Refund Dates

(DATES ARE TENTATIVE AND SUBJECT TO CHANGE)

FALL 2018 LOAN DATES

FALL 2018 PELL DATES

August 15, 2018
August 22, 2018
September 5, 2018
September 19, 2018*
October 10, 2018**
October 24, 2018
November 14, 2018
December 5, 2018

September 14, 2018
October 5, 2018
October 19, 2018
November 9, 2018
December 7, 2018

OTAG & Oklahoma’s Promise - 3rd or 4th week of October 2018 as funds are received from the State
 
  *September 19, 2018 loans disburse for first-time student loan borrowers in the first year of their degree program. 

**October 10, 2018 the second half of one-term loans disburse  .

Class attendance is a requirement for Federal Student Aid eligibility.

All financial aid sources (grants, scholarships, loans) disburse at various times throughout the semester as funds are received. Students are notified by email when funds disburse. Payment of current semester tuition/fee/book charges are paid by the first financial aid funds applied to your student account. For details, review your account activity.

Refunds - OCCC issues refunds from excess loan/grant/scholarship funds through a partnership with BankMobile Disbursements. If you are entitled to a refund, BankMobile will send an email notifying you when it has processed. Refunds are typically available after 3 pm on the disbursement date. BankMobile advises students to expect three business days for funds to transfer to an existing bank account. Refunds process in accordance with your selected refund preference. If you have not selected a refund preference, contact bursar@occc.edu.

Pell Grant Disbursements  Pell awards are assessed based on a student’s enrollment at the close of the 16-Week spring semester add/drop period, August 31, 2018 .  Students awarded prior to this date will be on the first scheduled Pell disbursement. After this date, expect a one-week processing time after being awarded to be on the next scheduled Pell disbursement.

Module Courses Students enrolled in module 8-week or fast track courses that begin later in the semester will receive Pell grant funds for these courses along with their 16-week courses. Dropping module courses may result in a Pell overpayment. The student will be responsible for repaying any overpayment. Please contact the Financial Aid Office before dropping!

Loans Disbursements for students who have completed Entrance Counseling and Loan Agreement (MPN), are enrolled in at least 6-credit hours, and have accepted their loan by August 10, 2018 can expect to be on the first scheduled  loan disbursement. After this date, expect a one-week processing time after loan acceptance to be on the next scheduled loan disbursement.

First-Time Student-Borrowers, in the first year of their degree program, initial loan disbursements are scheduled at least 30 days after the beginning of the loan period: September 19, 2018

One-Term Loans - Students receiving a one-term loan for the current semester will receive loans in two disbursements. The second disbursement will be on or after the semester midpoint October 10, 2018

Pell Bookstore Charges - Bookstore charges begin one week prior to the semester begin date and continue through the first two weeks of classes. Eligible students enrolled and awarded for the semester with excess Federal Pell Grant funds after all tuition and fee charges are paid, may go directly to OCCC Bookstore with their OCCC Student ID to charge required books and supplies.

Student Loan Bookstore Charges - Eligible students with excess loan funds after tuition/fee charges, who are not scheduled to receive their loan disbursement, may request a loan bookstore voucher from the financial aid office to charge against their loan. An OCCC Student ID is required to charge at the OCCC Bookstore.