Tuesday – May 03, 2016


Dates of Importance

Financial Aid Calendar - Summer 2015 through Spring 2016

Activity Summer Session Fall Semester Spring Semester

FA Priority Processing Date

May 1, 2015

June 1, 2015

October 1, 2015

1st Payment Due

May 28, 2015

July 30, 2015

January 4, 2016

Bookstore Deferments Available

May 26, 2015

August 10, 2015

January 11, 2016

1st Day of Term

June 8, 2015

August 24, 2015

January 19, 2016

2nd Payment Plan due

June 18, 2015

September 10, 2015

February 11, 2016

3rd Payment Plan due

July 9, 2015

October 8, 2015

March 10, 2016

4th Payment Plan due


November 5, 2015

April 1, 2016

Last Date to Purchase Books on Deferment

June 11, 2015

September 17, 2015

February 11, 2016

Financial Aid Census Date

June 16, 2015

September 21, 2015

February 15, 2016

Grants/Scholarships/1st Loan Refunds Deposited/Mailed

June 26, 2015

October 2, 2015

February 26, 2016

2nd Loan Payment Refunds Deposited/Mailed

July 10, 2015

October 30, 2015

March 25, 2016

Semester Midpoint

July 1, 2015

October 20, 2015

March 19, 2016

Last Day of the Term

July 24, 2015

December 17, 2015

May 19, 2016

End of 60% of the Term

July 5, 2015

November 1, 2015

March 25, 2016

* 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 Your financial aid award will be recalculated for any class(es) that are recorded as "dropped" (D/DI) or "withdrawn" (W) and the reason is " never attended".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 5/07/15