Financial Aid Calendar - Summer 2013 through Spring 2014
|FA Priority Processing Date
|1st Payment Due
|Bookstore Deferments Available
|1st Day of Term
|2nd Payment Plan Due
|3rd Payment Plan Due
|4th Payment Plan Due
|Last Day to Purchase Books on Deferment
|Book Deferments Due to Student Accounts
|Financial Aid Census Date
|Initial Balance FA Grant/Scholarship Checks Mailed
|Initial Balance FA Loans Mailed
|Last Day of Term
|End of 60% of the Term
* Dates are subject to change
Note: Federal regulations regarding student loan disbursements
- If you are receiving a one-semester loan, your loan 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 Your financial aid award will be recalculated for any class(es) that are recorded as "dropped" (D/DI) or "withdrawn" (W) and the reason is "never attended".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 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.