Disbursement of Financial Aid ProcessEffective Fall 2011, Financial aid awards will be disbursed to your student account each semester about 11 business days after the first day of class, provided you have a complete financial aid file.
A bookstore credit (up to $900) will be available for use in the CCGA bookstore if you have pre-registered, have financial aid in excess of the tuition and fees posted to your account and do not have a previous balance. To receive this bookstore credit, you must authorize us to do so in your COAST account (see instructions below). The bookstore credit will be available two days before the semester begins and will expire on the last day of drop/add at the close of business on August 19.
Once full attendance verification is complete, your financial aid will be disbursed to your account (minus any bookstore charges). If this disbursement creates a credit balance on your student account, then the Bursar’s office will review the account to determine if you are eligible for a refund. This will be determined based on factors such as your enrollment status and the amount of prior balances on your account. If you are eligible to receive this credit balance, it will be refunded. In your COAST account, you can select to have the credit balance deposited onto your MAC card. If you choose to have your refund deposited to the MAC card, the refund will be available for use August 30th. If you do not make a selection, a check will be cut for you during the next check writing cycle and mailed to your address on file in COAST. Financial aid refund checks will no longer be available for pick up in the Bursar’s office.
Important Action Items:
- If you would like access to a CCGA bookstore credit, you must authorize it in your COAST account. Select Financial Aid in COAST, then Student Authorizations. Read and submit your response for each authorization. The Federal Funds Authorization applies to your bookstore credit.
- When you visit the Financial Aid section of COAST, you will also see an option to authorize the deposit of your financial aid credit balance onto your MAC card. If you do not consent to this direct deposit, a check will be cut for you and mailed. Further instructions are forthcoming regarding the activation of the Discover piece of your MAC card. Be sure to check the Card Office website and your CCGA email for further details.
- Confirm that your address and contact information is up to date in COAST. Checks will be mailed to the address on file in Banner.
- Register for classes and check your financial aid status in COAST. You can view your authorized financial aid in COAST, under Student Records, then Student Account, and Account Detail for Term. Any balance due must be paid by August 5, 2011.
Requirements to receive your Refund CheckYour attendance must be verified by your instructor(s) in at least 6 credit hours. Click here for more information.
|Hours Needed For Disbursement to Occur|
|Pell Grant & Teach Scholarships||Federal Grants are Prorated based on the number of hours of enrollment. For example, half the amount is disbursed if a student is only enrolled half-time (6 credit hours).|
|Stafford and PLUS Loans||Student must be enrolled in at least six (6) credit hours.|
|Academic Competitiveness and Smart Grant||Student must be enrolled full-time.|