Financial Aid Disbursement Period

New Fall 2021 Financial Aid Disbursement

 

Aid Disbursement

Effective this Fall 2021 semester, all student financial aid will disburse only after the Add/Drop Enrollment period to ensure eligibility. To be eligible for Financial Aid you must enroll for and attend courses that all count toward your degree. Eligibility for federal financial aid is contingent upon meeting the Satisfactory Academic Progress Standards (SAP) required. Because your cumulative credit and GPA record must be evaluated the timing may require your fall award to be revoked in the event it is determined you do not meet the minimum academic standards required.  

Enrollment Update. If you plan to enroll less than full-time (12 credits UG/6 or 9 credits GRAD) for the upcoming academic year 2021-2022, we ask that you proactively advise the financial aid office by completing and submitting the Enrollment Update Form here.

Attendance Confirmation.  In addition, faculty will be taking attendance during the 1st week of class.  You must be confirmed to be in attendance at least once during that time to be eligible to receive federal aid.  If you do not actually ever begin attendance in at least 6 credits, you cannot receive any of your loan funds and may owe the Student Financial Services.  NO FEDERAL AID WILL BE DISBURSED to a student’s account until attendance confirmation has been completed.

IMPORTANT

Federal Aid will not post to a student’s account until they are actually attending the number of credit hours they were awarded (minimum of 6 credit hours).  If you do not meet the minimum number of awarded credits your federal aid will not post.  Please plan accordingly for any external expenses you may have that you were counting on using excess loans as funds. Funds will not be available until after the Add/Drop Enrollment period and Attendance Confirmation period has been completed.

Please note that all other aid (besides federal aid) will be disbursed and refunded throughout the attendance confirmation period as usual.

If you have any questions or concerns, please do not hesitate to contact Student Accounts. As always, our office has an open door policy Monday through Friday 9am-5pm. You can also reach us via phone at 703-284-1490 or by email at saccount@marymount.edu.