Coastal Alabama

Disbursement Policy

The following disbursement policy is put on all pupils receiving educational funding for every single term regarding the scholastic 12 months. The aim is always to deliver qualified financial aid into the timeliest way feasible, with less documents needed from pupils.

Certified Enrollment degree – Your enrollment degree for school funding purposes matches the Registrar’s Office to your enrollment level: how many credits you may be signed up for each term (including summer). Please relate to chart below:

Student Undergraduate Enrollment Levels:

Full-time = 12 credit hours

3/4 Time = 9-11 credit hours

1/2 Time = 6-8 credit hours

Lower than 1/2 Time = 1-5 credit hours

Disbursement Policy Summary

1. Reimbursement disbursement begins after two weeks (14days) of very very first day’s course for every single semester, then continues for the semester. Pupils attending a phrase II class shall maybe not get a disbursement until after Term II attendance verification is performed. Attendance verification, for pupils whom receive federal help occurs following the fall and include duration for each and every term.

2. Cancellation or reduction of help produces a stability due regarding the student’s account. It is the student’s responsibility to help make re payment arrangements using the learning student Accounts Office

5. Pupils enrolled not even half time aren’t eligible for Direct Loans.

6. Retroactive aid (aid for a term which includes ended ahead of disbursement) needs to be disbursed centered on completed classes/credits just. a completed course is a grade for the class this is certainly either an A, B, C, or D. The student’s GPA must fulfill SAP standards.

Disbursement of Loan Funds After a Term Ends

To get loan funds after a term comes to an end, pupils must effectively finish the absolute minimum of half-time credits for the earlier term(s). Pupil also needs to be enrolled at the very least half-time and requesting loan funds when it comes to term that is current.

In the event that student gets that loan for starters term ( e.g online payday loans california bad credit., fall term just), the educational funding prize should have been provided, accepted and prepared ahead of the end of the term. Federal regulations mandate that a loan for a term which has had currently ended may be certified only if the learning pupil happens to be enrolled at least half time and there is no break in enrollment.

Minimal Enrollment Needs for Disbursement for Normal Terms

Help Types credits that are undergraduate

Pell Grant = 1 credit hour

SEOG = 6 credit hours

Direct Loan = 6 credit hours

Parent PLUS Loan = 6 credit hours

Scholarships = Credit hours differ by scholarship