Disbursement and Refund Dates

FINANCIAL AID REFUND RELEASE

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, May Classes 4/25 5/1 First Book Release
5/7 5/8 Second Book Release
5/13 5/16 5/29 May Mini Only
5/23 5/30 6/12 All May Classes
Book Refund, June Classes 5/23 5/29 1st Book Release June
5/30 6/5 2nd Book Release June
 6/11 6/18 7/3 1st Refund June Classes
 7/2 7/9 7/24 2nd Refund June Classes

 

Financial Aid Process Completed by Spring 2014 Your financial aid will be applied to your account Your refund will be available no later than
Book Refunds 6/26 7/3 1st Book Release
7/10 7/17 7/31 1st Disbursement
7/31 8/1 8/14 2nd Disbursement

 

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

All refunds 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. Debit cards will not be sent to post office boxes, so if you cannot receive mail at a physical address, please sign up for direct deposit. If you have not done so, sign up for your choice of electronic deposit or debit card at www.salliemaebank.com/leecollege. All refundable aid (grants, loans and scholarships) will be released to you via the method you choose with Sallie Mae.

If you are a receiving a debit card for the first time allow approximately a week from the refund date on this chart to receive the loaded debit card in the mail.

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.

Book refunds are released to students who are fully processed by Jan. 4 and you may use these funds to pay for your books and supplies at the bookstore. Students awarded after this time or with non-refundable scholarships may request a book voucher by e-mailing finaid@lee.edu.

You must be enrolled in or have completed six hours during the term at the time the loan funds are posted to receive your student loan. If you are a new borrower, there will be a 30-day delay on loan funds. Your loan funds will be applied no earlier than Feb. 22, 2013.

Final disbursement amounts will be based on the Credit Hours in your degree plan as listed in the Admissions Office as of Jan. 30 for classes starting Jan. 14, and March 25 for classes starting March 18. If because of 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.