Financial Aid Pays Out Based on Enrollment Status
To receive ﬁnancial aid funds, students must be enrolled in coursework required for their educational program. Changes in enrollment may result in a reduction or cancellation of the ﬁnancial aid offer. It is the student’s responsibility to drop classes they are no longer attending. Enrollment is locked Monday at 8:30 am of the second week of the term. The credits that a student is registered for at this time, is the enrollment status that will determine the student’s Financial Aid disbursement.
- 12 or more credits = Full-Time
- 9-11 credits = Three-Quarter Time
- 6-8 credits = Half-Time
- 5 or fewer credits = One-Quarter Time
Defined as Monday at 8:30 am of the second week of the term. The credits that a student is registered for at this time, is locked and that is the enrollment status that will determine the student’s Financial Aid disbursement.
On the second Friday of each term (with the exception of Thursday during Summer term) the student’s financial aid funds in excess of institutional charges will be made available through two means:
- Direct Deposit
- US Postal Service
Classes that start later in the term will impact a student’s enrollment status and disbursement. Funds will continue to be direct deposited or mailed on Fridays, throughout the term.
Important Loan Disbursement Information
- For first time borrowers, Federal Regulations require that the first disbursement of Federal Direct Stafford Loans not be released until 30 days after the term begins.
- For one term loans, Federal Regulations require that one term loans be disbursed in two equal payments.
- You must be enrolled in AND attending at least 6 credits for loan funds to disburse.
Student budgets are based on a minimum of 10 weeks of class attendance. If your class schedule is less than 10 weeks you will receive an adjustment to your student budget. This may cause an adjustment to the amount of aid you are awarded for spring term.
Purchasing Your Books
UCC offers a Bookstore charge privilege for students with accepted award offers. Students may charge books at the UCC Bookstore; if they have a remaining balance after subtracting tuition, fees, and other institutional charges from their financial aid award. Indicate to the Bookstore cashier that you want to use your financial aid to charge your required books.
Students that have satisfied all requirements may request a “Book Allowance Form”. If eligible, completing this form allows students to purchase books at the UCC Bookstore before the awarding process. Charges for books and required supplies (i.e., Culinary) are deducted from the current term financial aid award. Please contact the Financial Aid Office or the Bookstore if you have any questions. (Culinary, Automotive, and Welding program students have special allowances and should visit the Financial Aid Office or speak with their instructor for more information).
- All classes through UCC will be included when reviewing satisfactory academic progress.
- For students aided under a consortium agreement with another college, consortium classes will be included during satisfactory academic progress review by the financial aid processing school.