FINANCIAL AID PAYMENT

Itawamba Community College students receiving grants, scholarships and loans may defer all fees (tuition, books and room/board) up to the total of all official awards until the awards are paid by the Business Office. No financial aid will be officially awarded until the student's application is completed and eligibility is determined and the student has met all admission requirements as determined by the Registrar.

Payments Schedule - (2010-2011)

WITHDRAWAL/DROP OUT OF SCHOOL- If you withdraw from school before you complete 60 percent of the school term, you may owe a refund to the school.

Term	Withdraw on or after
Spring 2010	March 26, 2010
Fall 2010	October 22, 2010
Spring 2011	March 26, 2011

We do not want you to withdraw, but if you must, withdraw after the above date if possible.  Withdrawing from school can also affect your future financial aid eligibility.

The Financial Aid Office will collect all financial awards (grants, loans, work-study, institutional scholarships and all other scholarships) and credit all awards to the Business Office account. The Financial Aid Office will authorize the Business Office to pay the appropriate awards.

Loans - will be disbursed to your Business office account according to the following schedule. School charges will be withheld and any remaining funds will be mailed to you. REMINDER: You must be enrolled in at least 6 hours to receive loan funds.

Term	Enrollment Checked	Refunds Mailed Approximately
Fall 2010	When Funds are Received	September 24, 2010
Spring 2011	When Funds are Received	February 18, 2011

LEAP and Scholarships-Your enrollment status will be checked at one point in time as shown below. If you drop some classes before this date it may reduce the amount of your financial aid package.

MTAG, MESG and County Tuition Grants - Enrollment will be based on billable hours.  School charges will be withheld and any remaining funds will be mailed to you.

Term	Enrollment Checked On or Before	Refunds Mailed Approximately
Fall 2010	September 20, 2010 - 4 p.m.	September 24, 2010
Spring 2011	February 7, 2011 - 4 p.m.	February 18, 2011

Pell Grant, SEOG, ACG, TEACH Grant- Your enrollment status will be checked at one point in time during the semester as shown below.  If you drop some classes before this date it may reduce the amount of your grant.  These amounts will be disbursed to your Business Office account.  Any refund will be mailed to you.

Term	Enrollment Checked On No Later Than	Refunds Mailed Approximately
Spring 2010	February 8, 2010 - 4 p.m.	March 26, 2010
Fall 2010	September 20, 2010 - 4 p.m.	October 15, 2010
Spring 2011	February 7, 2011 - 4 p.m.	March 11, 2011

WORK-STUDY EMPLOYEES PAY SCHEDULE

Date Pay Period Ends	Date Checks Should Be Ready
February 28, 2010	March 5, 2010
March 31, 2010	April 6, 2010
April 30, 2010	May 5, 2010
May 14, 2010	May 5, 2010
August 31, 2010	September 10, 2010
September 30, 2010	October 8, 2010
October 31, 2010	November 5, 2010
November 30, 2010	December 10, 2010
December 17, 2010	December 10, 2010
January 31, 2011	February 11, 2011
February 28, 2011	March 11, 2011
March 31, 2011	April 8, 2011
April 30, 2011	May 6, 2011
May 13, 2011	May 6, 2011

 

Summer 2010

PELL, AC, SEOG, TEACH GRANTS - Student receives the lesser of one semester award (based on enrollment status) or the remaining portion of the award.

STAFFORD LOAN - One semester award (must be enrolled in, and/or have completed at least 6 credit hours before loan funds may be received.

Apply for financial aid or check status online at www.iccms.edu. To apply, click on "current students" and then click on "paying for college."

The Financial Aid office will check the enrollment status of intersession, internet, first term day, and full term students receiving financial aid by June 21, 2010. Enrollment status for the second term day student will be checked by July 19, 2010. Students will only be paid for hours enrolled in or completed as of these dates for all summer terms. Students who do not complete the semester may have their financial aid prorated and may owe the college a balance. Do not withdraw. Student aid will be disbursed as follows:

50% on approximately June 25, 2010
50% on approximately July 23, 2010

First time student loan borrowers must wait 30 days before receiving a student loan disbursement. Student loans for disbursed for first time borrowers will be disbursed as follows:

50% on approximately July 2, 2010
50% on approximately July 23, 2010

Check with ICC Financial Aid Office for the dates you must complete for each term before you withdraw from any classes.