Dates of Importance
Financial Aid Calendar – Academic Year for 2020-2021 Important Dates
| Activity | Summer 2020 |
Fall Semester |
Spring Semester |
|---|---|---|---|
| FA Priority Processing Date | May 2, 2020 | June 1, 2020 | October 1, 2020 |
| Summer Advising Days Payment due by end of the day |
May 26, 2020 | August 11, 2020 | January 10, 2020 |
| De-reg 1st Day of Term |
June 7, 2020 | August 24, 2020 | January 19, 2021 |
| 1st Payment Due | May 8, 2020 | August 3, 2020 | January 5, 2021 |
| 2nd Payment Plan due | June 8, 2020 | September 3, 2020 | February 5, 2021 |
| 3rd Payment Plan due | July 8, 2020 | October 3, 2020 | March 5, 2021 |
| 4th Payment Plan due | Not applicable | November 3, 2020 | April 5, 2021 |
| Bookstore Deferments Available | May 26, 2020 | August 14, 2020 | January 9, 2021 |
| Last Date to Purchase Books on Deferment | June 25, 2020 | September 9, 2020 |
February 3, 2021 |
| Financial Aid Census Date | June 26, 2020 | September 11, 2020 |
February 5, 2021 |
| Refunds of grants to Bank Mobile | July 8, 2020 | September 23, 2020 | February 17, 2021 |
| Refund the first half of loan payments to Bank Mobile | July 15, 2020 | October 7, 2020 | February 24, 2021 |
| Refunds of the second half of loan payment to Bank Mobile | July 22, 2020 | October 21, 2020 | March 10, 2021 |
| End of 60% of the Term | July 22, 2020 | November 1, 2020 | April 11, 2021 |
| Last Day of the Term | August 21, 2020 | December 18, 2020 | May 21, 2021 |
| Winterim Season | |||
| First day of Term | December 20, 2020 | ||
| Last date of Semester | January 14, 2021 | ||
| First day of Book Deferments | December 10, 2020 | ||
| Last day of Book Deferments | December 18, 2020 | ||
The FAFSA opens October 1, 2020 for the 2021-2022 school year.
Filling out the FAFSA is a critical first step in receiving Federal student aid (including grants, loans and work study) for the 2021-2022 school year. Because FAFSA funds are distributed on a first -come, first- serve basis you will want to complete the form as soon as possible.
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 to your financial aid if you add courses 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.
1 Updated 6/04/2020 and dates are subject to change without notice
2 Note that loans will be paid in two equal payments each term