2023-2024
Disbursement dates apply only to students who received a Financial Aid Award notification email. Financial aid awards will be applied to your MCC student account on the disbursement dates listed. Financial Aid refunds will be sent out 1-2 days after the dates listed.
Please allow 2-5 business days after the disbursement dates listed to receive your Financial Aid refund by Direct Deposit and 10-14 business days for refund checks that are mailed.
If your financial aid is awarded after the semester has started or if you have all late-starting classes, book advance dates and financial aid/loan disbursement dates may not apply to you.
| Important Dates | FALL 2023 | SPRING 2024 |
|---|---|---|
| Semester start date | 8/19/2023 | 1/13/2024 |
|
Start of book advance disbursements For more information go to Book Advances |
Nine business days prior to your earliest class start date | |
| Consortium agreement due date* Semester start and end dates for the Host school and MCC must coincide. |
8/28/2023 | 1/22/2024 |
| Pell recalculation date* Last day to adjust your class schedule if you are Pell Grant eligible. Pell grant amounts will not increase for classes added after this date. |
8/28/2023 | 1/22/2024 |
| Start of FA disbursements (subject to change without notice)* | 8/31/2023 | 1/25/2024 |
| 1st loan disbursement | 8/31/2023 | 1/25/2024 |
| 30-day delay* Loan disbursement dates for 1st-year students who are 1st-time student-loan borrowers. |
1st disbursement is released 30 days after your earliest class start date | |
| 2nd loan disbursement (if awarded for one semester only) | 10/18/2023 | 03/19/2024 |
| End of book advance disbursements | 11/17/2023 | 4/12/2024 |
| Semester end date | 12/15/2023 | 5/10/2024 |
| SAP Appeal and MTF Appeal deadline date | 10/6/2023 | 3/8/2024 |
* NOTE:
- Fall 2023 semester classes starting after 8/28/2023 are considered late-start classes. Funds for late-start classes will disburse 5 business days after your earliest class.
- Spring 2024 semester classes starting after 1/22/2024 are considered late-start classes. Funds for late-start classes will disburse 5 business days after your earliest class.
- If you do not maintain your original level of enrollment your aid may be adjusted and you may incur a debt. This applies to classes you were enrolled in but did not attend, late-start classes you dropped, and classes that are canceled.
- Enrollment levels are full-time (12+ credit hours), 3/4 time (9 - 11 credits), half-time (6-8 credit hours), and less than half-time. We do not round up for half (0.5) credits.
What will delay my money?
- Changes in your enrollment status: dropping or withdrawing from a class, or a class you registered for is canceled
- Having all late-start classes
- Special student status: (must be classified as a regular degree-seeking student by Admissions)
- An incorrect, or out of state address on your Student Center
- Incomplete items on your Student Center To Do List
- Financial Aid holds for missing items such as:
- Transferred credits for classes taken at other schools as part of a Consortium Agreement
- Incomplete (grade I) or un-graded classes from the previous semester.
When will I receive my disbursement?
Disbursement dates apply only to students who received a Financial Aid Award notification email. Financial aid awards will be applied to your MCC student account on the disbursement dates listed. Financial Aid refunds will be sent out 1-2 days after the dates listed.
Please allow 2-5 business days after the disbursement dates listed to receive your Financial Aid refund by Direct Deposit and 10-14 business days for refund checks that are mailed.
If your financial aid is awarded after the semester has started or if you have all late-starting classes, book advance dates and financial aid/loan disbursement dates may not apply to you.
What are considered Fall Late Start Classes?
Fall 2023 semester classes starting after 8/28/2023 are considered late-start classes. Funds for late-start classes will disburse 5 business days after your earliest class.
What are considered Spring Late Start Classes?
Spring 2024 semester classes starting after 1/22/2024 are considered late-start classes. Funds for late-start classes will disburse 5 business days after your earliest class.
What happens if my level of enrollment changes?
If you do not maintain your original level of enrollment your aid may be adjusted and you may incur a debt. This applies to classes you were enrolled in but did not attend, late-start classes you dropped, and classes that are canceled.
What is my enrollment level?
Enrollment levels are full-time (12+ credit hours), 3/4 time (9 - 11 credits), half-time (6-8 credit hours), and less than half-time. We do not round up for half (0.5) credits.
I have an SAP and/or MTF checklist item, what is the deadline for an appeal?
Satisfactory Academic Progress (SAP) or Maximum Time Frame (MTF) appeals submitted by the deadline will be reviewed for the current semester. Processing time is 10-15 business days and you may experience longer processing times if you submit your appeal one month before or after the start of a semester.
SAP or MTF appeals submitted after the semester deadline date will not be eligible to receive financial aid for the semester but will be reviewed for financial aid eligibility for the next or upcoming semester.
*Appeals must be complete with all required signatures and required document(s).