STCC Financial Aid - Disbursements
Financial aid disbursements vary depending on the type of aid awarded, amount of the aid, and the date the aid is awarded. Please note the following:
- Grants- Once the FAFSA application and all requested documentation is submitted, an award notification indicating the award type and amount of Title IV funds (Pell and SEOG) will be issued to the student. Funds are disbursed to the student's account to pay for tuition and fees. Any excess cash will be issued by check from the Student Accounts Office after the refund period for the semester has ended and attendance is verified.
- Loans- Loan disbursements will be disbursed to the students'
account once received electronically by the William D. Ford Federal
Direct Lending Program. After the refund period for the semester
has ended and attendance is verified, any unused funds will be issued
by check from the Student Accounts Office. Please note: You
must be enrolled for a minimum of six (6) credit hours to
be eligible to receive loan funding.
Loans are typically scheduled for at least two disbursements, which vary by the loan period. Borrowers will be imposed by a federally mandated 30-day delay from the beginning of the student's enrollment period. - College Work Study- Students with a work-study award will complete a time sheet every two weeks to be submitted to the Financial Aid Office by their supervisor. The student will then receive a paycheck every two weeks.
- Scholarships- Scholarship funds will be disbursed to students depending on the specific scholarship criteria. Any unused funds that can be disbursed to the student after the funding has been received by the Student Accounts Office will be disbursed by check from the Student Accounts Office to the student.