Disbursement and Refund Process

Disbursement and Refund Process

The Financial Aid Office will continue to disburse and refund financial aid funds remotely. Please know we will process funds as quickly as possible and will communicate updates. You can view the most up-to-date disbursement and refund schedule below.

 

Disbursement and Refund Timeline

FALL 2021 | Grants and Scholarships

AUTHORIZED AND ANTICIPATED AID FOR BOOKSTORE

The authorization of financial aid funds for the Fall 2021 semester will run on Friday, August 13, 2021. The authorized funds will show as anticipated aid which will be used to cover tuition, books, and fees. The anticipated status will prevent the student from being dropped from their classes (as long as it covers the total amount of tuition/fees). Students will be able to use anticipated financial aid to purchase books/supplies at the bookstore from Friday, August 13th until Friday, December 6th, 2021

 

3 THINGS THAT WILL CHANGE YOUR DISBURSEMENT/REFUND DATE

  1. Multiple Start Dates: If your schedule consists of courses with multiple start dates, you have to use the latest start date to determine your refund date. For example, if you are taking two regular term classes and one second start class, you would look at the chart below and use the refund date for the second start class. 
  2. Schedule Change: If your schedule changes and you enroll in classes with different start dates, your scheduled disbursement week will change. 
  3. Withdrawals: Withdrawing from classes will have an impact on the scheduled disbursement. If you withdraw from class(es), all aid will be held for review and eligibility may need to be recalculated. Contact your campus financial aid office for those details.

 

DISBURSEMENT AND REFUND GROUPS
We will process refunds in four groups based on the Official Date of Enrollment (OE Date). Please refer to the list below to find your class start date and expected refund date. Disbursement and refunds are based on your latest class start date. 


Group 1: Disbursement will run on September 21st and refunds will process September 23rd.

If your courses are listed below, your refund will process on September 23rd.  

  • Coleman 6 WK (C6A) – Classes begin August 16 – OE Date August 19
  • Coleman First 6 WK (C16) – Classes begin August 16 – OE Date August 30
  • First 5 WK (F4A) – Classes begin August 23 – OE Date August 25
  • First 8 WK (F8A) – Classes begin August 23 – OE Date August 30
  • Regular Term (RT) – Classes begin August 23 – OE Date September 7

Group 2: Disbursement will run on October 12th and refunds will process October 14th.  

If your courses are listed below, your refund will process on October 14th 

  • Second 4 WK (F4B) – Classes begin September 20 – OE Date September 22
  • Second Start (SS) – Classes begin September 20 – OE Date September 29
  • Coleman Second 6 WK (C6B) – Classes begin September 27 – OE Date September 30
  • Coleman 10 WK (C10) – Classes begin September 27 – OE Date October 4

Group 3: Disbursement will run on November 9th and refunds will process November 11th.  

If your courses are listed below, your refund will process on November 11th.  

  • Third 4 WK (F4C) – Classes begin October 18 – OE Date October 20
  • Second 8 WK (F8B) – Classes begin October 18 – OE Date October 25

Group 4: Disbursement will run on November 30th and refunds will process December 2nd.  

If your courses are listed below, your refund will process on December 2nd.   

  • Coleman Third 5 WK (C5C) - Classes begin November 8 – OE Date November 11
  • Fourth 4 WK (F4D) – Classes begin November 15 – OE Date November 17
  • Second 5 WK (S2) – Classes begin July 12 – OE Date July 15

 

SPRING 2022 | Grants and Scholarships

AUTHORIZED AND ANTICIPATED AID FOR BOOKSTORE

The authorization of financial aid funds for the Spring 2022 semester will run on Friday, January 7, 2022. The authorized funds will show as anticipated aid which will be used to cover tuition, books, and fees. The anticipated status will prevent the student from being dropped from their classes (as long as it covers the total amount of tuition/fees). Students will be able to use anticipated financial aid to purchase books/supplies at the bookstore from Friday, January 7th until Friday, May 9th, 2022

 

3 THINGS THAT WILL CHANGE YOUR DISBURSEMENT/REFUND DATE

  1. Multiple Start Dates: If your schedule consists of courses with multiple start dates, you have to use the latest start date to determine your refund date. For example, if you are taking two regular term classes and one second start class, you would look at the chart below and use the refund date for the second start class. 
  2. Schedule Change: If your schedule changes and you enroll in classes with different start dates, your scheduled disbursement week will change. 
  3. Withdrawals: Withdrawing from classes will have an impact on the scheduled disbursement. If you withdraw from class(es), all aid will be held for review and eligibility may need to be recalculated. Contact your campus financial aid office for those details.

 

DISBURSEMENT AND REFUND GROUPS
We will process refunds in four groups based on the Official Date of Enrollment (OE Date). Please refer to the list below to find your class start date and expected refund date. Disbursement and refunds are based on your latest class start date. 


Group 1: Disbursement will run on February 15th and refunds will process February 17th.

If your courses are listed below, your refund will process on February 17th.  

  • Holiday Mini Term (MINI) - Classes begin December 13 - OE Date December 15
  • Reserved 16 WK (C16) – Classes begin January 10 – OE Date January 24
  • Reserved First 6 WK (C6A) – Classes begin January 24 – OE Date January 27
  • First 8 WK (F8A) – Classes begin January 18 – OE Date January 24
  • First 5 WK (F4A) – Classes begin January 18 – OE Date January 20
  • Regular Term (RT) – Classes begin January 18 – OE Date January 31

Group 2: Disbursement will run on March 8th and refunds will process March 10th.   

If your courses are listed below, your refund will process on March 10th.  

  • Second 4 WK (F4B) – Classes begin February 14 – OE Date February 16
  • Second Start (SS) – Classes begin February 14 – OE Date February 23

Group 3: Disbursement will run on April 12th and refunds will process April 14th.  

If your courses are listed below, your refund will process on April 14th. 

  • Reserved Second 6 WK (C6B) - Classes begin March 21 - OE Date March 24
  • Third 4 WK (F4C) – Classes begin March 21 – OE Date March 23
  • Second 8 WK (F8B) – Classes begin March 21 – OE Date March 28

Group 4: Disbursement will run on May 3rd and refunds will process May 5th.   

If your courses are listed below, your refund will process on May 5th. 

  • Fourth 4 WK (F4D) – Classes begin April 18 – OE Date April 20

 

 

SUMMER 2022 | Grants and Scholarships

AUTHORIZED AND ANTICIPATED AID FOR BOOKSTORE

The authorization of financial aid funds for the Summer 2022 semester will run on Friday, May 27, 2022. The authorized funds will show as anticipated aid which will be used to cover tuition, books, and fees. The anticipated status will prevent the student from being dropped from their classes (as long as it covers the total amount of tuition/fees). Students will be able to use anticipated financial aid to purchase books/supplies at the bookstore from Friday, May 27th until Monday, August 1st, 2022

 

3 THINGS THAT WILL CHANGE YOUR DISBURSEMENT/REFUND DATE

  1. Multiple Start Dates: If your schedule consists of courses with multiple start dates, you have to use the latest start date to determine your refund date. For example, if you are taking two regular term classes and one second start class, you would look at the chart below and use the refund date for the second start class. 
  2. Schedule Change: If your schedule changes and you enroll in classes with different start dates, your scheduled disbursement week will change. 
  3. Withdrawals: Withdrawing from classes will have an impact on the scheduled disbursement. If you withdraw from class(es), all aid will be held for review and eligibility may need to be recalculated. Contact your campus financial aid office for those details.

 

DISBURSEMENT AND REFUND GROUPS
We will process refunds in four groups based on the Official Date of Enrollment (OE Date). Please refer to the list below to find your class start date and expected refund date. Disbursement and refunds are based on your latest class start date. 


Group 1: Disbursement will run on June 28th and refunds will process June 30th.

If your courses are listed below, your refund will process on June 30th. 

  • Summer Mini Term (MINI) - Classes begin May 16 - OE Date May 17
  • Coleman First 6 WK (C6A) – Classes begin May 23 – OE Date May 26
  • Coleman/Culinary 12 WK (C12) – Classes begin May 23 – OE Date June 6
  • First 5 WK (S1) – Classes begin June 6 – OE Date June 9
  • First 8 WK (S8A) – Classes begin June 6 – OE Date June 13
  • Coleman 11 WK (C11) – Classes begin May 31 – OE Date June 13
  • Reserved Second 4 WK (B4A) – Classes begin June 6 – OE Date June 8

Group 2: Disbursement will run on July 5th and refunds will process July 7th.  

If your courses are listed below, your refund will process on July 7th. 

  • Ten WK (S10) – Classes begin June 6 – OE Date June 20

Group 3: Disbursement will run on July 26th and refunds will process July 28th.  

If your courses are listed below, your refund will process on July 28th. 

  • Coleman 6 WK (C6B) - Classes begin July 5 - OE Date July 8
  • Second 5 WK (S2) – Classes begin July 11 – OE Date July 14
  • Reserved Second 4 WK (B4B) – Classes begin July 5 – OE Date July 7

 

 

Loans

Students will receive their loan disbursement 30 calendar days after attendance is verified for 6 or more credits. 

Registering for classes with different start dates will affect how long it takes to verify attendance for 6-credit-hour requirement. For example, if you are taking 6 credit hours with one regular term class and one second start class, your loans will not disburse until attendance is verified for the second start class.

Loan requirements must be completed before loans can disburse and refund. 

4 Things That Affect Disbursement Schedule

  1. SCHEDULE CHANGE: If your schedule changes and you enroll in later start classes, your scheduled disbursement week will change. Contact your campus financial aid office for those details.

  2. WITHDRAWALS: Withdrawing from classes will have an impact on the scheduled disbursement. If you withdraw from class(es), all aid will be held for review and eligibility may need to be recalculated. Contact your campus financial aid office for those details.

  3. LOAN REQUIREMENTS: To receive a disbursement for loans, you must meet the requirements listed above.

  4. ONE-SEMESTER LOANS: If your loan is for one semester only, you will receive two payments within that semester. Contact your campus financial aid office for those details.

 

Difference Between Disbursement and Refunds

Disbursement means that all eligible financial aid funds will be posted to your account as a payment for classes. 

Once a disbursement of your financial aid is posted as payment for your classes, any aid leftover will be refunded to you within 48 – 72 hours (2-3 business days). 

 

 

Choose Your Refund Option

LOG INTO:
hccs.edu >MyEagle Student Sign-in

Once logged in, find the Student Center Page and click the Choose A Refund Option link to make your Refund Preference Selection.

IT’S THAT EASY!

Change HCC Refund Preference

 

Overview of Aid Process Timeline

Financial Aid awarded

  • Free Application for Federal Student Aid (FAFSA) completed
  • All required paperwork provided
  • Eligibility requirements met
  • Pell grants are awarded at full-time enrollment status until actual enrollment is confirmed
  • Student loans are offered and are either accepted or declined by the student
  • Awards are available online to view through myHCCS

 

Charges generated on student billing account

  • Register for classes

 

Funds Authorized

  • Anticipated aid appears on student account 20-30 days prior to the start of a semester

 

Bookstore credits Available

  • GRANTS: 10 days prior to the start of a semester 
  • LOANS: After first day of classes
  • Purchases charged on billing account

 

Enrollment Confirmed

  • 15 days after the start of a semester or session
  • Faculty return enrollment rosters

 

Late-start Sessions reviewed Aid Disbursed

  • Verify eligibility requirements
  • Aid is adjusted to actual enrollment when student changes schedule
  • Aid is delayed for late start classes
  • Pell and State Grants disbursed three weeks after the start of a semester or late-start session Loans require actual attendance in 6 or more credits and completion of online MPN and Entrance Counseling Loan disbursed 30 days after the start of a semester or late-start session

 

Aid Refunded

  • Billed charges paid by disbursed aid
  • Excess cash is released to BankMobile within 14 days of disbursement. BankMobile will email notification when refund has been disbursed to your selected refund preference.
  • Refer to the Academic Calendar for semester and session start and end dates

 

Note:  The HCC financial aid department strives to make the information on this website as timely and accurate as possible; the department makes no claims, promises, or guarantees about the accuracy, completeness, or adequacy of the content, and expressly disclaims liability for errors and omissions.

 

Examples of How Aid Processes

STUDENT EXAMPLE 1

  • Completed FAFSA and Aid Paperwork on May 1, 2021
  • Awarded on May 15, 2021 as full-time (not yet registered) – Pell = $1500
  • Accepted student loan and completed online loan processes – Loans = $3500 (net after origination fee - $3460)
  • Registered for 2 courses (6 credits) on June 30, 2021 for Fall semester beginning August 26, 2021
  • Charges for 6 credits generated - $1000
  • Aid authorized on student account August 1, 2021 - $5960
  • Bookstore credit available August 16, 2021 - $500
  • Books charged against aid - $250
  • Classes begin August 26, 2021
  • Attendance confirmed September 16, 2021 for all 6 credits
  • Pell disbursed September 17, 2021 - $1500
  • Charges paid - $1250
  • Eligibility for refund confirmed on September 18, 2021 - $250
  • Refund generation process completed on September 20, 2021
  • Refund records transmitted to BankMobile on September 23, 2021
  • BankMobile approves refund for selected refund preference on September 24, 2021
  • Student loan disbursed on September 26, 2021
  • Eligibility for refund confirmed on September 27, 2021 - $3460
  • Refund generation process completed on September 30, 2021
  • Refund records transmitted to BankMobile on October 1, 2021
  • BankMobile approves refund to selected refund preference on October 2, 2021

 

STUDENT EXAMPLE 2

  • Completed FAFSA and Aid Paperwork on October 15, 2021
  • Awarded on November 20, 2021 as half-time (registered 6 credits) – Student is not Pell Eligible
  • Accepted student loans and completed online loan processes – Loans = $3500 (net of $3460)
  • Charges for 6 credits generated - $1000
  • Aid authorized on student account December 1, 2021 - $3460
  • No Bookstore credit available – No Pell Eligibility
  • Classes begin January 13, 2022 and March 17, 2014
  • Attendance confirmed January 20, 2022 for 3 credits - remaining 3 credits in late-start
  • Attendance confirmed March 27, 2022 for the late-start class
  • Student loan disbursed on April 17, 2022 · Charges paid - $1000
  • Eligibility for refund confirmed on April 18, 2022 - $2460
  • Refund generation process completed on April 21, 2022
  • Refund records transmitted to BankMobile on April 22, 2022
  • BankMobile approves refund on Eagle Card or Transmits to Bank via EFT on April 23, 2022

 

Return of Title IV Funds (R2T4)

Students who withdrawal or “FX” grades from HCC may see an adjustment to their financial aid award, this is due to a Return of Title IV funds.  To find more information about Title IV fund calculation and HCC’s return of aid policy, click here.

Resources

Financial Aid Contact Center

We at HCC Financial Aid are here to help you with your questions and concerns. Please visit our Contact Page to view the most current contact methods, hours, and annoucements.