Section 502 - Financial Aid Disbursement

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All federal and state grants are disbursed to the students on approximately the 14th day of each semester. A notice is sent to all students with disbursement information. For Federal Family Education Loan Program disbursement, a student must attend an entrance loan counseling session before the loan is disbursed. First time borrowers will not receive their loan check until after the 30th calendar day of the semester.

  1. Financial aid disbursements are based on the number of eligible credits a student has for that semester.
  2. If a student withdraws from a class(es) or is no longer attending Southeast Technical, financial aid is refunded to the appropriate funding source based on the amount a student has earned when s/he ceases attendance. The amount of financial aid earned is the percentage of the period of enrollment completed – multiplied by the total amount of financial aid. As a result, the student may be responsible to repay a portion of the financial aid disbursed.

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