Published: June 10, 2011
Now that school has started and the last day to receive a refund has passed for the 10-week session, Financial Aid Services is in the process of authorizing financial aid to be applied toward students’ tuition, fees, and bookstore charges, if students used financial aid to purchase books and supplies.
There are a couple of things to keep in mind:
- Financial Aid Services must review every financial aid recipient to verify that students’ enrollment has not changed from the initial award. If a student has changed enrollment status, Financial Aid Services is required to adjust the student’s award to the actual rate of enrollment. For example, if a student was awarded a Pell Grant as a full-time student, but is actually enrolled half-time, the College has to adjust the award to half-time enrollment.
- After enrollment is verified, we begin the authorization process to disburse the financial aid funds. We follow this sequence: scholarships (both private and college scholarships), state grants, student loans, then federal grants. We expect to begin this process by June 7, 2011.
- If a student is awarded a Federal Pell Grant or state financial aid (Commonwealth, CSAP, or PTAP grant funds) and drops or withdraws, the student may risk losing state funds and/or repayment of the grant funds. This will result in a debt and the student will not be able to attend future semesters until the debt is completely paid.
- After authorization and disbursement is completed for each aid program, the Business Office will apply the funds to a student’s tuition, fees, and bookstore charges. If a student has money remaining, the Business Office will request a refund check for the student. It can take 7-10 business days for Richmond to process a refund check. The student’s check will be mailed from the State Treasury Office in Richmond.
- Refund checks will be mailed to the address that a student has on file with Thomas Nelson Community College. Students must check their MyTNCC account to confirm their mailing address. If a student’s address has changed, they can update the information via the MyTNCC account. Students can also monitor their MyTNCC account to view when the financial aid was applied toward their account and when the refund check was requested. Those who are unsure as to how to access their accounts may contact the Help Desk by phone at 757-825-2709, by e-mail at email@example.com, or by stopping in Wythe Hall, Room 249 on the Hampton Campus.
|Category: Student Information||Tags: check, financial aid, financial information, refunds, summer 2011|