Refund Dates

(DATES ARE TENTATIVE AND SUBJECT TO CHANGE)

Fall 2018 Pell Dates

December 7, 2018

Fall 2018 Loan Dates

December 5, 2018

 

Spring 2019 Pell Dates

February 15, 2019
March 8, 2019
April 5, 2019
April 26, 2019
May 3, 201

 

Spring 2019 Loan Dates

January 16, 2019
January 23, 2019
February 6, 2019
*February 20, 2019
**March 27, 2019
Aril 17, 2019
May 8, 2019

OTAG & Oklahoma’s Promise - 3rd or 4th week of March 2019 as funds are received from the State.


 *February 20, 2019 loans disburse for first-time student loan borrowers in the first year of their degree program. 


**March 27, 2019 second half of one-term  spring loans disburse .

Class attendance is a requirement for Federal Student Aid eligibility. Students must attend / participate in class through the 10th week of 16-week courses to earn all of their financial aid funds.

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, login to MyOCCC Portal click menu in upper left corner; MyMoney  - Refund Preference.

Pell Grant Disbursements – Pell awards are assessed based on a student’s enrollment at the close of the 16-Week semester add/drop period. 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 the week prior to disbursement 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.

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.

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.