Financial Aid Disbursement

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STEP 5: Disbursement of Funds

When and How Financial Aid Funds Pay Toward Student Balances

Front Range Community College pays (or disburses) funds on eligible student accounts after the end of the add/drop period for each semester that financial aid is awarded.

Getting a Refund

Financial aid is paid on your student account to cover eligible tuition and fees as well as certain bookstore charges. If you will receive money after this happens, the Cashier’s Office will process the refund. To help prevent any delivery delays, it’s your responsibility to keep Front Range Community College updated to changes in your contact information.

Refunds are delivered through the CCCS Refund Card. If you are new to Front Range, you will receive this card in the mail approximately two weeks after enrolling for classes. It will come in a lime green envelope from a company called Higher One and contains instructions on how to receive your refund. If you have questions, you can visit the website for CCCS Refund Card or the website of the Cashiers Office.

Getting Books

You can use your financial aid to buy books at the bookstore, assuming you will be getting a refund. Each semester an announcement is made on eWOLF, under the Welcome Tab, which will give you information on the start and end dates in which you can purchase books using your financial aid.

Learn about using financial aid to purchase books.

Amount of Financial Aid Awards

All awards are offered with the assumption of full time enrollment (12 credit hours or more). That doesn't mean that you have to be enrolled in 12 or more credits to receive financial aid, payments depend on the number of credits you are taking. When we pay funds toward your balance with FRCC, funds will be prorated as follows:

Pell Grant Example of $5,645 Awarded Over Two Semesters.

$2,822 awarded each semester.

If Enrollment is: Amount Disbursed will be:
Full-time (12 or more credits): $2,822   or 100% of award
Three-quarters time (9-11 credits): $2,117    or 75% of award
Half-time (6-8 credits): $1,411    or 50% of award
*Less than half-time (less than 6 credits): $705      or 25% of award

*2012-2013 Pell Grants will not disbursed for amounts less than $301.00

Colorado Student Grants (CSG), Federal Supplemental Educational Opportunity Grant (FSEOG), and Institutional Grant example of $2,000 Over Two Semesters.

$100 awarded each semester

If Enrollment is:  Amount Disbursed will be:
Full-time (12 or more credits): $1,000 or 100% of award
Three-quarters time (9-11 credits): $750 or 75% of award
Half-time (6-8 credits): $500 or 50% of award   
*Less than half-time (less than 6 credits): $0    or 0% of award

Subsidized and Unsubsidized Stafford Loan example of $2000 over two Semesters.

$1,000 awarded each semester

If Enrollment is:  Amount Disbursed will be:
Full-time (12 or more credits): $1,000 or 100% of award
Three-quarters time (9-11 credits): $1,000 or 100% of award
Half-time (6-8 credits): $1,000 or 100% of award     
*Less than half-time (less than 6 credits): $0       or 0% of award

 

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Steps in Financial Aid