Disbursement of Funds

Disbursement of Funds

Per federal regulations, financial aid funds are disbursed to student accounts no earlier than 10 calendar days before the start of a term.

Financial aid recipients must register for all classes, including late starting classes, before the end of the census date. The census date is the last day of the 100% refund period.

Financial aid eligibility is only calculated based on enrolled classes as of the census date. If the student registers for classes, including late starting classes, after the census date, their financial aid eligibility will not be adjusted to include these classes.

If all of the student’s classes are online, and they do not live within the GBC service area, the student must submit progress reports from their instructors for all classes indicating that they are participating and making academic progress. Financial aid will not be disbursed until the progress reports are submitted and reviewed to confirm eligibility for funds.