Attached to this letter are both PDF and Excel versions of the Payment and Disbursement Schedules for determining Federal Pell Grant awards for the 2021-2022 award year (July 1, 2021 through June 30, 2022) for full-time, three-quarter-time, half-time, and less-than-half-time students. Disbursement Dates. SEOG. Spring 2022 Disbursement Schedule. Friday Aug 12. You now have a valid financial aid offer in place. In order to receive your grant disbursement on the published date your financial aid eligibility must already be determined at least 10 business days before the published disbursement date. Spring: Feb.= $1,724, April= $1,723. FALL 2022 First Pell disbursement August 17, 2022 Second Pell disbursement** October 14, 2022 SPRING 2023 First Pell disbursement January 11, 2023 Second Pell disbursement ** March 10, 2023 If you receive an award notification after the first payment; you will be paid on at the next eligible disbursement date . On December 27, 2020, the President signed Consolidated Appropriations Act, 2021 which included a $150 increase to the maximum Pell Grant. The maximum Pell Grant award for the 2021-2022 award year is $6,495, and the corresponding maximum Pell Grant eligible expected family contribution (EFC) is $5,846. Disbursement begins 5/5/2022. Spring 2022 full term course 60% date: April 06, 2022 The 60% date will vary for courses that do not run a full term (i.e. June 6: June 7: . Loan <$650. *Award Notification Date **Award Out-of-state students will receive any remainder from their financial aid once unpaid fees are automatically paid first. February 13: KEES, First Year, First Time Federal Direct Loan Borrowers. January 31 - February 18. Summer 2022 aid is based on the 2021-2022 FAFSA information. 2022: First Spring Disbursement (Pell Grant and Loans); First Year First Time Loan Borrower** Disbursement (Spring Only Loans); March 2, 2022: Week of February 14. ** If you complete your . You must not have reached the Pell Grant Lifetime eligibility of 600%. June 13, 2022. Eligible amount will be prorated based on actual enrollment status. Spring 2022 Estimated Payment Dates* Pell First Disbursement (12% of the Annual Pell Award) 2/18/2022: Pell Second Disbursement (13% of the Annual Pell Award) & SEOG Disbursement: 3/18/2022: Cal Grant First Disbursement (Future awards disbursed every two weeks during the term) 3/25/2022: Refund Generation Date. 2nd 50% disbursed on 07/25/2022 and refunded to BankMobile Disbursements on 08/08/2022 * Federal Pell Grant Recalculation Freeze Date is 07/25/2022. STUDENT FINANCIAL AID PAYMENT SCHEDULE 2021-2022. Students who were enrolled Full-Time in the Fall and Spring terms, must be enrolled for at least 6 credits in the Summer term to receive a Pell Grant. (No action . Refund Date. scheduled Pell grant disbursement. Awarded on May 15, 2021 as full-time (not yet registered) - Pell = $1500. 0 hour. Summer 2022 Disbursement Schedule. See below for more details. 6/24/2022 *Please allow 10 business days for postal mail delivery . Your enrollment in A, C and F Sessions. Spring Book Advance Payment Dates (25% of Federal Pell Grant): 1/24/2022 1/28/2022 2/04/2022 Spring Refund Date: 3/11/2022 Spring refund date (remaining 75% of Federal Pell Grant) and other financial aid programs, including Federal Direct Loans, will be March 11, 2022. Disbursement of Aid When we disburse your financial aid, we move your financial aid award from pending status to your balance due. Students who withdraw from all classes after April 5, 2022 will have earned 100% of their Federal award for Spring 2022. Federal Pell Grant - First Fall payment. TCC's delayed disbursement process is used to prevent Pell Grants and Direct Loans from disbursing prior to students beginning attendance in the . Only students who have submitted paperwork in time, meet all financial aid requirements, and are enrolled will receive the disbursements on the major disbursement dates. Lifetime Eligibility Used (LEU): Students receiving Federal Pell are limited to six years (12 semesters) or full time equivalent (600%) of aid. The first scheduled disbursement dates are: Fall 2022 Spring 2022 Summer 2022 Spring 2023 Summer 2023 * Please note these are estimated disbursement dates. 1st Major Disbursement: Pell Grant & FSEOG. The Freeze Date for Fall 2021 is September 6th and for Spring 2022 semester the Freeze Date is February 6th. Although $6,495 is the maximum Pell Grant scheduled award for the 2021-2022 award year, a student may be eligible to receive Pell Grant funds for up . Disbursement Dates. Session 6 Apr. All: All: For more information, . 2022-23 PELL GRANT SCHEDULE (revised April 2022) 0 6895 ( 3448 / 3447 ) 5171 ( 2586 / 2585 ) 3448 ( 1724 / 1724 ) 1724 ( 862 / 862 ) 1 - 100 6845 ( 3423 / 3422 ) 5134 ( 2567 / 2567 ) 3423 ( 1712 / 1711 ) 1711 ( 856 / 855 ) . Friday Aug 26. Amount of Award. Apply for Financial Aid. Session: Classes Start: . Payment of Pell, and Cal Grant are prorated based on a student's enrollment status per term. The Census Date (Freeze Date) is July, 1, 2021. After March 11th, refunds will be issued weekly as students become eligible . Summer 2022 Disbursement Calendar: Federal Pell Grant Program Disbursement Schedule . At recalculation, your cost of attendance and Federal Pell Grant will be prorated based on your actual enrollment. We will disburse aid for Spring 2022 based on the following schedule. Fall: Sept.= $,724, Nov.= $1,724. Bookstore purchases are allowed as follows: Fall 2021: Aug 6- Sept 7. Refund Date. F: FA Forms/2021-2022/Summer 2022 Payment Schedule SUMMER 2022 FINANCIAL AID PAYMENT SCHEDULE FOR GRANTS AND LOANS To View Award Status, login to BANNER WEB: Click these links in the following order: Student & Financial Aid > Financial Aid > Financial Aid Status > Award Year 2021-2022. On May 1, 2022, we plan to implement the revised 2022-23 Pell Grant payment and disbursement schedules in the COD System. Because we use mid-points in both the EFC columns and the cost of attendance (COA) rows in constructing the schedules, the actual 2022-2023 award year minimum scheduled award amount will be $650. . Students who are waitlisted for a course (s) and have already received their Pell payment based on their original . If your annual Pell Grant Award is less than $4445, you may not qualify if you are attending less than half-time (6 units) Fee Waivers If your award letter includes a "Promise Grant", you are eligible to have your enrollment fees waived for the Summer 2021, Fall 2021, and Spring 2022 semesters. After this date, expect a 2 . Federal Direct Loans are disbursed once each semester. The standard repayment term is ten years and the interest rate may vary depending on the type of Direct Loan and the disbursement date. Starting Afternoon of Feb. 4 for Sessions 1, 2 and 3. Pell. For example, Pell grants are disbursed 25% before the term starts, 25% the week of school, and 50% at the midpoint. If you've been awarded CAL Grant, FSEOG, or SSCG, 100% will be disbursed on February 18, 2022. If there is money left over after your tuition and fees have been paid, you will receive a refund on the dates indicated below. March 28 . Enrollment Status per Term: Full Time: 12 Units: 100%: Three Quarter Time . Summer 2022 Disbursement Schedule Disbursements for late start classes - Federal regulations require that schools disburse financial aid funds only for classes that have already begun. July 1 (every year) Applicants who submit the required documents to the Financial Aid Office for processing by this date will most likely receive their aid at the beginning of the Fall . Please keep in mind that most financial aid funds are disbursed in two-three payments for each term. January 30 Federal Pell Grant, SEOG, CAP Federal Direct Loans and Scholarships. . Disbursement Schedule. $6,895. Spring 2022 full term course 60% date: April 12, 2022 Anticipated Disbursement Dates *Dates are subject to change without notice. Disbursement begins 6/14/2022. . recalculation may result in repayment of funds already disbursed as a result of the reduction in units following the disbursement of Pell Grant funds. Federal Pell Grant. 2022 Summer Pell Dates: 2022 Summer Loan Dates: June 17, 2022: June 8, 2022: July 8, 2022: . For purposes of financial aid, enrollment status is defined as outlined in the table below. short term classes, summer classes). On December 27, 2020, the President signed Consolidated Appropriations Act, 2021 which included a $150 increase to the maximum Pell Grant. You will need a Wake Tech ID to purchase books using your financial aid in the campus bookstore. Dynamic Session Classes have unique refund and withdrawal dates and may affect the dates of Grant and/or Direct Loan Disbursements. Summer Term only Pell Grant 2021/2022. If you are enrolled in classes that begin later in the term, you will not receive grant or loan funds for those classes until after they have started. summer 2022 disbursement dates; financial aid award disbursement date amount of award; federal pell grant: may 19, 2022: 100% of the semester award (for 4 & 10 week sessions which begin in may) june 2, 2022: 100% of the semester award (for 4 & 10 week sessions) june 16, 2022: 100% of the semester award (for 8 & 6 week sessions) july 7, 2022 100% Disbursement Date. Credit hours added after the Census date cannot increase Pell Grant eligibility, so register early. Hours in Summer Session 1, 2, or 3 . We will publish the 2022-2023 Federal Pell Grant Payment and Disbursement Schedules by Feb. 1 in accordance with section 482 of the Higher Education Act of 1965, as amended (HEA). February 28, 2022 Disbursement of Direct Stafford Loans for new first-time student borrowers. _____ 2. All 2022-23 Pell Grant records sent to the COD System before the upcoming release will be evaluated by the COD System using the old schedules and will need to be corrected after the upcoming release for the revised . Cal Grant disbursement is dependent on receipt of funding from State funding. You must enroll in all of your Summer classes for all summer sessions up front. You qualify for a 2020-2021 Federal Pell Grant and you did not receive your full (100%) Pell Grant award for the school year. NASFAA has released updated, estimated 2022-23 Pell Grant payment and disbursement schedules, as the fiscal year 2022 spending bill, which included a $400 increase to the maximum 2022-23 Pell Grant award, is awaiting President Joe Biden's signature after passing both chambers of Congress. Files Awarded By. For More Info: Disbursement FAQs SUMMER 2022 PELL GRANT & SEOG ESTIMATED PAYMENT DATES* Summer 2021 Pell Only Full Disbursement . Payment of the comprehensive fee is due in full by May 20, 2022, or five days after a student enrolls, if a student enrolls on May 15, 2022, or later. Fall 2022 Financial Aid Disbursement Schedule. Your enrollment in B Session. September 3, 2021. Disbursement is once per semester. September 10, 2021. Pell Grant will not be adjusted after 09/07/2021 *New Student: A newly enrolled student that was not attending courses at the start of . Disbursement dates for 2022-2023 Academic Year. Three-Quarter-TimeFederal Pell Grant Program Disbursement Schedule for Determining Three-Quarter-Time Annual Awards in the 2022-2023 Award Year $6,895 Maximum Cost of Attendance Spring 2022 Disbursement Date: Spring 2022 Refund Generation Date: Federal Pell Grant Program : Grant amount is prorated according to enrollment. . The second 50% will be disbursed on March 18, 2022. Federal Pell Grant - Students who are eligible to receive a Federal Pell Grant will have a lifetime limit of 12 full-time semesters or six full . Funding Type Disbursement Date Direct Deposit & Check Mailed Date 1st 50% Pell January 18, 2021 January 28, 2022 January 24, 2022 February 1, 2022 1st 50% Pell- Late Starting Classes January 31, 2022 February 10, 2022 February 7, 2022 February 15, 2022 Free City Grant February 14, 2022 February 25, 2022 February 22, 2022 March 2, 2022 nfl color . Pell Grant Payment Policy: Pell Grants are adjusted based on enrollment at time of disbursement for . Program (MAP), Pell, Supplemental Education Opportunity Grant (SEOG), Federal Direct Loans, some military benefits, scholarships, and employer assistance. *Award Notification Date **Award Calculation Disbursement Date. Spring 2022 12 Week Only Start. The earliest disbursement date for Pell Grant, Iraq and Afghanistan Service Grant Programs is January 22, 2021. If you've been awarded Pell Grant, the first 50% will be disbursed on January 28, 2022. Summer Term only Pell Grant 2021/2022. This date is the last day you can drop courses and receive a 100% refund. If you've been awarded loans, 100% will be disbursed on March 4, 2022 (except spring-only students). Loan disbursement dates vary based on several factors: When the loan request form with all required documentation is turned into the Financial Aid Office; Pell Grant Direct Loan Cal Grant & SSCG SEOG; 1st Disbursement: August 18 (25%) 2nd Disbursement: August 25 (25%) 3rd Disbursement: . Accepted student loan and completed online loan processes - Loans = $3500 (net after origination fee - $3460) Registered for 2 courses (6 credits) on June 30, 2021 for Fall semester beginning August 26, 2021.