Cost & Aid Deadlines

Dates of Importance

Financial Aid Calendar – Academic Year for 2020-2021 Important Dates

Activity Summer 2020

Fall Semester
2020

Spring Semester
2020-2021

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  

 

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or "withdrawn" (W) and the reason is "never attended."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.

Academic Year1

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