Receiving financial aid is an exciting moment for students, but it can also be a bit confusing. One of the most common questions students ask is when they can expect to receive their financial aid disbursement. Forsyth Technical Community College (Forsyth Tech) has a specific disbursement schedule that students should be aware of to plan their finances accordingly.
Understanding Disbursement Dates
Disbursement dates refer to the specific dates when financial aid funds are credited to a student's account. These funds can come from various sources, including federal, state, and institutional aid. At Forsyth Tech, disbursement dates vary depending on the type of aid and the student's enrollment status.
Forsyth Tech Disbursement Dates
Forsyth Tech typically disburses financial aid funds on the following dates:
- Fall Semester: Disbursements usually occur in late August or early September, around 10 days before the start of classes.
- Spring Semester: Disbursements typically occur in late January or early February, around 10 days before the start of classes.
- Summer Semester: Disbursements usually occur in late May or early June, around 10 days before the start of classes.
Refund Schedule
After financial aid funds are disbursed, any excess funds will be refunded to the student. The refund schedule at Forsyth Tech typically follows this timeline:
- Fall Semester: Refunds are usually processed in late September or early October, around 4-6 weeks after disbursement.
- Spring Semester: Refunds are typically processed in late February or early March, around 4-6 weeks after disbursement.
- Summer Semester: Refunds are usually processed in late June or early July, around 4-6 weeks after disbursement.
How to Check Disbursement and Refund Status
Students can check their disbursement and refund status through the Forsyth Tech website or by contacting the Financial Aid Office directly. Here's how:
- Log in to your Forsyth Tech student account.
- Click on the "Financial Aid" tab.
- Select "Award Information" or "Disbursement Schedule" to view your disbursement dates.
- Contact the Financial Aid Office at (336) 734-7224 or for more information.
Types of Disbursements
Forsyth Tech offers various types of disbursements, including:
- Full Disbursement: This occurs when all financial aid funds are credited to a student's account at once.
- Partial Disbursement: This occurs when only a portion of the financial aid funds are credited to a student's account, usually due to changes in enrollment or eligibility.
- Electronic Fund Transfer (EFT): This is a direct deposit of financial aid funds into a student's bank account.
Important Reminders
- Bookstore Credit: Students may be eligible for a bookstore credit, which allows them to purchase textbooks and supplies before disbursement dates.
- Federal Work-Study (FWS): FWS funds are not disbursed until the student begins working and earning their award.
- Loans: Loan disbursements typically occur in two installments, with the second disbursement occurring around mid-semester.
By understanding the disbursement and refund schedule at Forsyth Tech, students can better plan their finances and ensure a smooth academic experience.
Gallery of Financial Aid and Disbursement Dates
FAQ Section
When can I expect to receive my financial aid disbursement?
+Disbursement dates vary depending on the type of aid and enrollment status. Typically, disbursements occur 10 days before the start of classes.
How do I check my disbursement and refund status?
+Log in to your Forsyth Tech student account, click on the "Financial Aid" tab, and select "Award Information" or "Disbursement Schedule" to view your disbursement dates.
What types of disbursements are available at Forsyth Tech?
+Forsyth Tech offers full disbursement, partial disbursement, electronic fund transfer (EFT), and bookstore credit.