Sunday – August 18, 2019

Dates of Importance

 

Financial Aid Calendar – Summer 2019 and Fall and Spring of the 2019-2020 School year

Activity Summer 2019

Fall Semester
2019-2020

Spring Semester
2019-2020

FA Priority Processing Date May 2, 2019 June 1, 2019 October 1, 2019
1st Day of Term June 10, 2019 August 26, 2019 January 21, 2020
1st Payment Due May 23, 2019 July 25, 2019 January 6, 2020
2nd Payment Plan due June 13, 2019 September 12, 2019 February 6, 2020
3rd Payment Plan due July 9, 2019 October 3, 2019 March 5, 2020
4th Payment Plan due Not applicable November 5, 2019 April 2, 2020
Bookstore Deferments Available May 28, 2019 August 12, 2019 January 6, 2020
Last Date to Purchase Books on Deferment June 13, 2019 September 19,
2019
February 13, 2020
Financial Aid Census Date June 17, 2019 September 30,
2019
February 24, 2020
Refunds of grants, scholarships, and
non-first- time borrower’s first loan
payment2 mailed or deposited
June 28, 2019 October 11, 2019 March 6, 2020
Refunds of non-first time borrower’s
second loan payment mailed or
deposited
July 12, 2019 November 8, 2019 April 3, 2020
Refunds of first-time borrower’s first
loan payment mailed or deposited
July 19, 2019 October 11, 2019 March 6, 2020
Refunds of first-time borrower’s
second loan payment mailed or
deposited
July 26, 2019 November 8, 2019 April 3, 2020
End of 60% of the Term July 19, 2019 November 7, 2019 April 8, 2020
Last Day of the Term August 23, 2019 December 20, 2019 May 22, 2020

 

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or "withdrawn" (W) and the reason is "never attended."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.

Academic Year1

1 Updated 5/01/2019 and dates are subject to change without notice
2 Note that loans will be paid in two equal payments each term