Southwestern College

SUMMER 2018 FINANCIAL AID DISBURSEMENT SCHEDULE

Disbursement and Freeze Dates

Summer Freeze Date:

6/14/2018

Disbursement Date:

Week of 7/23/18

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.

Calculation of eligibility for summer aid
The summer 2018 term (6/4/18-8/5/18) is considered a cross-over period and is assigned to the 2017-18 award year. The 9 week term (6/4/18 to 8/5/8), 8 week term (6/11/18 to 8/5/18) and the 6 week term (6/4/18 to 7/12/18) sessions will be combined and treated as one term.  Full-time enrollment will be defined as 12 credits.

Year Round Pell: Beginning summer 2018, Pell grant eligible students can receive up to 150% of their scheduled Pell award each year.  To be eligible to receive the additional Pell Grant, students must:

To qualify, you must:

  • Have completed the 2017/18 FAFSA by 6/30/18 and submitted all required documentation, and;
  • Be Pell grant eligible, and;
  • Enroll in summer classes by the 6/14/18 Freeze Date, and;
  • Be enrolled for one or more additional payment periods during the award year that are not otherwise fully covered by the student's initial scheduled award, and;
  • Be enrolled at least half time (6+ units), and;
  • Be meeting Satisfactory Academic Progress for 2018-19, and;
  • Have life Pell Grant eligibility remaining (check yours here, then clcick on Financial Aid Review).

Students must use all of the initial scheduled award before tapping into the additional 50%. A Pell payment for the summer, however, may consist of funds from both the initial scheduled award and the additional 50%.

Students who enroll gull time (12+ units) and receive the full time Pell amount for fall 2017 and spring 2018 must enroll are least half time (6+ units) in summer to receive the additional summer grant. 

Students who enrolled part time for fall 2017 or spring 2018 have no minimum credit requirement to receive a summer Pell grant (unless required by their Estimated Family Contribution). Students can sue the remainder of their annual Pll Grant amount during the summer.

Please see examples below of summer Pell eligibility:

Fall 2017 (Pell paid)

     Spring 2018 (Pell paid)

Summer 2018 (Pell eligibility)

$2,960 

$2,960 

0.00
(enrolled 3 units, no additional Pell)

$2,960 

$2,960 

$1,480 
(enrolled in 6 units, additional eligiblity)

$1,480 

$2,960 

$2,220 
(enrolled in 9 units, using remaining Pell plus additional Pell eligibility)

0.00

$557

$2,908 
(enrolled in 12 units, using remaining Pell eligibility only)

Satisfactory Academic Progress

Students must meet the 2018-19 financial aid satisfactory academic progress standards calculated at the end of the spring 2018 term (after grades are submitted).  Disqualified students would not be eligible for aid beginning with the summer 2018 financial aid term (excluding BOGFW). Disqualified students will have the opportunity to appeal. Go to www.swccd.edu/sap for more information.

Transfer Students
Students who attended a school other than Southwestern College for the fall 2017 and/or spring 2018 terms are considered transfer students. These students will require transfer monitoring prior to disbursement in order to determine their Pell eligibility for the summer 2018 term.

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


BankMobile Vibe
Southwestern College has partnered with Bank Mobile (formerly Higher One®) to offer students a secure and flexible method to receive their financial aid funds. Students may choose to have funds automatically deposited to a current checking account, open a BankMobile account or receive a paper check. Students may also change their deposit method choice at any time. All students must have a deposit method choice on file for fund disbursement.

New students will receive a bright green envelope from BankMobile 3-5 days after they are awarded financial aid. Once it arrives, simply follow the instructions to choose a deposit method. It is important to complete this process as soon as possible to ensure there is not delay in receiving funds! 

Continuing students will continue to receive funds from SWC as they have in the past. However, students always have the option to change their deposit method choice at any time.

Free viewers are required for some of the attached documents.
They can be downloaded by clicking on the icons below.

Download Acrobat Reader Download Flash Player Download QuickTime Download Windows Media Player Download Microsoft Silverlight Download Word Viewer Download Excel Viewer Download PowerPoint Viewer
Last updated: 6/14/2018 8:41:57 PM