Saturday – July 23, 2016

Dates of Importance

Financial Aid Calendar - Summer 2016 through Spring 2017

Activity Summer Session Fall Semester Spring Semester
FA Priority Processing Date May 1,  2016 June 1, 2016 October 1, 2016
1st Payment Due May 26, 2016 July 28, 2016 January 3, 2017
Bookstore Deferments Available May 31, 2016 August 15, 2016 January 3, 2017
1st Day of Term June 13, 2016 August 29, 2016 January 17, 2017
2nd Payment Plan due June 16, 2016 September 8, 2016 February 9, 2017
3rd Payment Plan due July 7, 2016 October 6, 2016 March 9, 2017
4th Payment Plan due NA November 3, 2016 April 6, 2017
Last Date to Purchase Books on Deferment June 17, 2016 September 22, 2016 February 16, 2017
Financial Aid Census Date June 20, 2016 September 26, 2016 February 13, 2017
Grants/Scholarships/1stLoan Refunds Deposited/Mailed June 29, 2016 October 5,  2016 February 22, 2017
2nd Loan Payment Refunds Deposited/Mailed July 13, 2016 November 2, 2016 March 22, 2017
Semester Midpoint July 5, 2016 October 25, 2016 March 18, 2017
Last Day of the Term July 29, 2016 December 23, 2016 May 19, 2017
End of 60% of the Term July 10, 2016 November 6, 2016 March 26, 2017

* 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 Your financial aid award will be recalculated for any class(es) that are recorded as "dropped" (D/DI) or "withdrawn" (W) and the reason is " never attended".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 5/03/16