Coastal Alabama

Disbursement Policy

Listed here disbursement policy is put on all students getting financial aid for each and every term for the academic 12 months. The aim would be to deliver qualified educational funding into the timeliest way feasible, with less paperwork needed from pupils.

Certified Enrollment degree – Your enrollment degree for school funding purposes is equivalent to the Registrar’s Office to your enrollment level: the sheer number of credits you might 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

Not as much as 1/2 Time = 1-5 credit hours

Disbursement Policy Summary

1. Reimbursement disbursement begins after 14 days (14days) of very very first of class for each semester, then continues throughout the semester day. Pupils attending a phrase II course shall perhaps maybe not be given a disbursement until after Term II attendance verification is performed. Attendance verification, for pupils whom receive federal help happens after the drop and include period for each term.

2. Decrease or termination of help produces a balance due regarding the student’s account. This is the student’s duty to create re payment plans aided by the scholar Accounts workplace

5. Students enrolled fewer than half right time aren’t qualified to receive Direct Loans.

6. Retroactive aid (aid for a phrase that includes ended ahead of disbursement) must certanly be disbursed predicated on finished 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 satisfy standards that are SAP.

Disbursement of Loan Funds After a Term Ends

To get loan funds after a phrase finishes, pupils must successfully finish the absolute minimum of half-time credits for the prior term(s). Pupil additionally needs to be enrolled at the very least half-time and requesting loan funds for the term that is current.

In the event that pupil receives that loan for starters term ( e.g., autumn term just), the aid that is financial must have been provided, accepted and prepared ahead of the end of this term. Federal laws mandate that that loan for a phrase which has already ended may be certified as long as the learning pupil happens to be enrolled at least half time and there’s been no break in enrollment.

Minimal Enrollment Needs for Disbursement for Normal Terms

Help Types Undergraduate Credits

Pell Grant = 1 credit hour

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SEOG = 6 credit hours

Direct Loan = 6 credit hours

Parent PLUS Loan = 6 credit hours

Scholarships = Credit hours differ by scholarship