headerText.style.position="relative"; We publish a detailed discussion of the FAFSA application process in the Application and Verification Guide volume of the 2021-2022 Federal Student Aid Handbook and in the 2021-2022 ISIR Guide. "Colleges and universities set the disbursement date, and disburse aid no more than 10 days prior to the start of the term.". rightText.style.font= "inherit"; Financial Aid Office for your specific seconddisbursement date. on yanaBottomButton.style.display = "block"; If you withdraw from school or your enrollment status changes, you may need to . yanaFrame.style.border = 0; var yanaApp = document.getElementById("yana-wrapper"); If the recalculation reduces your eligible amount, you will be responsible for repayment of any over-payment. All registered students are eligible to purchase books at a PSU bookstore/PSU Bookstore online and add the bookstore charges to their Penn State student account. Consistent with the National Student Loan Data System (NSLDS) Enrollment Reporting Guide, the Secretary has determined that institutions must report at least every two months. Until the ACFR grants it official status, the XML documents in the last year, 11 Important Information: ALL Financial Aid Checks will be mailed, 2023 Trustees of the California State University, CSU Trustees Awards for Outstanding Achievement. All financial aid related items on the To Do List in your CUNYfirst Student Center must be resolved and your class registration must be complete at least 4 weeks before the start of classes to receive the 1st Pell refund on the above date. Event Calendar These are tax-advantaged investment accounts. Program Authority: 20 U.S.C. Disbursement of Federal Direct Loans and the Pell Grant Per federal regulation, we can begin the disbursement process of federal funds no earlier than 10 days prior to the semester begin date. Trying to fund your education? [CDATA[// >/Metadata 234 0 R/ViewerPreferences 235 0 R>> documents in the last year, 20 The first disbursement will be 25% of your scheduled semester award. rightText.style.cursor="pointer"; If you fail to receive payment for a course you are attending, an award recalculation will be made once your enrollment records are corrected. By clicking submit, you are agreeing to our Terms and Conditions & Privacy Policy. Other aid sources such as state grants and outside scholarships will disburse into your bursar account when the funding has been received by Penn State. If students are enrolled in less than (b) The disbursement date under the reimbursement or the Heightened Cash Monitoring Payment Method 2 (HCM2). 1st half of Pell Grant (if not yet received) February 2, 2022. The City University of New York Grant Type. short term classes, summer classes). Apply early to prevent any delays. Also, see the NSLDS Enrollment Reporting Guide. Applicable Regulations: The following regulations apply: (1) Student Assistance General Provisions, 34 CFR part 668. (3) William D. Ford Direct Loan Program, 34 CFR part 685. Pell Grant and Cal Grant awards are prorated, based on enrollment. After October 8th, refunds will be issued weekly as students become eligible. Disbursement Date: Disbursed: August 24, 2022: First Fall Disbursement (Pell Grant and Loans); . Please check with the relevant outside agency to determine an estimated disbursement date of your funds. documents in the last year, 822 After this date, expect a 2-week processing time after being awarded to be on the next scheduled Pell disbursement. leftText.style.display="block"; Visit Health Watch for COVID-19 updates. Housing, Food Services, and Residence Life, Privacy, Legal and Accessibility Statements, For the latest COVID-19 news and information, visit Penn State's, All registered students are eligible to purchase books at a PSU bookstore/PSU Bookstore online and add the bookstore charges to their Penn State student account. Experts say the process is often a seamless one, but there are some steps students can take to avoid a delay in receiving their financial aid. window.addEventListener("message", receiveMessage, false); To be eligible to receive the additional Pell Grant, students must: Have completed the 2021/22 FAFSA by 6/30/21 and submitted all required documentation, and; . Please note that. var appName = "Ask CalStateLA"; Federal Register. headerText.setAttribute('id', 'yana-top-paragraph'); 03/03/2023, 43 yanaBottomButton.addEventListener("blur", function () { appHeader.style.backgroundColor = topButtonColor; August 25, 2022. In the 2016-2017 academic year, the program provided more than $28 billion in grant money to more than 7 million students. yanaFrame.setAttribute('src', frameURL); Fall 2022 Financial Aid Disbursement Schedule. Refer to yourFinancial Aid Loan Certification Emailfor youranticipatedfirstdisbursement date. var frameURL= "https://calstatela-production-webappservice.mybluemix.net/" If you receive a financial aid payment for a class or classes you have never attended, you must return that payment immediately to the college. Prospective online students should research whether their program is accredited, has added fees or requires travel. rightText.addEventListener('click', openClose); In these cases, colleges issue a refund. Eligibility requirements differ among the various financial aid programs. headerText.style.color = headerTextColor; What You Need to Know About College Tuition Costs. New Documents var yanaBottomButton = document.createElement('button'); You may receive federal award payments (including Pell Grant, FSEOG, FWS, and Direct Loans) for no more than 30 hours of non-credit remedial course work. The earlier of: (a) 15 days after the student reenrolls; or Federal Pell Grant awards will be divided in two payments each semester. may have been reinstated after Summer, Fall and Spring terms grades posted, may experience You may receive up to 3 full-time semesters of Pell Grant in any award year.