How does SMC disburse financial aid?

Once an award has been posted on the Financial Aid portal screen, the processing for that disbursement takes approximately 7 to 10 days. The first computer disbursement will be during the first week of the fall and spring terms. The actual check will be mailed 7 to 10 days later.

Does the census affect financial aid?

The census impacts college students directly in many ways. Information taken from the census is used to help determine federal student loans and Pell grants. It affects campus funding, which impacts things like campus improvements.

What does financial aid census mean?

The census date is a set by the college and typically marks the end of the add/drop period. On this day, the college. takes a “snapshot” of all students’ enrollment which becomes the “official enrollment” that is used for both state. reporting and financial aid eligibility.

What is the FA census date?

The census date is the point at which your enrollment is locked for financial aid purposes, and it typically coincides with the last date you can drop classes for a full tuition refund.

How long does it take for financial aid to come in?

If you submitted your Free Application for Federal Student Aid (FAFSA®) form online, then the U.S. Department of Education (ED) will process your application within three to five days. If you submitted a paper FAFSA® form, your application will be processed within seven to ten days.

How much scholarship money is SMC awarding this year?

The SMCF will award scholarships—totaling in excess of $700,000—to over 550 SMC students. More than 1,100 students, guests, and donors are expected to attend.

What is the Pell Grant census?

Specifically, Pell Grant payments will be based on the number of credit hours for which a student is enrolled as of the Census Date for that semester. The Census Date for Fall 2021 is August 31, 2021. The Census Date for Spring 2022 is January 26, 2022. The Census Date for Summer 2022 is June 17, 2022.

What does drop before census mean?

Drops will not be possible after the Census deadline except for serious and compelling reasons. Drops after census are then considered withdrawals. If you need to withdraw from a class or classes, you will be required to provide supporting documentation in order for the request to be considered.

What does census Day mean?

The Census is a huge survey filled out by adults every 10 years which counts all people and households in England and Wales. This year Census day is Sunday 21 March. The Census asks lots of questions like where people live, what jobs they do, what language they speak and even how many cars they own.

When should I expect my financial aid award letter?

If you have applied to a college under a Regular Decision admissions plan, you should expect to receive your financial aid award letter by the end of March. As students generally need to make an admissions decision by May 1st, you will have a month to make a decision and assess your financial aid package.