Financial Aid & Scholarships: News Update
Awards and Basic Information for 2011-2012
The Office of Financial Aid and Scholarships continues to process financial aid applications on a daily basis and will be awarding on a weekly basis records that meet the completed requirements.
This has been a most unique year as many major financial aid programs were either eliminated or experienced severe budget allocation reductions.
Through this page and the various pages of our web site we will keep everyone abreast of the changes as they occur.
Best wishes and look forward to a great academic year.
Maria del C. Ramos
Director, Office of Financial Aid & Scholarships
Disbursements for the 2011-2012 academic year
The earliest financial aid can be released is 10 days prior to the first day of classes for the semester. Below are the dates when we will start to release financial aid for those students meeting all financial aid requirements in the semester. The dates represent the dates when financial aid will start to be released to the Office of Student Accounts.
Fall 2011 semester process will start - August 19, 2011
Spring 2012 semester process will start - January 7, 2012
Applied and Visible on accounts: January 9, 2012
Summer 1 2012 session process will start - May 25, 2012
Summer 2 2012 session process will start - June 29, 2012
*Special Note for entering freshmen and Federal Direct Loan funds
The earliest we can release federal direct loan funds is 30 days after the first day of class in the semester the student stars at A&M-Commerce
For the Fall 2011, the date will be September 28, 2011
For the Spring 2012, the date will be February 17, 2012
*Special Note for one semester only loans
Federal loan programs must always have two disbursements in any one loan period. The 2nd installment will occur after the midpoint of the loan period. These dates correspond to the release dates of one term only loans.
Fall 2011 only loans
1st release is August 19, 2011
2nd release is September 28, 2011
Spring 2012 only loans
1st release is January 7, 2012
2nd release is March 15, 2012
“When will refunds be available, if applicable?”
A credit balance on your student account indicates a potential refund. Student Accounts will process that refund and it will be sent to you by direct deposit (if you have signed up for that option) or a check will be mailed to you. All refunds require several business days to process. When a refund entry appears on your student account, you should add at least five to seven working days to the refund date to get an estimated completion date. Delivery time to your bank account or mail address will vary.
