GH Hall

Disbursements & Refunds

Financial Aid Disbursement Schedule

Financial Aid Remaining Balance Refund disbursements are anticipated to occur as follows.  Attendance certification must be completed for all courses before disbursement will begin.  Contact a campus financial aid specialist if you have any questions about the disbursement process. If you have any questions about the refund process and preferences, please contact the Business Office.

 

Session

Classes Start

Last Day to Drop with a Refund:

Scholarships: Remaining 

Grants: Remaining Balances

Direct Loan: Remaining Balances

15-Week Session

1/11/21

1/26/21

2/12/21

2/19/21

2/8/21

(first possible disbursement date)

First 7-Week Session

1/11/21

1/15/21

2/12/21

2/19/21

2/8/21
(first possible disbursement date)

First 5-Week Session

1/11/21

1/14/21

2/12/21

2/19/21

2/8/21
(first possible disbursement date)

12-Week Session

2/2/21

2/12/21

2/26/21

3/5/21

2/22/21
(first possible disbursement date)

10-Week Session

2/16/21

2/25/21

3/12/21

3/19/21

3/15/21
(first possible  disbursement date)

Second 5-Week Session

2/16/21

2/19/21

3/5/21

3/12/21

3/15/21
(first possible disbursement date)

Second 7-Week Session

3/9/21

3/22/21

4/2/21

4/9/21

4/5/21
(first possible disbursement date)

Third 5-Week Session

3/30/21

4/2/21

4/16/21

4/23/21

 4/19/21
(first possible disbursement date)

Session

Classes Start

Last Day to Drop with a Refund:

Scholarships: Remaining 

Grants: Remaining Balances

Direct Loan: Remaining Balances

10-Week Session

5/24/21

6/3/21

6/18/21

6/21/21

6/21/21

(first possible disbursement date)

First 5-Week Session

5/24/21

5/27/21

6/18/21

6/21/21

6/21/21
(first possible disbursement date)

7-Week Session

6/15/21

6/22/21

7/9/21

7/12/21

7/12/21
(first possible disbursement date)

Second 5-Week Session

6/30/21

7/6/21

7/19/21

7/19/21

7/19/21
(first possible disbursement date)

Session

Classes Start

Last Day to Drop with a Refund:

Scholarships: Remaining 

Grants: Remaining Balances

Direct Loan: Remaining Balances

15-Week Session

8/23/21

9/7/21

9/24/21

10/1/21

10/11/21

(first possible disbursement date)

First 7-Week Session

8/23/21

8/27/21

9/24/21

10/1/21

10/11/21
(first possible disbursement date)

First 5-Week Session

8/23/21

8/26/21

9/24/21

10/1/21

10/11/21
(first possible disbursement date)

12-Week Session

9/14/21

9/24/21

10/8/21

10/15/21

10/11/21
(first possible disbursement date)

10-Week Session

9/29/21

10/8/21

10/22/21

10/25/21

11/5/21
(first possible  disbursement date)

Second 5-Week Session

9/29/21

10/4/21

10/15/21

10/22/21

10/25/21
(first possible disbursement date)

Second 7-Week Session

10/20/21

10/26/21

    11/12/21

11/19/21

11/19/21
(first possible disbursement date)

Third 5-Week Session

11/4/21

11/9/21

11/19/21

11/22/21

 11/29/21
(first possible disbursement date)



 

Direct Loans disbursements for first-time borrowers is dependent on the date of the student’s first class of the semester and will vary based on the option you selected to receive your refund. For students who have been awarded a one-term, for example a Spring Only loan, loan funds will be posted to your student account in two separate disbursements.

Dynamic Session Classes have unique refund and withdrawal dates that may affect the dates of Grant and/or Direct Loan Disbursements. If you have any questions, please contact the Office of Financial Aid.

 

Refunds

As indicated above, financial aid is typically disbursed to your student account about 2-3 weeks after the term census for the latest starting class you are in enrolled in for the term (i.e. the last day to drop with a tuition refund for the longest session of the fall, spring, or summer term).  However, it may take an additional 2-3 weeks after you see the refund posted in your SIS account to receive any refund for excess financial aid depending on the refund preference selected. 

Visit the electronic disbursements and refund page to manage your refund disbursement preference and to set up direct deposit if you wish. You may view how quickly funds will be available to you, based on the refund method you have selected.  


Delayed Disbursements

Reynolds’ delayed disbursement process is used to prevent Pell Grants and Direct Loans from disbursing prior to students beginning attendance in the required number of financial aid eligible credit hours as required by the U. S. Department of Education. 


Grants

Students receiving Pell Grants are required to begin attendance in all financial aid eligible course before Pell Grants can be disbursed. 


Direct Loans

Students receiving Direct Loans who are registered for 6 or more eligible financial aid credit hours are required to begin attendance in 6 financial aid eligible credit hours before Direct Loans can be disbursed. Direct Loans will have two separate disbursements. Students must be enrolled in at least 6 eligible financial aid credit hours at the time of each disbursement installment. If you applied for a fall/spring loan, your loan will be disbursed once in the fall and once in the spring pending eligible enrollment. If you applied for a fall only or spring only loan, your loan will disburse twice within the semester. First time, first year borrowers must be confirmed in 30 days of enrollment before a loan will disburse.  


Parent PLUS Loans

Parents PLUS Loan funds are first used to pay tuition/fees and other charges for the student who is registered for 6 or more eligible financial aid credit hours and the student is required to begin attendance in 6 financial aid eligible credit hours before PLUS Loans funds can be disbursed. Remaining PLUS Loan funds, after all charges are paid, will be disbursed to the borrower or the student, depending on the borrower’s request provided on the submitted PLUS loan application.  PLUS Loan credit balances are issued to the parent as a check and sent via US mail, if the borrower indicated that refunds should be sent to the borrower.  If the borrower authorized the student to receive the excess aid for a refund, then the funds will be refunded based on the student’s documented refund preference.