Disbursement Information: Spring 2017

Financial Aid will apply toward your tuition, fees, and other authorized charges on April 14 after 5 p.m. if you have met all requirements.  Login to your Bobcat Web Account and click ‘My Overall Status’.

Refunds and Account Balances
Check your Bobcat Web Account to see if a "Refund Complete" is posted.  Once this message is posted to your Bobcat Web Account, the process can take 2-14 days for you to receive funds depending on your refund selection.

Pay any balance due to COCC after financial aid has been disbursed by Friday, April 21 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 April 21.  Additional late fees will be assessed weekly to a maximum of $90.

Registration and Enrollment 
The amount of financial aid you receive depends on the number of credit hours in which you are enrolled in on April 14 and may be different from your offer amount. 

  • Offered amounts are based on full-time enrollment and may be reduced if you are part-time.
  • 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 wait listed in a late starting class on April 14; 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%
    Oregon Promise Grant
    not eligible
    50% 
    75% 
    100% 
    COCC Foundation Scholarship not eligible 50% 75% 100%
    COCC Merit Scholarship not eligible 100% 100% 100%
    COCC Honor Scholarship not eligible
     not eligible
    not eligible
    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.

    Bookstore Credit
    You may be able to purchase up to $600 in books and supplies on credit at the COCC Bookstore beginning March 13.  If eligible, you may charge books at the COCC Bookstore until 5 p.m. April 14.

    • 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.to see if you have a bookstore credit.
    • Books and supplies charged at the Bookstore will be deducted along with tuition and fees from your total financial aid award for the term.  


    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 3.
    • If you have a one term loan, it will be divided into two disbursements, the second half being applied May 12.

    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, review the complete Repayment of Financial Aid policy.

    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, review the complete Satisfactory Academic Progress policy.

In this Section