Financial Aid Payment and Refund Policy
Frequency of Payments
- Pell and campus based grant payments are made in the Fall and Spring terms
in each academic year. Any unused Pell entitlement may be used during the
following summer term. If you do not attend the first semester, all awards
will be canceled for the year. Students must notify the financial aid office
in writing if they plan to return to TCC for the next semester to have the
financial aid awards re-processed. Depending on availability of funds, campus-based
aid may not be available to be re-awarded. Early registrants may be able to
charge books to their Pell account after tuition/fees are deducted, generally
two weeks prior to the begin date of classes. The balance of the awards, if
any, is made by check approximately 8 weeks after the semester begins. These
checks are mailed to the student's home address.
- Federal Work-Study Program payments
are made by check twice per month to students employed in this program. Work-study
is available for eligible students during all terms of the year, depending
on fund availability. Scholarship payments are made by Tuition charges or
by check, depending upon the desires of the recipient and/or the donor.
College policy concerning refunds of tuition payment to students is
contained in the Student Handbook section of the College Catalog. There is a
5% administrative fee that the school may keep for these refunds. Federal regulations
require the college to refund financial aid programs on behalf of the student,
depending on the withdrawal date from all classes.
Federal regulations require that repayments must be made by students
in the event overpayments of grant funds occur. If, prior to the end of the
drop/add period, a student:
- withdraws from college,
all grant funds paid to the student must be repaid by the student.
- Drops to less than full-time
or to less than the number of hours/or which tuition was paid, grant funds
paid to the student which exceed the recalculated award must be repaid by
may be required to repay funds at other times of withdrawal.