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STEP 5: Disbursement of Funds
When and How Financial Aid Funds Pay into Student Accounts
Front Range Community College’s policy regarding disbursement of funds is to deliver funds into eligible student accounts after the end of the add/drop period for each semester that financial aid is awarded. See drop/add deadlines.
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Amount of Financial Aid Awards
All awards are made with the assumption of full time (or 12 credits) enrollment. That doesn't mean that you have to be enrolled in 12 or more credits to receive financial aid. Disbursement of financial aid awards is dependent on the number of credits in which enroll and attend. When we disburse (or pay funds into your student account) funds will be prorated as follows:
Pell Grant Example of $5,550 Awarded Over Two Semesters.
$2,775 awarded each semester.
|
| If Enrollment is: |
Amount Disbursed will be: |
| Full-time (12 or more credits): |
$2,775 or 100% of award |
| Three-quarters time (9-11 credits): |
$2081 or 75% of award |
| Half-time (6-8 credits): |
$1387 or 50% of award |
| *Less than half-time (less than 6 credits): |
$693 or 25% of award |
**2010-2011 Pell Grants will not disburse for amounts less than $329
**2011-2012 Pell Grants will not disbursed for amounts less than $277.50
Colorado Student Grants, SEOG and Institutional Grant example of $1,500 Over Two Semesters.
$750 awarded each semester
|
| If Enrollment is: |
Amount Disbursed will be: |
| Full-time (12 or more credits): |
$750 or 100% of award |
| Three-quarters time (9-11 credits): |
$500 or 66% of award |
| Half-time (6-8 credits): |
$375 or 50% of award |
| *Less than half-time (less than 6 credits): |
$0 or 0% of award |
View more Financial Aid TV videos here
Subsidized and Unsubsizied 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 |
Getting Books
You can use your financial aid to assist in buying books. The use of financial aid to purchase books takes place within an announced time frame just prior to the disbursement date of a semester. If the amount of financial aid that will pay into your student account will exceed your tuition and fees, you have a credit which can be used to purchase books ahead of the end of the Add/Drop Period of the semester. For each semester an announcement is made on eWolf, under the Welcome Tab which will provide you with information on the begin and end dates in which you can purchase books using your financial aid.
Learn about using financial aid to purchase books.
Funds are delivered into your account to cover tuition and fees and any bookstore charges that are on your account. Should an account hold a credit balance after financial aid has disbursed, the Cashier’s Office will process a refund. Due to certain federal and state regulations, the delivery of funds into student accounts and the refund process are separate processes carried out by separate offices. To help prevent any delivery delays, it’s the responsibility of the student to keep Front Range Community College informed of any changes to student contact information.
These refunds are delivered through the CCCS Refund Card. If you are new to Front Range, you will receive this card in the mail soon after your admission application has been processed. Once received you will need to activate your card and choose a refund preference. If you have questions you can access a CCCS Refund Card FAQ or visit the Cashiers Office web site for more information.
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