Wednesday – September 20, 2017

Dates of Importance

 

Financial Aid Calendar – Fall/Spring

Activity Fall Semester Spring Semester
FA Priority Processing Date June 1, 2017 October 1, 2017
1st Payment Due July 27, 2017 TBA
Bookstore Deferments Available August 14, 2017 January 2, 2018
1st Day of Term August 28, 2017 January 16, 2018
2nd Payment Plan due September 11, 2017 TBA
3rd Payment Plan due October 5, 2017 TBA
4th Payment Plan due November 2, 2017 TBA
Last Date to Purchase Books on Deferment September 21, 2017 February 15, 2018
Financial Aid Census Date September 25, 2017 February 12, 2018
Grants/Scholarships October 6,  2017 February 23, 2018
1st All Borrowers Loan Refunds Deposited/Mailed October 6, 2017 February 23, 2018
2nd All Borrowers Loan Refunds Deposited/Mailed November 3, 2017 March 23, 2018
 1st Loan  (non-first time borrowers) Summer Refunds Deposited/Mailed NA NA
2nd Loan (non-first time borrowers) Summer Refunds Deposited/Mailed NA NA
Semester Midpoint October 25, 2017 March 18, 2018
1st Time Borrower 1st Loan Summer Refunds Deposited/Mailed NA NA
1st Time Borrower 2nd Loan Summer Refunds Deposited/Mailed NA NA
Last Day of the Term December 22, 2017 May 18, 2018
End of 60% of the Term November 5, 2017 March 24, 2018

* Dates are subject to change

 

Note: Federal regulations - student loan disbursements
*One semester loans must be disbursed in two equal disbursements

Financial Aid Census Date

Financial aid payments will be disbursed based on the number of credits that you are enrolled in on the census date. After this date, adjustments will not be made if you add credits. You are highly encouraged to register for all classes for the semester prior to the census date as no award adjustments will be made after the census date. Your financial aid award will be recalculated for any class(es) that are recorded as "dropped" (D/DI) or "withdrawn" (W) and the reason is " never attended". You may be required to repay the financial aid that you receive if you drop a class(es), your instructor drops your class(es), you never attend a class(es) and/or if you discontinue attending a class(es). Students are advised to confirm their enrollment status in each of their courses prior to the financial aid census date.

Financial Aid End of the 60% Period

If you withdraw or your instructor withdraws you from all of your classes before this date, you may be required to repay a portion of the financial aid funds you received. Total withdrawal after this date will not require repayment, unless the withdrawal reason was "never attended" or the last date the instructor reports you attended the course was prior to the financial aid census date or prior to the end of the 60% period.

Financial Aid Disbursements

Initial grants, scholarships and loan disbursements are made as indicated in the above schedule. Any funds that are remaining after all your charges have been paid will be refunded to you. If financial aid does not cover the entire amount owed to MATC, you are responsible to pay any remaining balance. If you have a prior academic year outstanding balance, only $200.00 can be deducted from your current academic year refund. Please pay any remaining outstanding balances immediately.

 

Revised 7/6/17