Disbursement of Financial Aid Financial aid awarded in the form of grants, scholarships, and loans will first be applied towards the payment of outstanding tuition and fee charges owed to the College by the student. If a student should choose to have their financial aid applied toward any other charges on their account, they must sign a Title IV Authorization form. Refunds will be generated by the Student Accounts office each Monday and the funds will be available to the student the following Monday. Students are strongly encouraged to set up a direct deposit account in order to utilize their funds immediately. Students also have the option to choose a Debit Card or have a paper check mailed to them. The option for a paper check could take up to 4 weeks after disbursement to receive.
Financial aid is paid on the students account after the main census (drop/add) date, although loans may pay 30 days into the term for first time loan recipients. Refunds are generated by the Student Accounts office each Monday and the student will receive their refund on the following Monday. Students are encouraged to research and/or contact the Student Accounts office for more information regarding obtaining their refunds. Tip from Arnie – Please do not spend your refund before you actually receive it! You need to learn to budget your refund!
Financial Aid Refunds to Students
There may be a chance you will receive a financial aid refund. Once your aid pays onto your account, the cashier’s office will take the amount of tuition & fees you owe. They will also look to see if you have charged any books towards your account. If there is any money left over, a refund will be generated. The cashier’s office calculates all refunds, not the financial aid office. Refunds are generated each Monday (unless Monday falls on a holiday) and will be available to the student by direct deposit or a Higher One Debit Card within 7-14 days. PPCC strongly urges students to use the direct deposit option. Your personal bank may put a hold on your funds and you may want to consider using Higher One as your bank as they offer excellent services to our students. This card must be activated by the student whether they choose direct deposit or the debit card option. Students that ignore this mailing will not receive a timely refund. Instead, they will have to go to the cashier’s office to activate their card. There will be a cost to the student to do this. STUDENTS MUST KEEP THEIR PHYSICAL ADDRESS UPDATED otherwise their refund may take weeks to receive. If the student chooses not to activate their Higher One card, a paper check will be mailed to the student. This process takes at least 4 weeks after you could have received your refund via Higher One. Note: Disbursement of student aid is when the funds are applied to the student account. This is NOT when students receive their refund. Refunds to students may take up to 10 business days AFTER the funds are applied to the student's account. Important: If you receive a refund and then choose to drop late starting classes, this could result in you having to repay financial aid that was already awarded – as your awards are prorated based on actual enrollment.
General Information Drop for Non-Payment
To avoid being dropped for non-payment, you must be AWARDED Financial Aid, pay for or have a payment plan in place before the Drop for nonpayment deadline. These deadlines are published on our website at: http://www.ppcc.edu/paying-forcollege/tuition-fees/.
Federal Eligibility Requirements
In order to receive assistance from student financial aid funds, a student must be a U. S. Citizen or an eligible non-citizen. You must have a valid Social Security Number (unless you're from the Republic of the Marshall Islands, the Federated States of Micronesia, or the Republic of Palau.) Note: There are restrictions of the type of aid some students may receive if they are eligible non-citizens. Please speak to a financial aid advisor on these restrictions. •
You must be registered with Selective Service if you are male and 18-to 25 years of age.
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