Disbursement Information: Spring 2018
Financial Aid will apply toward your tuition, fees, and other authorized charges on April 13, 2018 after 5 p.m. if you have met all requirements. Login to your Bobcat Web Account and click My Overall Status.
Registration and Enrollment
The amount of financial aid you receive depends on the number of credit hours in which
you are enrolled in April 13, 2018 at 5 p.m. and may be different from your offer
amount.
- Offered amounts default to full-time (12 or more credit hours) but will be adjusted 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.
- Adjustment to financial aid for increased enrollment may be made only if you are waitlisted in a late starting class on April 13, 2018 at 5 p.m.; AND add the class within the 100% refund period: AND notify the Financial Aid Office after adding the class.
- Classes must be taken for credit, not audit, to count toward financial aid.
- 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 | not eligible | 50% | 75% | 100% |
| Federal Direct Student Loans | not eligible | 100% | 100% | 100% |
|
*Depending on enrollment, expected family contributions of 3501 or higher may not calculate with the above percentages. |
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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.
- Please speak to a Financial Aid Specialist before withdrawing for classes.
- For more information, please review COCC's repayment policy.
Bookstore Credit
You may be able to purchase up to $600 in books and supplies on credit at the COCC
Bookstore beginning March 12, 2018. If eligible, you may charge books at the COCC
Bookstore until 5 p.m. April 13, 2018.
- To be eligible for a bookstore credit, all requirements must be satisfied, your award(s) must be accepted, you must be enrolled, your accepted financial aid must be more than your other term expenses, and you may not have an outstanding account balance.
- 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 deducted along with tuition and fees from your total financial aid award for the term.
Refunds and Account Balances
Late fees of $30 per week will be imposed for outstanding balances. Pay any outstanding
balance due to COCC after financial aid has been disbursed by April 20, 2018 to avoid
late fees. The maximum amount of late fees applied is $90.
- The Cashiering Office will send refunds for processing the first business day following disbursement.
- For more information, please review our 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 May 2, 2018.
- If you have a one term loan, it will be divided into two disbursements, the second half being applied May 11, 2018.
Satisfactory Academic Progress
To maintain eligibility for financial aid, a student must comply with standard requirements.
Failure to meet these requirements may result in the denial of federal financial aid
at COCC.
- Students must maintain a cumulative GPA of 2.0 and a completion rate of 66.67% or better.
- Aid is limited to 150% of a student's program credit length (approximately 135 credits for a two-year degree and 75 for a one-year certification). As soon as it is clear the student cannot graduate within this period, he/she becomes ineligible for aid.
- For more information, please review COCC's SAP policy.