Policy on Disbursements

Financial Aid Awards

When course attendance is confirmed each term, educational funding is disbursed towards the student’s account. In the event that pupil’s aid is higher than the full total tuition, costs, and bookstore prices for the word, the pupil may be eligible for an educational funding disbursement check.

Bookstore Advance

Pupils are eligible for the Bookstore Advance as much as $2,500 ahead of the start of term, if their school funding exceeds their costs for tuition and costs. The Bookstore Advance enables pupils to get publications and materials ahead of the start of term in the Campus Bookstore. The Bookstore Advance is determined by subtracting tuition and charges through the number of authorized help up up to a maximum Bookstore Advance of $2,500.

Pupils may buy one laptop computer utilising the Bookstore Advance in their time at Piedmont Tech.

Disbursements

As soon as students’s school funding is utilized in their account, in the event that number of the pupil’s school funding exceeds tuition, charges, bookstore costs, along with other institutional fees on the pupil account, the pupil is eligible for a disbursement check. Pupils will have to prepare ahead for other costs such as for instance lease, transport and youngster care through to the aid that is financial disbursement dates.

Grants and Scholarships are compensated in one single disbursement. Begin to see the times noted on the web site when you look at the learning Student Handbook and Calendar as well as on the pupil calendar.

Pupil Benefits:

  • Provides funds for publications and materials ahead of the start of term.
  • Assists with budgeting and preparation for the term that is entire.
  • Increases pupil success.
  • Decreases the actual quantity of education loan defaults.
  • Insures school funding is according to real enrollment.
  • Satisfies federal aid that is financial needs.
  • Saves university resources to keep tuition low.

Disbursement Advance

A disbursement advance is a cash loan against an expected aid that is financial and it is meant to assist students meet their short term economic needs. Disbursement advance needs can be found and then pupils getting enough educational https://www.speedyloan.net/reviews/titlemax funding to develop a credit stability after tuition and fees are compensated. The most refund advance is $1,000 per semester, not to ever meet or exceed the credit stability.

To be able to request a disbursement advance you need to:

  1. Complete all aid that is financial while having a pending credit stability placed on your account by thirty day period ahead of the beginning of classes. Because of processing time, pupils should have all school funding needs, including loan requests, submitted 45 days ahead of the start of classes.
  2. Fill out an application towards the company Office 30 days before the begin of classes. Application are found in path.
  3. Enroll at half time that is least (6 credit hours) for the future semester by thirty days ahead of the beginning of classes.
  4. Be conference Satisfactory Academic Progress. Pupils that have an authorized appeal meet the criteria for a disbursement advance.