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Receiving Aid

Overview

After your financial aid application has been processed, a notification will be sent to your A-B Tech student email account indicating that your award letter is ready to be viewed in WebAdvisor.

Please be aware that under federal guidelines, financial aid will only pay for courses required for your academic program.

Important Enrollment Status Information

Most awards that appear on your award letter are based upon full-time enrollment of twelve (12) credit hours or more, per semester. Award amounts for students attending less than full-time will be subject to proration. North Carolina Community College Grant (NCCCG) requires students to be enrolled in at least 15 in-program credit hours to qualify for the full amount of their award each semester. You must be enrolled in at least 6 in-program credit hours to maintain Federal Direct Loan eligibility.

Students who are enrolled for late-start or mini-mester courses will NOT receive aid for these courses until we confirm attendance once the courses begin. This calculation WILL affect your award amounts.

If you are enrolled in a clock-hour program, you will be paid on the basis of clock-hours completed based on a schedule determined by U.S. Department of Education.

If you are enrolled in a Clock-to-Credit Conversion Program, you will be paid on the basis of contact hours (not credit hours) using a conversion formula determined by the U.S. Department of Education.

Registration Charges/Paying for Classes 

If you have been awarded financial aid, your classes will be held through the payment deadlines. However, you may still receive state-mandated registration balance notifications from the college.

Note: If the amount of financial aid for which you are eligible is less than your registration balance, you will need to contact the Business Office to make payment arrangements.

Bookstore Charges

If your aid package for your enrollment status exceeds your registration fees, any remaining aid can be used to purchase books in the college bookstore during dates identified by the Bookstore. Bring your student ID card and a schedule of your classes when you come to the Bookstore. Pell eligible students can purchase books and supplies up to seven days after the start of a payment period. The dates for charging books and supplies will be listed on the main college calendar accessible from the A-B Tech homepage.

Students are not required to purchase books and supplies in the A-B Tech Bookstore.  Using financial aid funds to charge in the Bookstore is a service provided by the College as a convenience.  Students are given the option to opt out of charging books in the Bookstore prior to the awarding of financial aid through the Information and Consent Form.

Financial Aid Refunds

Your registration balance and Bookstore charges will remain on your account until your aid funds are transmitted from the federal and/or state agencies according to the Financial Aid Disbursement Schedule. You will receive a refund of any remaining aid that you are eligible for once your charges have been deducted. All financial aid funds, except work-study paychecks, are disbursed through BankMobile. The date by which you will receive your funds depends on the BankMobile refund option that you select:

Electronic Deposit To Another Account

Electronic Deposit To A BankMobile Vibe Account

Three business days

One business day

Please consult the section below to learn how different types of aid refunds are disbursed.

Pell Grant funds will automatically be disbursed according to the Financial Aid Disbursement Schedule.

State Grant funds will automatically be disbursed according to the Financial Aid Disbursement Schedule. 

Direct Loan funds are issued according to the lender’s disbursement schedule sent to the student by the lender in conjunction with the Financial Aid Disbursement Schedule.  Please note, if you are a first-time borrower, your loan will be subject to a 30 day hold from the start of classes.

Work-Study paychecks are disbursed according to the payroll schedule located on the timesheet. Work-Study paychecks will be mailed to the address in the student's academic record.

 

VIEW FINANCIAL AID DISBURSEMENT SCHEDULE

 

Satisfactory Academic Progress

According to federal and state regulations, students receiving financial aid must maintain Satisfactory Academic Progress (SAP). Review our SAP Page for details. 

 

Appeal Process

Students who are not meeting the Financial Aid Satisfactory Academic Progress (FASAP) policy may appeal for reinstatement of financial aid eligibility. Check our Dates & Deadlines page for appeal submission deadlines.

Please note that the Financial Aid Appeals Committee will not be able to review your appeal unless all items are completed.  If they are unable to review your appeal, your appeal will be denied:

☐ Completed FASAP Appeal Request (all blanks must be filled in order to be considered complete).

☐ Outside documentation of circumstances for each unsuccessful semester.

☐ Program Evaluation, if you are appealing Maximum Timeframe.

Examples of reasons which are not considered suitable justification for appeals:

  • I was young; I attended in high school; I didn’t take school seriously before; I made mistakes.
  • I attended many years ago and have come back to school recently.
  • I changed majors a lot and did not know what I wanted to do.
  • I did not realize how much all my withdrawals would hurt my financial aid.

Students will be notified by email of the committee’s decision and will be provided with further instructions.

Helpful Links

Disbursement Schedule

Federal Return of Title IV Funds Policy

BankMobile Disbursements

Satisfactory Academic Progress