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Disbursement Information

REMINDER: Financial Aid disbursement refunds are not released until Tuesday at 1:30pm beginning the third week of the term. The Scheduled Disbursement Date which shows on your online Financial Aid Statement is used for internal processing only.

-Disbursement Schedule

-Fequently Asked Disbursement Questions

IMPORTANT CHANGES BEGINNING WINTER TERM 2014


As a result of your valuable feedback and the college's default management efforts, the Financial Aid office is pleased to announce that the following changes have been made to the Financial Aid Disbursement Schedule, beginning Winter Term 2014:

1. Students will now be able to charge their books at the KCC Bookstore through the second Wednesday of the Term.
This is a three-day increase from previous terms.

2. Disbursement for eligible students, who have completed all necessary financial aid requirements, will now occur every Tuesday after 1:30 PM, beginning the third week of the term.


FINANCIAL AID DISBURSEMENT SCHEDULE
Disbursement Date Description Location/How Disbursed
March 25, 2014 Winter Make-up Disbursement Building 3 - Cashier
April 1, 2014 Winter Make-up Disbursement Building 3 - Cashier
April 8, 2014 Winter Make-up Disbursement Building 3 – Cashier
April 15, 2014 Spring First Disbursement Building 4 (Commons) – In Person
April 22, 2014 Spring In-Term Disbursement Building 3 - Cashier
April 29, 2014 Spring First-time Borrower’s Disbursement Building 3 - Cashier
May 6, 2014 Spring In-Term Disbursement Building 3 - Cashier
May 13, 2014 Spring In-Term Disbursement Building 3 - Cashier
May 20, 2014 Spring In-Term Disbursement Building 3 - Cashier
May 27, 2014 Spring In-Term Disbursement Building 3 - Cashier
June 3, 2014 Spring In-Term Disbursement Building 3 - Cashier
June 10, 2014 Spring In-Term Disbursement Building 3 - Cashier
June 17, 2014 Spring Make-up Disbursement Building 3 - Cashier
June 24, 2014 Spring Make-up Disbursement Building 3 - Cashier


FAQs

How many weeks before the term starts should I file my FAFSA?  In order to allow yourself and our office the time necessary to receive your Free Application for Federal Student Aid, complete the initial processing, notify you of any documents needed and receive such documentation from you, we recommend you file twelve weeks in advanced.
What must be completed before I am able to charge books to my financial aid account?  In order for your financial aid account to be “book-charge ready” you must have returned a signed award letter and completed any fund-required tasks such as Entrance Counseling or your Master Promissory Note. 
How long are charges accepted at the Bookstore?  You are able to make eligible financial aid charges to your account at the Bookstore beginning two weeks prior to the term beginning and through the Wednesday of the second week into the term.
When do financial aid disbursements start each term?  The first disbursement for each term (beginning Winter Term 2014) will be the third Tuesday at 1:30pm in the Building 4 Commons.  Subsequent disbursements will be held every Tuesday at 1:30pm in Building 3.
What does being a “first-time borrower” mean?  A first-time loan borrower is any student who has never received student loan funds through the Direct Loan program.  Per federal regulation, first-time loan borrowers are subject to a 30-day hold on any loan funds being disbursed in order to prove academic success.
As a “first-time borrower,” how does this change in disbursement dates affect my aid being disbursed?  As a first-time borrower, the change in disbursement dates will not affect your aid in way except that your direct loan disbursement will be held for 30 days into the term and then disbursed on the next Tuesday at 1:30pm in Building 3.

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Klamath Falls OR 97603 541.882.3521
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