Policy on Disbursements

Financial Aid Awards

As soon as course attendance is verified each term, school funding is disbursed to your 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 a Bookstore Advance as much as $2,500 before the start of term, if their aid that is financial exceeds prices for tuition and charges. The Bookstore Advance will allow pupils to acquire publications and materials ahead of the start of the term in the Campus Bookstore. The Bookstore Advance is determined by speedyloan.net/reviews/moneytree subtracting tuition and charges through the number of authorized help up to and including optimum Bookstore Advance of $2,500.

Pupils may purchase one laptop computer utilizing the Bookstore Advance throughout their time at Piedmont Tech.

Disbursements

As soon as a student’s school funding is utilized in their account, in the event that level of the student’s school funding surpasses tuition, fees, bookstore costs, along with other charges that are institutional the pupil account, the pupil is eligible for a disbursement check. Pupils will have to prepare ahead for any other costs such as for example lease, transport and son or daughter care before the aid that is financial disbursement dates.

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

Pupil Advantages:

  • Provides funds for publications and materials ahead of the start of term.
  • Assists with budgeting and preparation when it comes to term that is entire.
  • Increases student success.
  • Decreases the actual quantity of education loan defaults.
  • Makes sure educational funding is according to real enrollment.
  • Matches federal aid that is financial demands.
  • Saves college resources to hold tuition low.

Disbursement Advance

A disbursement advance is a cash loan against an expected school funding reimbursement and is meant to help students meet their short term financial needs. Disbursement advance demands can be found simply to students getting adequate aid that is financial produce a credit balance after tuition and charges are compensated. The utmost refund advance is $1,000 per semester, to not meet or exceed the credit balance.

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

  1. Complete all financial aid needs and also a pending credit stability placed on your bank account by thirty days before the beginning of classes. Because of processing time, pupils must-have all aid that is financial, including loan requests, submitted 45 days ahead of the begin of classes.
  2. Fill out an application to your Business Office thirty days ahead of the beginning of classes. Application can be found in path.
  3. Enter at minimum half time (6 credit hours) for the upcoming semester by 1 month before the begin of classes.
  4. Be conference Satisfactory Academic Progress. Pupils that have an authorized appeal meet the criteria for a disbursement advance.