SUMMER 2015 FINANCIAL AID DISBURSEMENT SCHEDULE

Federal Pell Grant

The summer 2015 term (6/8/15-8/6/15) will be considered a cross-over period and assigned exclusively to the 2014-15 award year.  The 9 week (beginning 6/8/15 and 8 week (beginning 6/15/15) will be combined and treated as one term.  Full-time enrollment will be defined as 12 credits.

New and continuing students who want to be considered for the summer 2015 term would be required to complete a 2014-15 FAFSA by the June 30, 2015 deadline and submit all requested documentation.

Students cannot exceed 100% of their annual 2014-15 Pell Grant eligibility, including the summer term.  Only students who have not previously used all their annual Pell eligibility will be considered for summer eligibility. Please see example below.

Fall 2014 (Pell paid)

Spring 2015 (Pell paid)

Summer 2015 (Pell eligibility)

2,823.00

2,822.00

0.00

(enrolled 3 credits)

2,823.00

1,411.00

1,412 (maximum eligibility)

(enrolled 6 credits)

1,412.00

2,822.00

1,411.00 (maximum eligibility)

(enrolled 9 credits)

0.00

544.00

2,822.00 (maximum eligibility)

(enrolled 12 credits)

All summer Pell awards are pending review and must meet all Federal financial aid requirements.

Students must meet the 2015-16 financial aid satisfactory academic progress standards calculated at the end of the spring 2015 term.  Disqualified students would not be eligible for the summer 2015 financial aid term (excluding BOGFW) and financial aid appeals if approved will be effective summer 2015.

Transfer students will be reviewed for remaining Pell eligibility, and students who were not enrolled for fall 2014 and spring 2015 at Southwestern College will require Transfer Monitoring.

Calculating remaining eligibility for transfer students:

1)  Pell disbursed at prior school (/) Scheduled award at prior school (=) % of scheduled award used

2)  Subtract % of scheduled award used from 100% (=) Remaining % of scheduled award available

 

Pell award cutoff date:

7/9/15



Disbursement Date:

Week of 7/27/15


IMPORTANT INFORMATION   

 

 

  • Disbursement dates are estimates and are subject to change without notice and will occur on or after the estimated disbursement dates listed
  • All awards are contingent upon institutional receipt of funds from the federal and/or state government and are subject to change.
  • Southwestern College is partnering with Higher One® to expedite receiving your financial aid refunds/disbursement and managing money to Southwestern College students by the SWC Access Card.  
           New students will be receiving a bright green envelope from HigherOne. Once it arrives, you'll simply use the card inside to let us know how you'd like to receive your money - you'll have the options of having your financial aid funds automatically deposited to your current checking account, opening a HIgherOne account for depositing funds or receiving a paper check.  Just choose the option that best fits your needs and be sure to get started as soon as it arrives! Remember, even if you are not currently expecting a financial aid award, we may have money for you in the future, so don't wait. Please activate your card and make your choice as soon as possible to ensure there is no delay in receiving your funds! Please click on the HigherOne link on the left for more information.

 

Last updated: 8/3/2015 7:33:58 PM