- Your financial aid will be disbursed
to you by the Business Office beginning with the 12th day of fall
and spring semester or the 10th day of summer semester
- For each term these are the specific
disbursement dates
- Here is how it works:
Ü
When the Financial Aid Office gets ready to disburse financial aid,
the computer system records the
number of credits
you are registered for and adjusts accordingly any grant eligibility
you may have.
Ü
Your financial aid will transfer electronically to your student account
in the Business Office.
Ü
If there is more than enough financial aid to pay your tuition, fees
and any other charges owed to the college a
check for the
difference will be cut to you by the Business Office.
- The Business Office is in charge of
disbursing checks.
Ü Brainerd Campus fall and spring semester disbursements are usually
by the TV wall near the
computer commons.
Summer disbursement is at the Business Office window.
Ü Staples Campus is disbursed in the Bookstore.
- You may have to pay back financial
aid if either of the following situations occurs:
Ü
A
students’ financial aid award will be recalculated for any class in
which the
student never showed
attendance. As a result you may owe tuition and
fees after financial aid funds are recalculated.
Federal
regulations require that a student
must show attendance in each class for which financial aid
was
received.
Ü
Students who receive
Federal Financial Aid and then withdraws from all classes, whether officially or
un-officially (just stop attending without
telling the CLC Records office) on or before the
60% date of each
semester will be
required to repay a portion of their financial aid.
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