Disbursement and Refund Schedule

FINANCIAL AID REFUND RELEASE DATES

Financial Aid Process Completed Spring 2014 Your financial aid will be applied to your account Your refund will be available no later than
Book Refunds 12/14/13 1/6/14 First Book Release
1/10/14 1/17/14 Second Book Release
Through Jan. 29 2/6/14 2/20/14 1st Disbursement
1/30/14-2/19/14 2/20/14 3/6/14 30-day delayed loans
Through March 20 3/27/14 4/10/14 2nd Disbursement
Spring Close-Out 4/24/14 5/8/14 Clean Up Late Awards

May Mini, Summer I and Summer II 2014

Financial Aid Process Completed by April 25, 2014 Your financial aid will be applied to your Lee College account Your refund will be available to your Higher One account no later than
Book Refunds – May Mini Classes only 4/25/14 5/1/14 1st Book Release
5/7/14 5/8/14 2nd Book Release
Through May 13 (May Mini only) 5/16/14 5/29/14 1st Disbursement, May Mini
Through May 23 (all) 5/30/14 6/12/14 All May Classes
Summer I
Book Refunds (Summer I Classes Only) 5/23/14 5/29/14 1st Book Release
5/30/14 6/5/14 2nd Book Release
Through June 11 (Classes Starting 6/2/14) 6/18/14 7/3/14 1st Disbursement
July 2 7/9/14 7/24/14 2nd Disbursement (1st-Time Loan Borrowers)
Summer II
Book Refunds 6/26/14 7/3/14 1st Book Release
Summer II Classes Begin July 7
July 10 7/17/14 7/31/14 1st Disbursement
July 31 8/1/14 8/14/14 2nd Disbursement (1st-Time Loan Borrowers)

Fall 2014

Financial Aid Process Completed Spring 2014 Your financial aid will be applied to your account Your refund will be available no later than
Classes beginning Aug. 25, 2014
Book Refunds
8/7/14 8/14/14 1st Book Release
8/14/14 8/21/14 2nd Book Release
8/21/14 8/28/14 3rd Book Release
9/11/14 9/18/14 10/2/14 1st Disbursement
9/30/14 10/2/14 10/16/14 30-Day Delay Loans
10/24/14 10/30/14 11/14/14 2nd Disbursement
Last Disbursement 11/14/14 11/28/14 Last Disbursement

LEE COLLEGE SUMMER 2014 FINANCIAL AID REFUND RELEASE

  • All registered students ages 17 and older will receive a Higher One debit card. You must activate your Higher One account online; you will still have the option to choose direct deposit or used the debit card to receive refunds. All Higher One Cards will be mailed to the address on file with the Admissions Office. Please remember that if your current mailing address is not on file with the Admissions Office, your debit card will be returned to the bank that issued it, which will cause a delay in you receiving your funds. All refundable aid (grants, loans and scholarships) will be released to you via the method you choose with Higher One.
  • Students with payment plans from Nelnet may still have payments taken until all financial aid has been posted and you have a zero or negative balance. Please review your payment agreements to determine when payments will be applied.
  • Direct Loan disbursements for first time loan borrowers will not be available for disbursement until after July 2, 2014 for Summer I, August 7 for Summer II. (If available, refunds can be anticipated within 2 weeks after these dates.) After these dates your loans will be disbursed on the next following disbursement scheduled date. You must be enrolled in or have completed 6 hours during the term at the time the loan funds arrive.
  • Final disbursement amounts will be based on the Credit Hours as in your degree plan as listed in the Admissions Office as of the day of record for each summer semester. Initial award amounts on your award letter for summer are based on a 10 week enrollment term. These awards will be adjusted for enrollment lengths greater or less than the 10 weeks. If due to drop/add activity your award changes after the book charges are applied and a balance is due to Lee College you will be responsible for that balance.