Monday – August 20, 2018

Dates of Importance

 

Financial Aid Calendar – Summer 2018 and Fall and Spring of the 2018-2019
Academic Year1

Activity Summer 2018

Fall Semester
2018-2019

Spring Semester
2018-2019

FA Priority Processing Date May 2, 2018 June 1, 2018 October 1, 2018
1st Payment Due May 24, 2018 July 26, 2018 TBD
Bookstore Deferments Available May 30, 2018 August 13, 2018 January 7, 2019
1st Day of Term June 11, 2018 August 27, 2018 January 22, 2018
2nd Payment Plan due June 14, 2018 September 11, 2018 TBD
3rd Payment Plan due July 5, 2018 October 4, 2018 TBD
4th Payment Plan due Not Applicable November 1, 2018 TBD
Last Date to Purchase Books on Deferment June 14, 2018 September 20,
2018
February 14, 2019
Financial Aid Census Date June 18, 2018 September 24,
2018
February 18, 2019
Refunds of grants, scholarships, and
non-first- time borrower’s first loan
payment2 mailed or deposited
June 29, 2018 October 5, 2018 March 1, 2019
Refunds of non-first time borrower’s
second loan payment mailed or
deposited
July 13, 2018 November 2, 2018 March 29, 2019
Refunds of first-time borrower’s first
loan payment mailed or deposited
July 20, 2018 October 5, 2018 March 1, 2019
Refunds of first-time borrower’s
second loan payment mailed or
deposited
July 27, 2018 November 2, 2018 March 29, 2019
End of 60% of the Term July 9, 2018 November 6, 2018 April 3, 2019
Last Day of the Term July 27, 2018 December 21,
2018
May 24, 2019

 

Financial Aid Census Date
Financial aid payments will be disbursed based on the number of credits that you are enrolled in on
the census date. After this date, adjustments will not be made if you add credits. You are highly
encouraged to register for all classes for the semester prior to the census date as no award
adjustments will be made to your financial aid if you add courses after the census date.

Your financial aid award will be recalculated for any class(es) that are recorded as "dropped" (D/DI)
or "withdrawn" (W) and the reason is "never attended." You may be required to repay the financial
aid that you receive if you drop a class(es), your instructor drops your class(es), you never attend a
class(es) and/or if you discontinue attending a class(es). Students are advised to confirm their
enrollment status in each of their courses prior to the financial aid census date.

 

Financial Aid End of the 60% Period
If you withdraw or your instructor withdraws you from all of your classes before this date, you may be required to repay a portion of the financial aid funds you received. Total withdrawal after this date will not require repayment, unless the withdrawal reason was "never attended" or the last date the instructor reports you attended the course was prior to the financial aid census date or prior to the end of the 60% period.


Financial Aid Disbursements
Initial grants, scholarships and loan disbursements are made as indicated in the above schedule. Any funds that are remaining after all your charges have been paid will be refunded to you. If financial aid does not cover the entire amount owed to MATC, you are responsible to pay any remaining balance. If you have a prior academic year outstanding balance, only $200.00 can be deducted from your current academic year refund. Please pay any remaining outstanding balances immediately.

 

1 Updated 4/23/2018 and dates are subject to change without notice
2 Note that loans will be paid in two equal payments each term