Policy on Disbursements

Financial Aid Awards

As soon as class attendance is confirmed each term, school funding is disbursed towards the student’s account. The student may qualify for a financial aid disbursement check if the student’s aid is greater than the total tuition, fees, and bookstore charges for the term.

Bookstore Advance

Pupils qualify for a Bookstore Advance as much as $2,500 ahead of the start of term, if their school funding exceeds their costs for tuition and fees. The Bookstore Advance allows pupils to get books and materials prior to the start of the term in the Campus Bookstore. The Bookstore Advance is determined by subtracting tuition and charges through the number of authorized aid up up to a optimum Bookstore Advance of $2,500.

Pupils may buy one laptop computer making use of the Bookstore Advance in their time at Piedmont Tech.

Disbursements

When students’s school funding is utilized in their account, in the event that level of the pupil’s school funding surpasses tuition, costs, bookstore costs, as well as other institutional fees on the pupil account, the student is eligible to a disbursement check. Pupils will have to prepare ahead for any other expenses such as for example lease, transportation and youngster care before the aid that is financial disbursement dates.

Funds and Scholarships are compensated in a single disbursement. Begin to see the times listed on the web site when you look at the learning Student Handbook and Calendar and on the pupil calendar.

Pupil Benefits:

• Provides funds for publications and supplies ahead of the beginning of the term.
• Assists with budgeting and planning for the whole term.
• Increases pupil success.
• Decreases the quantity of education loan defaults.
• Insures school funding is centered on real enrollment.
• Matches federal aid that is financial demands.
• Saves university resources to hold tuition low.

Disbursement Advance

A disbursement advance is a cash loan against an anticipated aid that is financial and it is intended to assist students meet their short term economic needs. Disbursement advance needs can be found simply to pupils receiving adequate educational funding to develop a credit stability after tuition and charges are compensated. The most refund advance is $1,000 per semester, to not ever meet or exceed the credit stability.

To be able to request a disbursement advance you have to:

1. Complete all school funding needs and also have a pending credit stability placed on your account by thirty days ahead of the beginning of classes. Because of processing time, students should have all aid that is financial, including loan requests, submitted 45 days before the beginning of classes.
2. Sign up towards the continuing business Office 1 month ahead of the begin of classes. Application is found in path.
3. Join at half time that is least (6 credit hours) for the future semester by 1 month prior to the begin of classes.
4. Be meeting Satisfactory money tree hours Academic Progress. Students who’ve an authorized appeal meet the criteria for the disbursement advance.