MCCC Home Page

Disbursements and Refunds

 

How Aid is Paid to Students (Disbursements)

Financial aid is paid (disbursed) to students after classes have started at MCCC and the Financial Aid Office has verified your participation in your classes with faculty.  When you receive your financial aid depends on the type of aid you receive.

  • Grants and Scholarships are applied directly to your student account to pay for tuition, fees, and MCCC bookstore charges.  Grants and scholarships are typically paid out in full for the semester in one disbursement.
  • Direct Loans are applied directly to your student account to pay for tuition, fees, and MCCC bookstore charges. Direct loans are typically paid in full for the semester in one disbursement, with two exceptions.

    • First-Time Borrowers: If this is your first time borrowing a student loan at any college and your grade level is a first-year undergraduate at MCCC, your loan funds will not be disbursed any earlier than 30 days after the start of the semester. 
    • One Semester Loans: If you a borrowing a loan for only one semester, your loan will be split into two disbursements, with 50% of your loan funds being disbursed at the mid-point of the semester.
  • Work Study funds are earned by students working at MCCC.  Students are paid their work study earnings bi-weekly through MCCC’s payroll system.

If Your Financial Aid Exceeds Your Charges (Refunds)

If you receive financial aid that exceeds the cost of your direct charges (tuition, fees, and purchases at the MCCC bookstore), you will receive a financial aid refund check. You may use your financial aid refund check to help pay the cost of other educationally related expenses you have during the semester.  Your financial aid refund check will be mailed by the Business Office to the address that is on file for you in the Colleague System.

Note: Information about Federal Direct Student Loans and Pell Grants will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, and schools determined to be authorized users of the data system.

You may also view your Federal Direct Student Loan and Pell Grant history on the National Student Loan Data System (NSLDS).  Sign in with your federal FSA ID to access your data.