When Will I Receive My Financial Aid?

Disbursement of Financial Aid

• Funds are applied toward your unpaid balance first, which includes charges you may have on a FACTS Tuition Management payment agreement. If your credited aid exceeds your CVTC charges, the Business Office will mail you a balance check within fourteen (14) days of the applied credit. All balance checks are mailed to the student's current address on our system. If your charges exceed your aid, you must pay the balance.
• For students enrolled in one (1) term, the disbursement is at the beginning of the term. For students enrolled in more than one (1) term during the year, equal disbursements are made at the beginning of each term.
• Pell and SEOG funds are applied to student accounts the 5th week of the term and balance checks are mailed the 5th Friday of the term.
• All other financial aid is credited to student accounts as we receive them. Balance checks are mailed to students every Friday beginning the week before the term starts.
• You will be contacted by the Business Office to sign any funding that we receive in the form of a paper check.
• To avoid delays in receiving your funds you must:
  
  
  1. Keep your address updated with CVTC.
  2. Complete Loan Entrance Counseling if you are a first time loan borrower.
  3. Submit a Master Promissory Note to GLHEC if a valid one is not on file.
  4. Take care of "holds" which prohibit release of funds. CVTC must return loan funds within ten (10) days of receipt if we are unable to release due to a hold.