Financial Aid Disbursement

About Financial Aid Disbursement

All financial aid received on a student’s behalf will be posted to the student's account to be applied to direct costs to include tuition and related fees, as well as dorm and meal plan charges if applicable. If after all charges have been covered and there is a credit remaining, then the student will be eligible for a refund of the remaining balance.

Federal loans, including Direct Stafford and PLUS, will be applied to the student's account in two disbursements each semester. Please click the button below to see a sample disbursement.

For all Federal loans, the first disbursement will occur 30 days from the start of the semester. The second disbursement will occur 60 days from the start of the semester. Financial Aid refunds will be processed to eligible students via direct deposit or check beginning the fifth or sixth week of the semester, after course attendance and class participation is verified.

For direct deposit, please allow 1 - 2 business days from the scheduled expected refund date and up to 10 days (include standard U.S. Mail delivery time) for processing paper checks. Please refer to the disbursement schedule (Financial Aid Deadlines and Timeline below) to determine when funds will be released.

You have the right to cancel all or part of any loan disbursement made on your behalf. You have the right to cancel the disbursement(s) by submitting written notification to the Cashier’s Office within 14 days of the disbursement.

View Sample Disbursement


Disbursement Deadlines

Students who are planning to utilize financial aid to pay their charges must have a valid FAFSA on file and if accepting student loans, completion of the Entrance Loan Counseling and the Master Promissory Note. Beginning October 1, 2016 the FAFSA application will be available for the 2017-2018 award year. Hocking College priority deadline for the FAFSA is February 1. If a student’s financial aid is not confirmed by the first day of the semester that the student plans to enroll, it is the student’s responsibility to confirm an alternative payment option.

Bookstore Purchases

Students are eligible to charge books and related course materials up to $700 only if the student has a credit appearing on their account. If the student owes a balance on their account, they are not eligible to charge books and will need to pay out of pocket for this expense. FA Link to the bookstore will be available for students to charge books up to three weeks from the start of each semester. The deadlines for the 2016-2017 award year are listed below.

SEMESTER DEADLINE
Summer 2016 June 3, 2016
Autumn 2016 September 9, 2016
Spring 2017 January 31, 2017

 

Federal Direct Loan Disbursements & Expected Refund Check Availability

The college will disburse federal loans in two payments each semester. The first disbursement will occur 30 days after the start of the semester. The second disbursement will occur 60 days after the start of each semester. If you are eligible for a refund resulting from a credit balance, the available refund dates are indicated below.

SEMESTER DATE REFUND AVAILABLE*
Summer 2016 (1st Half Disbursement)
Summer 2016 (2nd Half Disbursement)
June 21, 2016
July 21, 2016
Autumn 2016 (1st Half Disbursement)
Autumn 2016 (2nd Half Disbursement)
September 27, 2016
October 27, 2016
Spring 2017 (1st Half Disbursement)
Spring 2017 (2nd Half Disbursement)
February 14, 2017
March 21, 2017
*Refunds will be processed for students who are eligible.

Satisfactory Academic Progress (SAP) Deadlines

Students who have lost their eligibility for financial aid and student employment due to failure to meet Satisfactory Academic Progress (SAP) standards have the opportunity to submit an appeal. The appeal form, along with all required documentation, is due according to the chart below.

SEMESTER TO BE CONSIDERED APPEAL DEADLINE
Summer 2016 May 13, 2016
Autumn 2016 August 5, 2016
Spring 2017 January 3, 2017

Entrance Loan Counseling

Learn more

Master Promissory Note

Learn more

SAP Appeal Form

Download


Contact

Last names beginning with A – L, please contact
Carrie Arnold cassadyc@hocking.edu
Last names beginning with M – Z, please contact
Jodi Lewis coonj@hocking.edu

 


Learn More About Paying For College


Get Started With Financial Aid Applications

 

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