Thursday – October 23, 2014

 

Dates of Importance

Financial Aid Calendar - Summer 2014 through Spring 2015

Activity Summer Session Fall Semester Spring Semester

FA Priority Processing Date

May 1,  2014

June 1, 2014

October 1, 2014

1st Payment Due

May 29, 2014

August 1,  2014

January 5, 2015

Bookstore Deferments Available

May 27, 2014

August 4, 2014

January 5, 2015

1st Day of Term

June 9, 2014

August 25, 2014

January 20, 2015

2nd Payment Plan due

June 19, 2014

September 11, 2014

February 12, 2015

3rd Payment Plan due

July 10, 2014

October 2, 2014

March 12, 2015

4th Payment Plan due

NA

November 3, 2014

April 2, 2015

Last Date to Purchase Books on Deferment

June 13, 2014

September 13, 2014

February 13, 2015

Book Deferment forms due to Student Accounts

June 16, 2014

September 15, 2014

February 17, 2015

Financial Aid Census Date

June 17, 2014

September 15, 2014

February 16, 2015

Grants/Scholarships

June 18, 2014

September 17,  2014

February  18, 2015

Loans

June 18, 2014

September 17 2014

February 18, 2015

Initial Balance FA Grant/Scholarship Checks Mailed

June 25, 2014

 

September 24, 2014

 

February 25, 2015

 

Initial Balance FA Loans Mailed

 

June 25, 2014

 

September 24, 2014

 

February 25, 2015

Semester Midpoint

July 1, 2014

October 21, 2014

March 21, 2015

Last Day of the Term

July 25, 2014

December 18, 2014

May 21, 2015

End of 60% of the Term

July 7, 2014

November 2, 2014

March 28, 2015

* 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 Your financial aid award will be recalculated for any class(es) that are recorded as "dropped" (D/DI) or "withdrawn" (W) and the reason is "never attended".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 3/31/14