Disbursement of Financial Aid 2012-13

Financial aid refunds are issued according to the disbursement dates listed below

NEW PAYMENT INFORMATION BEGINNING SUMMER 2012

 

 Financial Aid Awards Summer 2012 Fall 2012 Winter 2013 Spring 2013
Approved PELL Grant, Oregon Opportunity Grant, SEOG Grant, other grants, Perkins Loan, Direct Stafford Loan, and Nursing Loan

July 5th

October 3rd

January 16th

April 10th
First-time (30 day delay) Direct Stafford Loan

July 25th

October 24th

February 6th

May 1st
One-term Direct Stafford Loan (midterm disbursement)

August 2nd

November 5th

February 14th

May 9th

 

Disbursement Information:

Financial aid refunds are issued electronically through the My Refunds program at PCC beginning the second week of the term..

Getting your refund will be as easy as 1...2...3...

  • Accept your financial aid award online via MyPCC.
  • Check your PCC email for the "Time to Sign Up for My refund" message.
  • Select your refund preference through the My Refunds* link to receive your refund. Select from:
  1. Direct deposit to your current checking or savings account, or
  2. A free Sallie Mae account that comes with a debit MasterCard

For questions, please visit: www.pcc.edu/MyRefunds

Make sure that your address is correct to avoid delays. You can view your current mailing address online via myPCC. Once signed in, select MY RECORDS under Quick Links channel, click PERSONAL INFORMATION, select VIEW ADDRESSES AND PHONES. You may ask to update your address by calling 971-722-8888 and choosing option 2.

 

Note: The actual date your funds will be available will depend on the date you were awarded and your application was processed by PCC. In addition, loans require entrance counseling and completion of Direct Loan Master Promissory Note.

If your award is not enough to cover all term charges, you must pay the difference immediately.

Students attending Tillamook Bay must pick up their refund check from the campus Business Office where they attend.

Additional loan disbursement information:

1st Disbursement

At PCC, disbursements begin the Wednesday of the second week of the term. For example, fall disbursement begins on October 5, 2011.

30-day Delay

Students who are first-time, first-year borrowers (have never borrowed a Federal Direct and have less than 45 credits of 100/200 credits of A, B, C or Pass) would receive their first disbursement according to disbursement chart above.

Note: If a student is a first-time/first-year borrower for Fall, there will be no similar delay for Winter or Spring.

One-term Loan

Students occasionally will ask for a loan for only one term. According to the chart above, if it is a one-term loan for Fall only, the first disbursement would begin October 5, 2011 and the second at mid-term, on November 7, 2011. One-term always means two disbursements.

One-term and First-time/First-year

The 30-day delay shifts the first disbursement to October 26, 2011.The second remains November 7, 2011.

PLUS

All PLUS Direct Loans require the following:

  • No 30 day delay disbursement
  • If one term loan there will be only one disbursement for PLUS loan.
  • PLUS will not disburse if student is in disqualified status