MyCampus. Refunds are NOT processed through Student Financial Aid.

*Direct Student Loans require half-time attendance. See Loan Disbursement Regulations for additional details.

Books

If a student has completed all required financial aid steps and has pending excess aid (tuition/fees are covered and there is a financial aid refund expected), the student will be able to purchase books and supplies from Commodore Books & More on credit against his pending aid for a portion of time prior to the start of each semester. (See “Important Dates.”) Students are limited to the lessor of $1,000 or the amount of their pending excess financial aid funds. A student must provide his LCCC ID with the correct seven digit ID number to purchase books using his pending excess aid. Students may purchase more than the amount available; however, they must pay the difference at the time of purchase using cash, check or credit card. Click here for additional information. If a student chooses to purchase books from a source other than the LCCC Bookstore, the student must use another payment method until his refund is available.​