Disbursement Information: Summer 2022
We are excited you are attending Summer term at COCC. Below is helpful information about your financial aid for the upcoming term. Important dates and deadlines may affect your ability to pay your costs or receive a refund. Financial Aid will apply toward your tuition, fees, and other authorized charges on July 1, 2022 by noon, if you have met all requirements. Login to your Bobcat Web Account and click "My Overall Status" to review your requirements.
Registration and Enrollment
Financial aid amounts depend on the number of credit hours you have July 1, 2022 by
noon. The amount you receive may be different from what is currently showing on your
Bobcat Web Account.
- Offered amounts begin at full-time (12 or more credit hours) but may be reduced during the second week of the term based on your enrollment.
- Late starting or short-term classes in which you are enrolled in are included in your enrollment for financial aid. Financial aid may not disburse until your classes begin.
- Dropping a late starting class within the 100% refund period, not attending or having a class cancelled may result in a reduction of financial aid.
- Classes must be taken for credit, not audit, to count toward financial aid.
- Increasing financial aid offers for added enrollment can only be made if you are waitlisted in a late starting class on July 1, 2022 by noon; AND add the class within the 100% refund period: AND notify the Financial Aid Office after adding the class.
- For more information, please review the payment schedule for part-time enrollment.
| 1/4 time 1-5 credits |
1/2 time 6-8 credits |
3/4 time 9-11 credits |
Full time 12+ credits |
|
| Federal Pell Grant * | 25% | 50% | 75% | 100% |
| Federal SEOG Grant | 100% | 100% | 100% | 100% |
| Oregon Opportunity Grant | not eligible | 50% | 50% | 100% |
| COCC Foundation Scholarship | not eligible | 50% | 75% | 100% |
| COCC Merit Scholarship | not eligible | 100% | 100% | 100% |
| Oregon Promise Grant | not eligible | 50% | 75% |
100% |
| Federal Work-Study Program | eligible to earn | eligible to earn | eligible to earn | eligible to earn |
| Federal Direct Student Loans | not eligible | 100% | 100% | 100% |
|
*Depending on enrollment, expected family contributions of $4100 or higher may not
calculate with the above percentages. |
||||
Repayment of Financial Aid
You "earn" federal financial aid by attending class. If you do not attend long enough,
you may need to repay a portion of your aid.
- Withdrawing, auditing or ceasing to attend may result in financial aid repayment. Incomplete (I) grades may also result in financial aid repayment and affect your completion rate.
- For more information, please review the repayment policy.
Bookstore Credit
You may be able to purchase up to $600 in books and supplies on credit at the COCC
Bookstore beginning May 31, 2022. If eligible, you may charge books at the COCC Bookstore
until 11:30 a.m. July 1, 2022.
- To be eligible for a bookstore credit, your financial aid must be ready for disbursement and exceed your charges.
- Check your Bobcat Web Account under financial aid messages to see if you have a bookstore credit available.
- Books and supplies charged at the Bookstore will be added to your term charges and subtracted from financial aid.
Refunds and Account Balances
Unpaid balances result in fees of $30 per week. Pay any outstanding balance after
financial aid has been disbursed by noon July 8, 2022 to avoid late fees. The maximum
amount of late fees applied is $90.
- The Cashiering Office sends refunds for processing the first business day following disbursement.
- For more information, please review COCC's refund process.
All Loan Borrowers at COCC
To receive a loan, you must be enrolled in 6 or more credits at the time of disbursement
to be considered eligible for federal student loans.
- You have the right to return a loan disbursement or cancel the loan in part or entirely. Notify the Financial Aid Office in writing within 60 days of your loan disbursement if you want to cancel part or all of your loan.
- If you are a new student receiving loans for the first time at COCC, your loan disbursement(s) will be delayed 30 days from the start of the term. Your loans will be applied July 21, 2022.
- If you have a one term loan, it will be divided into two disbursements, the second half being applied July 25, 2022.
Satisfactory Academic Progress
To maintain eligibility for financial aid, you must comply with certain academic requirements.
Failure to meet these requirements may result in the denial of aid at COCC.
- You must maintain a cumulative GPA of 2.0 and a completion rate of 66.67% or better.
- Aid is limited to 150% of your program credit length (approximately 135 credits for a two-year degree and 75 for a one-year certification). As soon as it is clear you cannot graduate within this period, you become ineligible for aid.
- For more information, please review the SAP policy.