Financial aid awarded in the form of grants, scholarships, and loans will be applied
toward my student bill first and will pay outstanding tuition, fees, and room (if
applicable) authorized charges I owe to GCC.
Financial aid is paid to your GCC student account after the census date, approximately
two (2) weeks into each term.
Students scheduled to received more financial aid than the balance owed to GCC may
be issued a refund.
If eligible for a refund, it will be issued on the refund preference selected (within
14 days of disbursement).
Students are responsible for ensuring that their address is valid.
Federal regulation mandates that all first-time borrowers of federal loans must wait
30 days from the first day of classes for the loan to disburse. If participation in
academically related activities is not performed by me before or after disbursement
of any loan, eligibility for student loans will immediately be voided and will be
referred to a loan servicer for immediate repayment of my loans.
Federal regulation mandates that all federal loans be released in two (2) disbursements.
Most loans will automatically be scheduled across two (2) semesters (i.e., fall and
spring or spring and summer).
