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.

Summer 2008

Summer Financial aid refunds, including student loans, will be mailed to students on approximately July 18, 2008.  Enrollment for Pell Grant for all summer terms will be checked on July 9, 2008.  To receive a student loan for summer, a student must be enrolled in, and/or have completed at least 6 credit hours on July 16, 2008.

The following is a schedule of payment dates for official awards:

Payments Schedule - (2008-2009)

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
Fall 2008	October 20, 2008
Spring 2009	March 24, 2009

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. Loans will be disbursed every Friday. REMINDER: You must be enrolled in at least 6 hours to receive loan funds.

MTAG, MESG, LEAP, and Scholarships-Your enrollment status will be checked as shown below. Dropping classes before this date may reduce the amount of your financial aid package. These amounts will be disbursed to your Business Office account. School charges will be withheld and any remaining refund will be mailed to you.

Term	Enrollment Checked On or Before	Refunds Mailed Approximately
Fall 2008	September 22, 2008 - 4 p.m.	September 26, 2008
Spring 2009	February 09, 2009 - 4 p.m.	March 27, 2009

Pell Grant, SEOG- Your enrollment status will be checked as shown below. Dropping classes before this date 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	Refunds Mailed Approximately
Fall 2008	September 22, 2008 - 4 p.m.	October 24, 2008
Spring 2009	February 09, 2009 - 4 p.m.	March 27, 2009

WORK-STUDY EMPLOYEES PAY SCHEDULE

Date Pay Period Ends	Date Checks Should Be Ready
March 31, 2008	April 10, 2008
April 30, 2008	May 9, 2008
May 11, 2008	May 9, 2008
August 31, 2008	September 10, 2008
September 30, 2008	October 10, 2008
October 31, 2008	November 10, 2008
November 30, 2008	December 10, 2008
December 12, 2008	December 10, 2008
January 31, 2009	February 10, 2009
February 28, 2009	March 10, 2009
March 31, 2009	April 10, 2009
April 30, 2009	May 8, 2009
May 8, 2009	May 8, 2009