Question 1

What is a disbursement?

BlueAtlas · Accepted Answer

A disbursement occurs when the Financial Aid Office credits your financial aid to your student account.

Question 2

What is a refund and when will I receive it?

BlueAtlas · Accepted Answer

You will receive a refund if your financial aid is greater than your tuition and fees. Refunds are processed through the Accounting Services Office within 14 days of the disbursement date.

Question 3

Will I be notified when my loans have been disbursed?

BlueAtlas · Accepted Answer

Yes, the Financial Aid Office will email you when we have disbursed your student loans to your student account. If you should choose not to accept all of the loan funds at the time of disbursement, please email the Financial Aid Office at studentservices@stcl.edu

Question 4

What if I want to change the loan amount I previously selected?

BlueAtlas · Accepted Answer

You may submit a Loan Modification Request Form to modify your loan amount. A separate form must be submitted for each loan modification. Please allow 2-3 business days for processing.

Question 5

What if I drop my classes before the end of the add/drop period?

BlueAtlas · Accepted Answer

If you drop all of your classes before the end of the add/drop period, the Financial Aid Office must return all of your loan funds to the U.S. Department of Education. If you received a refund, you must return it to the Accounting Services Office.

Question 6

What if I change my status from part-time to full-time after I received my refund?

BlueAtlas · Accepted Answer

If you change your enrollment status from part-time to full-time, you must email the Financial Aid Office at studentservices@stcl.edu if you wish to increase your student loans to cover your additional costs. Your loan amount will not automatically be increased.

Question 7

What if I change my status from full-time to part-time after I received my refund?

BlueAtlas · Accepted Answer

If you change your enrollment status from full-time to part-time after you receive your refund, the Financial Aid Office will recalculate your financial aid eligibility. As a result, you may need to return a portion of the refund that you received. It is advisable to see a Financial Aid Counselor before changing your enrollment status from full-time to part-time.

Question 8

What is a disbursement?

BlueAtlas · Accepted Answer

A disbursement occurs when the Financial Aid Office credits your financial aid to your student account.

Question 9

What is a refund and when will I receive it?

BlueAtlas · Accepted Answer

You will receive a refund if your financial aid is greater than your tuition and fees. Refunds are processed through the Accounting Services Office within 14 days of the disbursement date.

Question 10

Will I be notified when my loans have been disbursed?

BlueAtlas · Accepted Answer

Yes, the Financial Aid Office will email you when we have disbursed your student loans to your student account. If you should choose not to accept all of the loan funds at the time of disbursement, please email the Financial Aid Office at studentservices@stcl.edu

Question 11

What if I want to change the loan amount I previously selected?

BlueAtlas · Accepted Answer

You may submit a Loan Modification Request Form to modify your loan amount. A separate form must be submitted for each loan modification. Please allow 2-3 business days for processing.

Question 12

What if I drop my classes before the end of the add/drop period?

BlueAtlas · Accepted Answer

If you drop all of your classes before the end of the add/drop period, the Financial Aid Office must return all of your loan funds to the U.S. Department of Education. If you received a refund, you must return it to the Accounting Services Office.

Question 13

What if I change my status from part-time to full-time after I received my refund?

BlueAtlas · Accepted Answer

If you change your enrollment status from part-time to full-time, you must email the Financial Aid Office at studentservices@stcl.edu if you wish to increase your student loans to cover your additional costs. Your loan amount will not automatically be increased.

Question 14

What if I change my status from full-time to part-time after I received my refund?

BlueAtlas · Accepted Answer

If you change your enrollment status from full-time to part-time after you receive your refund, the Financial Aid Office will recalculate your financial aid eligibility. As a result, you may need to return a portion of the refund that you received. It is advisable to see a Financial Aid Counselor before changing your enrollment status from full-time to part-time.

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