Financial Aid...Receiving Financial Aid and Loan Money
Disbursement of financial aid funds vary from
program to program. To determine how funds will be disbursed, it is
necessary to know what type of financial aid is being received.
Pell Grant, SEOG, OIG, OCOG, PTIG, Loans and Development Foundation
Scholarship:
Approximately 1 week prior to each quarter, the student will receive a
fee invoice. If one of the financial aid programs listed above is
scheduled to be paid for that term, the amount will appear on the fee
invoice. A disbursement of $500 or the total credit balance (whichever
is less) will be issued to the student, either by check or by electronic
funds transfer. Students can sign up for direct deposit through the
Grants, Contracts and Loans office on the second floor of Rhodes Hall. Any remaining
credit balance will be released to the student's bank account after the
end of the 100% refund period (approximately the 9th day of the
quarter).
Students must pay fees in full before the payment
deadline or their classes will be dropped.
Please Note: Financial aid does not automatically pay fees for courses
added after the fee payment deadline. You may contact the Financial Aid
Office for fee payment options. Additionally, financial aid will not be
available to pay for courses added after the 100% refund period of a
class section.
Federal Stafford Loans (electronic funds transfer)
Funds will be disbursed to Columbus State electronically. Once the funds
arrive, the student’s continued eligibility will be reviewed to
determine if the funds may be applied to the student’s account.
Federal PLUS Loans
Great Lakes PLUS Loan funds are sent to the college through electronic
funds transfer and are credited to the student billing account
upon receipt. Sallie Mae PLUS Loan funds are sent to the college in the
form of a paper check made payable to the parent borrower. Checks will
be disbursed according to procedures established by the Columbus State
Business Office.
Federal Work-Study
Students who work a federal work-study job are paid twice a month (the
15th and the last day of the month). The student may request the Payroll
Department to deposit these funds directly to their bank account.
Direct Deposit
Students may elect to have
Columbus State direct-deposit any remaining funds to the student’s
checking or savings account. Students may have these funds deposited to
an existing account, or they may opt to have the remaining balance on
their CSCC student account delivered to them in the form of a
StratusCard account. Additional information regarding the StratusCard
program, including the enrollment application, is available in the CSCC
Cashier’s Office.
Late Financial Aid Awards
If a student’s financial aid is delayed they must plan to pay their fees
in order to be reimbursed for whatever financial aid they are eligible
to receive. Failure to make the appropriate payment prior to the fee
payment deadline for the quarter will result in the student being
dropped from their classes.
Please Note: Financial aid does not automatically pay fees for courses
added after the fee payment deadline. You may contact the Financial Aid
Office for fee payment options. Additionally, financial aid will not be
available to pay for courses added after the 100% refund period.
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