Disbursement Information: Winter 2014
Financial Aid will be applied toward your tuition, fees, books and other charges on January 17 after 5 p.m. if you have met all outstanding requirements. Login to your ‘ Bobcat Web Account’ to check ‘My Overall Status’: www.cocc.edu.
Check your ‘ Bobcat Web Account’ account on Wednesday, January 22 to see if a “Refund(s) sent to Processor” is posted. Once this message is posted to your 'Bobcat Web Account' account, the process can take 2-14 days for you to receive funds depending on your eRefund selection.
Pay any balance due after financial aid has been disbursed to COCC by Friday, January 24 to avoid late fees. You may view your balance online through your ‘ Bobcat Web Account’. You are responsible for all charges not covered by financial aid funds. A late fee of $30 will be imposed for outstanding balances not paid by January 24. Additional late fees will be assessed weekly to a maximum of $90.
The amount of financial aid you receive depends on the number of credit hours in which you are enrolled on Friday, January 17 after 5 p.m. Classes must be taken for credit, not audited, to count toward financial aid. The amount of financial aid you receive may be different from your award offered amount. Award offered amounts assume full-time enrollment (12 credit hours). Offered amounts initially default to full-time enrollment (12 or more credit hours) but will be adjusted the second week of the term based on enrollment.
Short term classes:
Financial aid includes your enrollment in late starting classes. Dropping a late starting or short term class within the 100% refund period or not attending may result in a recalculation to your financial aid. If you are waitlisted in a late starting class on January 17 at 5 p.m., you must add the class within the 100% refund period and notify Financial Aid to be considered for any financial aid adjustment.
|Disbursement schedule for less than full time enrollment || || || |
| ||1-5 credits ||6-8 credits ||9-11 credits |
|Pell Grants* ||25% ||50% ||75% |
|Oregon Opportunity Grant ||not eligible || 50%** ||50%** |
|Supplemental Educational Opportunity Grant ||100% ||100% ||100% |
|COCC Foundation Scholarship ||not eligible ||50% ||75% |
|COCC Honors Scholarship ||not eligible ||not eligible ||not eligible |
|Direct Stafford Loans ||not eligible ||100% ||100% |
*Depending on enrollment, expected family contributions of 3401 or higher may not calculate with the above percentages.
| || || |
To be eligible for a bookstore credit, all outstanding requirements must be satisfied, your award must be accepted and you must be enrolled. You may be able to purchase books and supplies on credit at the COCC Bookstore starting December 3. Check your ‘ Bobcat Web Account’ for Active ‘Messages’ to see if you have sufficient financial aid for a bookstore credit. If eligible, you may charge books at the COCC Bookstore until 5 p.m. Friday, January 17 . Books and supplies charged at the Bookstore will be deducted along with your tuition and fees from your total financial aid award for the term. The maximum bookstore credit available is $600 for a term depending on aid eligibility.
If you are a new Direct Loan borrower at COCC, you are required to complete entrance loan counseling and sign your master promissory note before loans will be processed. Check online using your ‘ Bobcat Web Account’ for any outstanding requirements. If you are a new student and receiving loans for the first time at COCC, your loan disbursement must be delayed 30 days from the start of class. Your loans will be applied February 6. If you are only attending one term during the award year, your loan may be divided into two disbursements. Loans applied after January 17 require that you also be enrolled in at least 6 credits on the day the loans are applied. If you do not attend a term within the academic year, failure to notify the Financial Aid Office could delay disbursement of future loan funds.
You have the right to decline a loan disbursement or to cancel your loan entirely. Notify the Financial Aid Office if you wish to cancel a loan disbursement by sending an email to firstname.lastname@example.org. If your enrollment drops below 6 credits at any time during the term, your loan grace period will begin and exit counseling will be mandatory.
You may check current job postings online at: https://jobs.cocc.edu. Work-Study is limited. Work-study awards may be reduced due to fund availability and outside resources. Awards are projected maximum earnings only. COCC does not guarantee positions to all students awarded work-study. For more information visit: Work-Study or contact Deborah at 541-383-7263.
REPAYMENT OF FINANCIAL AID:
Students earn their federal financial aid by attending class. If you are not enrolled long enough to earn all of your aid, the unearned portion must be repaid. Completely withdrawing, auditing or ceasing to attend may result in financial aid repayment and may affect future financial aid eligibility. Incomplete (I) grades may also result in financial aid repayment and affect your completion rate. Click here to review the Repayment of Financial Aid policy.
SATISFACTORY ACADEMIC PROGRESS:
To maintain eligibility for financial aid, you must show satisfactory academic progress toward your educational program. Failure to maintain a cumulative GPA of 2.0 and a completion rate of 66.67% or better may result in denial of financial aid eligibility and is limited to a maximum number of calculated credits even if a certificate/degree is not earned. As soon as it is clear that a student cannot graduate within the maximum credit limit, they become ineligible for aid. Review the complete Satisfactory Academic Progress policy here.