Disbursements are scheduled 2 to 3 times a week throughout the semester. Some aid programs require us to wait until we receive the funds from the outside source before a disbursement can be made. If you take a Leave of Absence or Withdraw from school, your financial aid may be prorated for the amount of time you were in school as directed by program guidelines. The Return of Title IV Federal Funds, the Return of Mass. State Funds, and the institution's refund policies are explained in this brochure. Do not exit or leave the College until you have spoken with a financial aid administrator to see what impact that decision has on receipt and disbursement of your financial aid.
Regulations differ for state programs.
Other loan programs require that you also sign your note and have an entrance interview before funds are disbursed. If you haven't met these requirements, loans will be cancelled when you don't respond to our requests. A portion of Title IV grant and loan funds may be returned when a Title IV recipient attends, but then leaves the College during the semester. The Financial Aid Office will determine your eligibility for funds based upon regulations and program guidelines. The percentage of aid earned is determined by dividing the number of days the student attended during the enrollment period by the total number of calendar days in the enrollment period.