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Financial Aid Disbursement

About Financial Aid Disbursement

All financial aid received on a student’s behalf will be posted to the student's account to be applied to direct costs to include tuition and related fees, as well as dorm and meal plan charges if applicable. If after all charges have been covered and there is a credit remaining, then the student will be eligible for a refund of the remaining balance.

Federal loans, including Direct Stafford and PLUS, will be applied to the student's account in two disbursements each semester. Please click the button below to see a sample disbursement.

For all Federal loans, the first disbursement will occur 30 days from the start of the semester. The second disbursement will occur 60 days from the start of the semester. Financial Aid refunds will be processed to eligible students via direct deposit or check beginning the fifth or sixth week of the semester, after course attendance and class participation is verified.

Please refer to the disbursement schedule (Financial Aid Deadlines and Timeline below) to determine when funds will be released.

You have the right to cancel all or part of any loan disbursement made on your behalf. You have the right to cancel the disbursement(s) by submitting written notification to the Cashier’s Office within 14 days of the disbursement.

Hocking College delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Visit this link for more information: https://bankmobiledisbursements.com/refundchoices/. 

 

To view our third-party servicer contract for refund management, click here.

 


Disbursement Deadlines

Students who are planning to utilize financial aid to pay their charges must have a valid FAFSA on file and if accepting student loans, completion of the Entrance Loan Counseling and the Master Promissory Note. Hocking College priority deadline for the FAFSA is February 1. If a student’s financial aid is not confirmed by the first day of the semester that the student plans to enroll, it is the student’s responsibility to confirm an alternative payment option.

Federal Direct Loan Disbursements & Expected Refund Check Availability

The college will disburse federal loans in two payments each semester. The Disbursement dates below are when the funds are requested from Federal Student Aid. The dates refunds will be available to students are listed below.

SEMESTER DATE REFUND AVAILABLE*

PELL, FESEO, & Scholarships
Summer 2023 Pell, Scholarships (Disburse 7/13/2023)
Summer 2023 Student and parent Loans (Disburse 7/13/2023)


July 20, 2023
July 20, 2023

PELL, FESEO, & Scholarships
Autumn 2023 (1st Half PLUS)(Disburse September 21, 2023) 
Autumn 2023 (1st Half Student Loans) (Disburse September 18, 2023)
Autumn 2023 (PELL) (Disburse September 18, 2023)
Autumn 2023 (2nd Half PLUS) (Disburse November 16, 2023)
Autumn 2023 (2nd Half Student Loans) (Disburse November 13, 2023)
Autumn 2023 (Scholarships) (Disburse November 16, 2023)


September 29, 2023
September 25, 2023
September 25, 2023
November 24, 2023
November 20, 2023
November 24, 2024

PELL, FESEO, & Scholarships
Spring 2024 (1st Half PLUS) (Disburse February 22, 2024)
Spring 2024 (1st Half Student Loans) (Disburse February 19, 2024)
Spring 2024 (PELL) (Disburse February 19, 2024)
Spring 2024 (2nd Half PLUS) (Disburse April 19, 2024)
Spring 2024 (2nd Half Student Loans) (Disburse April 18, 2024)
Spring 2024 (Scholarships) (Disburse April 18, 2024)


March 1, 2024
February 26, 2024
February 26, 2024
April 26, 2024
April 26, 2024
April 26, 2024
*Refunds will be processed for students who are eligible.
NOTE: If you are expecting a refund excess financial aid, your Financial Aid Checklist must be completed at least one week prior to the refund availability date. A refund is issued only when there is more aid than charges. If you owe the college a balance, there is no expectation of a refund.


Satisfactory Academic Progress (SAP) Deadlines

Students who have lost their eligibility for financial aid and student employment due to failure to meet Satisfactory Academic Progress (SAP) standards have the opportunity to submit an appeal. The appeal form, along with all required documentation, will need to be returned to financial aid for review. 

SEMESTER TO BE CONSIDERED APPEAL DEADLINE
Summer 2023 No deadline
Autumn 2023 No deadline
Spring 2024 No deadline

Entrance Loan Counseling

Learn more

Master Promissory Note

Learn more


Contact

Last names beginning with A – L, please contact
Debra Canter  canterd@hocking.edu
Last names beginning with M – R, please contact
Stephen Powell powells25816@hocking.edu

Last names beginning with S– Z, please contact
Mary Russell Russellm@hocking.edu

Assistant Director to Financial Aid
Mary Russell  russellm@hocking.edu

 

 


Learn More About Paying For College


Get Started With Financial Aid Applications

 

 

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