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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.

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.

Hocking College delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Visit this link for more information: https://bankmobiledisbursements.com/refundchoices/. 

 

To view our third-party servicer contract for refund management, click here.

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. 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.

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*

PELL, FESEO, & Scholarships
Summer 2021 (1st Half PLUS)
Summer 2021 (1st Half Student Loans)
Summer 2021 (2nd Half PLUS)
Summer 2021 (2nd Half Student Loans)

Tuesday, May 25, 2021
Tuesday, June 15, 2021
Friday, June 18, 2021
Thursday, July 15, 2021
Monday, July 19, 2021

PELL, FESEO, & Scholarships
Autumn 2021 (1st Half PLUS)
Autumn 2021 (1st Half Student Loans)
Autumn 2021 (2nd Half PLUS)
Autumn 2021 (2nd Half Student Loans)

Tuesday, August 31, 2021
Tuesday, September 21, 2021
Friday, September 24, 2021
Thursday, October 21, 2021
Monday, October 25, 2021

PELL
Spring 2022 (1st Half PLUS)
Spring 2022 (1st Half Student Loans)
Spring 2022 (2nd Half PLUS)
Spring 2022 (2nd Half Student Loans, FESEO, & Scholarships)

Friday, January 28, 2022
Wednesday, February 9, 2022
Friday, February 18, 2022
Monday, March 21, 2022
Monday, March 14, 2022
*Refunds will be processed for students who are eligible.
NOTE: If you are expecting a refund excess financial aid, your Financial Aid Checklist must be completed at least one week prior to the refund availability date. A refund is issued only when there is more aid than charges. If you owe the college a balance, there is no expectation of a refund.


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, will need to be returned to financial aid for review. 

SEMESTER TO BE CONSIDERED APPEAL DEADLINE
Summer 2021 No deadline
Autumn 2021 No deadline
Spring 2022 No deadline

Entrance Loan Counseling

Learn more

Master Promissory Note

Learn more


Contact

Last names beginning with A – L, please contact
Debra Canter  canterd@hocking.edu
Last names beginning with M – Z, please contact
Jodi Lewis coonj8@hocking.edu

Assistant Director to Financial Aid
Mary Russell  russellm@hocking.edu

 

 


Learn More About Paying For College


Get Started With Financial Aid Applications

 

 

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