www.vernoncollege.edu

FINANCIAL AID DISBURSEMENT DATES

  

All grants, loans and scholarships are available for a student’s tuition, fees, and bookstore charges when their financial aid file is complete and the awards have been posted to their Vernon College account. The amount of financial aid a student receives is based on their enrollment status, and awards will be adjusted accordingly. A course’s eligibility for financial aid purposes is based on its start date, i.e. a Fall II, Spring II, or Summer II course will not be included in a student’s enrollment status until that particular course begins. Therefore, a student’s enrollment status can change throughout the 16 week semester and their grants will be adjusted accordingly. Students who fail to establish eligibility (do not begin attendance in each class or do not attend classes through the official count day) will have their financial assistance reduced or cancelled. Students who completely withdraw before 60% of the semester is completed may also have their aid reduced.

 

All financial aid awards will first be applied to the balance due Vernon College before being issued to the student. Financial aid balances will be disbursed to the student’s Chaparral ID Card unless the student has designated a different direct deposit account. Students who do not have a Chaparral ID Card or who do not designate a direct deposit account will be mailed a check to the address on record with Vernon College.

 

Please allow 24-48 hours for your direct disbursement to process to your account.

 

All Financial Aid will be disbursed according to the following schedule: 


  September 20, 2013 - All Fall and Fall I loans (excluding first year, first time borrowers), grants, & scholarships will be disbursed

  September 27, 2013 - All Fall and Fall I loans for first year, first time borrowers will be disbursed

  November 8, 2013 - All Fall II loans (excluding first year, first time borrowers), grants, & scholarships will be disbursed

  November 22, 2013 - All Fall II loans for first year, first time borrowers will be disbursed

  December 20, 2013 - All December Mini-term loans, grants, & scholarships will be disbursed

 

February 14, 2014 - All Spring and Spring I loans (excluding first year, first time borrowers), grants, & scholarships will be disbursed

February 21, 2014 - All Spring and Spring I loans for first year, first time borrowers will be disbursed

April 12, 2014 - All Spring II loans (excluding first year, first time borrowers), grants, & scholarships will be disbursed

April 24, 2014 - All Spring II loans for first year, first time borrowers will be disbursed