Important Financial Aid Info
If you still owe a balance for the Fall semester, you may apply for a 2013-14 Federal Direct Student Loan to cover it.
Follow these steps:
- Complete a Master Promissory Note at www.studentloans.gov.
- Complete Entrance Counseling online at www.studentloans.gov.
- Submit a Student Loan Request Form to the financial aid office.
If you are borrowing a student loan for the FALL SEMESTER ONLY, the deadline to complete ALL student loan application requirements is Thursday, December 12th AT 2 pm
Got questions? Contact an Enrollment Associate at Student Central in the Gordon Student Center or call the financial aid office directly at (315) 498-2291.
FALL SEMESTER REFUNDS
If financial aid and/or other payments is enough to cover your bill with money left over, you will get a refund and/or can transfer up to a maximum of $600 per semester of the remaining funds to your Smart Card. Specific information regarding your student account including refund amounts is available by logging on to Web Access and selecting “View Account and Make Payments.”
GRANTS (Pell, TAP, etc.)
If your grants are “Accepted” on WebAccess and are enough to cover your entire bill with money left over, you may be eligible for a refund. Refunds are typically processed for students with grant eligibility around the 6th week of classes. If you are enrolled in courses that start later in the semester, your refund may be processed later, as explained below.
IF I AM ENROLLED IN VARIABLE LENGTH OR FLEX START COURSES, WHEN WILL I GET MY REFUND?
Before refunds can be processed, enrollment in all coursework must be verified. Enrollment in courses that do not follow the traditional academic calendar may affect financial aid eligibility and expected disbursement dates of funds.
WHAT IF I DROP A CLASS OR ALL MY FALL CLASSES?
ON OR AFTER the first day of classes:
- A percentage or all of the tuition and fees will be your responsibility.
- You may not be able to keep all of your financial aid.
- You may owe money after you withdraw.
- Any classes you drop may jeopardize future financial aid eligibility.
Please talk to someone in Financial Aid to understand the impact if you drop courses.
SMART CARD TRANSFERS
Smart card transfers of pending aid must be made in the Bursar’s Office, located in the lower level of the Gordon Student Center. Students may also deposit funds onto their Smart Card from a credit or debit card transaction online through Net Card Manager. Money that is transferred from excess financial aid must be used for education related expenses only, such as books, supplies and meals.
Smart Card transfers are limited to a maximum of $600 per semester.
The Smart Card serves as your Student ID – please keep it in a safe place!
WHAT IF I HAVEN’T HEARD ANYTHING ABOUT MY 2013 FALL FINANCIAL AID YET?
Specific information regarding your financial aid, including missing documentation, is available by logging on to Web Access and selecting “My Documents”. Specific award information for Fall 2013 can be found by clicking on “Financial aid status by term.”
We encourage students to bring any requested documentation to Student Central in person so that a member of the financial aid team may provide personalized service at the counter. When mailing or dropping off forms or paperwork, please allow up to 15 business days for processing.
THINGS TO CONSIDER WHEN SCHEDULING YOUR 2013 FALL COURSES
Students can not be awarded financial aid for classes that do not count toward their degree or certificate program requirements.
If a student is enrolled in courses that do not count toward his degree, those courses cannot be used to determine enrollment status and aid eligibility. All registered courses must apply to the student’s program as a general education requirement, a major requirement, or elective (whether restricted or free elective).
There is one exception to this under the New York State TAP program when the student is in his final term of study: if the student needs fewer than 12 credits to complete the program, other courses may be included to determine full-time status even if not required to complete graduation requirements.
REPEATING COURSEWORK MAY IMPACT FINANCIAL AID
Students who repeat courses they have taken previously either at OCC or another institution and received a passing grade for that coursework, may have an adjustment or denial of one or more of their financial aid programs. This may impact both federal and state aid programs. To maintain full-time status for financial aid, a student’s coursework must be for at least 12 credits without the repeated class. An exception may be made for state aid if the student did not meet the minimum grade requirement for that class for graduation.
- Federal Aid, including student loans, will pay for a student to repeat a passed course only once.
- State aid (TAP) will only pay for a repeated course once, but only if it is required to have a higher grade for graduation in the student’s particular degree program.
If a student’s program does not require them to earn a higher grade for graduation, but the student is being advised to repeat coursework for academic reasons, it may be advisable for the student to be enrolled in at least 12 credits of new coursework (in addition any repeated courses) in order to maintain his/her full time status.
Students can be referred to Student Central for questions or may call (315)498-2291.