A-B Tech InfoBase

We're here to help you find quick answers to common questions. Use the search box to look up key words or browse through the categories below.
Can't find what you're looking for? Click here to email us your question or call us at (828) 398-7900.


Reason for Financial Aid Disbursement Dates

Reason for Financial Aid Disbursement Dates

Summary

Reason financial aid refunds are not disbursed at the beginning of the semester

Explanation

Before A-B Tech can begin taking the steps to process a student's financial aid award, we have to wait until after the 10 percent point of the class. Some colleges and universities (including other community colleges) may release financial aid refunds earlier than A-B Tech.

After the 10 percent point, the Financial Aid Office is provided with the attendance record for each financial aid recipient. The Financial Aid Office then moves forward with processing the student's award with the Business Office, which takes two to three weeks at a minimum. Disbursing funds earlier than this would result in overpaying students who did not end up attending class, which would then result in those students having to pay back the financial aid that was disbursed to them.

 

Key Words: financial aid disbursement, disbursements, refund, refunds, attendance
Attached Files
There are no attachments for this article.
Related Articles RSS Feed
Financial Aid and Criminal Convictions
Added on Mon, May 11, 2015
Divorce/Separation and Financial Aid
Added on Wed, Jan 16, 2013
Cost of Attendance (COA) for Financial Aid
Added on Tue, Oct 1, 2013
BankMobile ATM
Added on Tue, Apr 16, 2013
Scholarships
Added on Wed, Oct 2, 2013
Financial Aid Verification
Added on Fri, Oct 26, 2012
Financial Aid and Social Services
Added on Thu, Feb 28, 2013
Repay Federal Loans
Added on Tue, Apr 23, 2013
Financial Aid Forms
Added on Mon, Oct 29, 2012