Financial aid disbursements vary depending on the type of aid awarded,
amount of the aid, and the date the aid is awarded. Please note the following:
Once the FAFSA application and all requested documentation is submitted, an
award notification indicating the award type and amount of Title
IV funds (Pell and SEOG) will be issued to the student. Funds are
disbursed to the student's account to pay for tuition and bookstore charges incurred.
Any unused funds will be issued by check to the address on the
system (contact the Registration Office to update your address) after the refund period for the semester
has ended and attendance is verified. Students enrolled
in 2nd 8-weeks and/or Fall2/Winter2 classes may experience a delay in receiving a check due to later refund dates for these sessions.
Loan disbursements will be disbursed to the student's account
once received electronically by the lender. Any outstanding tuition and bookstore
charges will be deducted. After the refund period for the semester
has ended and attendance is verified, any unused funds will be issued by check
to the address on our system. (contact the Registration Office to update your address). Please Note: You MUST be enrolled for
a minimum of six (6) credit hours to be eligible to receive
Loans are scheduled for at least two disbursements, which vary by the loan period. All first disbursements will arrive 30 days from the start of the student's enrollment period. The anticipated disbursement dates will be indicated on the Notice of Guarantee and Disclosure Statement received from the U.S. Department of Education.
Scholarship funds will be disbursed to students depending on the
specific scholarship criteria. Any unused funds that are allowed
to be disbursed to the student will be issued by check to the address on our system (contact the Registration Office to update your address).
TIP Students who receive TIP (Tuition Incentive Program) funding will experience a delay in full refunds. Mott will process refunds once the State of Michigan completes their payment processing and sends TIP funds to the college. Students may notice a credit balance on their WebAdvisor account until their refund is processed.
Please Note: Refund checks expire 60 days from the date issued. Any unclaimed Financial Aid refunds will be returned to the federal government. Other unclaimed refunds will be sent to the State of Michigan.