Financial Aid Dates and Deadlines

Print

Financial Aid Dates and Deadlines


File Completion Deadlines:

To allow for processing time and funds to be available by the tuition due date, completed files must be submitted to the Financial Aid office by:

2014 – 2015  Financial Aid File Completion Deadlines

Summer 2014

Monday, April 14, 2014

Fall 2014

Monday, July 21, 2014

Winter 2015

Monday, Dec. 01, 2014

Spring 2015

Monday, March 02, 2015

 Completed files consist of a completed FAFSA, completed BMCC FAIR letter, and other documentation requested by the Financial Aid office on your Student Wolfweb.  

Applications will still be accepted after the above dates. However, eligibility may not be determined in enough time to pay tuition and fees prior to the beginning of the term. If an applicant is eligible for aid, the award will be made retroactive.  If you miss this date, you MUST be prepared to purchase books and supplies, and set up an installment plan for your tuition and fees according to college tuition deadlines.  If out-of-pocket expenses are not reasonable, you should consider postponing enrollment until the next term, or at such time that your finances allow.

BMCC only accepts applications that have been submitted to the Department of Education by June 1st each year with all required documentation submitted to BMCC by June 15th.


Bookstore Voucher Schedule

Term

Available as of:

Last day until 3:00

Summer 2014

Monday, June 16, 2014

Thursday, June 26, 2014

Fall 2014

Wednesday, Sep. 24, 2014

Friday, Oct. 3, 2014

Winter 2015

Friday, Jan. 2, 2015

Friday, Jan. 9, 2015

Spring 2015

Monday, March 23, 2015

Friday, April 3, 2015

See Bookstore Vouchers for more information.


Award Level Adjustment

Your enrollment status will be checked prior to issuing a Book Voucher and again after the “Last day for Full Refund” according to BMCCs Academic Calendar to ensure that your award level matches your enrollment level.  Your award level cannot be increased after the drop deadline even if you do add a class late.

Your enrollment level will also be verified prior to an initial award letter and adjusted to your current enrollment level.

If you are NOT enrolled your aid will be cancelled for that term and ALL subsequent terms, please email us at finaid@bluecc.edu to have your aid reinstated for future terms.

Term

Last day for Full Refund

Summer 2014

Thursday, June 26, 2014

Fall 2014

Friday, Oct. 03, 2014

Winter 2015

Friday, Jan. 09, 2015

Spring 2015

Friday, April 03, 2015

YOUR AWARD LEVEL CANNOT BE INCREASED AFTER THE LAST DAY FOR FULL REFUND. 


Federal Financial Aid Disbursement Schedule

If a student is receiving financial aid in the form of scholarships, federal or state grants, or agency funding, their aid will be posted and applied (disbursed) to their student account as of 8am approximately one week prior to the start of classes for that term.  After all funds are applied to the students account, any balance remaining will be mailed to students on the dates listed on the schedule below.  Refund checks are not available for pick up.

Term

Classes Begin

Credit Checks Mailed On or Before

Summer 2014

June 23, 2014

Thursday, July 3, 2014*

Fall 2014

Sep. 29, 2014

Friday,Oct. 10, 2014

Winter 2015

Jan. 5, 2015

Friday, Jan. 16, 2015

Spring 2015

Mar. 30, 2015

Friday, April 10, 2015

Due to delays in federal programming, summer loans may not be available until after July 1, 2014.

For more information, see Disbursement of Financial Aid.


Federal Direct Loans Application Deadlines

Term

Last day to apply:

Summer 2014

Monday, Aug. 18, 2014

Fall 2014

Monday, Dec. 01, 2014

Winter 2015

Monday, March 09, 2015

Spring 2015

Monday, June 01, 2015

Once you have been issued an Award Letter or an Eligibility Notification from BMCC, you may complete the Federal Direct Loan application process. At least half-time (6+credits) enrollment is required each term. To apply see our Loan Information Page.


First - Time Borrower Disbursement Schedule 

First-time borrowers are students that have NOT borrowed under the Federal Direct Loan program at BMCC or any other institution. By federal regulation, all first-time borrowers must wait 30 days for their first Federal Direct Loan disbursement. Your loan funds will be mailed the first Wednesday immediately following the disbursement as follows:

Term

Credit Balance Checks Mailed

Summer 2014

Wednesday, July 23, 2014

Fall 2014

Wednesday, Oct. 29, 2014

Winter 2015

Wednesday, Feb. 04, 2015

Spring 2015

Wednesday, April 29, 2015


Single - Term Borrower Disbursement Schedule

If you are applying for a one-term loan, federal regulations require that your loan be disbursed in two equal payments.

  • 1st disbursement for returning borrowers is made at the same time as other financial aid funds.
  • 1st disbursement for first time borrowers is delayed according to the schedule for first- time borrowers.
  • 2nd disbursement for all students is the mid-point of the term.
  • Credit balance checks are mailed every Wednesday for accounts with a credit balance.

 

Returning Borrowers

First-Time Borrowers

 

Term

1st Disb

2nd Disb

1st Disb

2nd Disb

Summer 2014

After July 1, 2014*

July 29, 2014

July 23, 2014

July 29, 2014

Fall 2014

Sep. 24, 2014

Nov. 4, 2014

Oct. 29, 2014

Nov. 4, 2014

Winter 2015

Jan. 02, 2015

Feb. 10, 2015

Feb. 4, 2015

Feb. 10, 2015

Spring 2015

March 23, 2015

May 5, 2015

April 29, 2015

May 5, 2015

  * Due to delays in federal programming, summer loans may not be available until after July 1, 2014.


Appeal Deadlines*:

Satisfactory Academic Progress (SAP) and Length of Time (LOT)

Term

Appeal Must be Submitted By:

Summer 2014

Tuesday, June, 24, 2014

Fall 2014

Wednesday, Oct. 01, 2014

Winter 2015

Wednesday, Jan. 07, 2015

Spring 2015

Wednesday, April 01, 2015

*Appeals received after this date will only be considered for reinstatement for future terms and NOT the current term. Students choosing to remain enrolled will be responsible for payment of tuition/fees and purchasing books/materials.

 Satisfactory Academic Progress will be determined for all applicants prior to being awarded financial aid.  Determination will be based on all previous academic history at BMCC regardless of whether or not financial assistance was received.  Satisfactory Academic Progress will also be reviewed at the end of every term after grades have posted. Students will be notified to their BMCC student email account and information posted on their Student Wolfweb.

Satisfactory Academic Progress (SAP) Policy


Probation - Academic Plan Deadlines

Term

Advising Worksheet Must be submitted By:

Summer 2014

Thursday, June 26, 2014

Fall 2014

Friday,October 3, 2014

Winter 2015

Friday, January 9, 2015

Spring 2015

Friday, April 3, 2015

EACH term while on Probation - Academic Plan, you MUST meet the following requirements in order to continue to receive federal and state aid:

  • Submit an Advising Worksheet no later than noon on the Friday of the first week of the term.  If you neglect to submit an Advising Worksheet prior to the deadline, your aid will be CANCELLED for that term. 
  • You may only pursue one degree while on probation.
  • You may ONLY take courses listed on your Advising Worksheet AND that are required for your degree.
  • Successfully complete ALL credits attempted.  Note: an "INC", "W", "F", and "FA" are considered unsuccessful attempted credits.
  • Maintain a 2.0 GPA for the term.


Total Withdrawals & the Return of Title IV Funds

If you:

(1) stop attending all classes but do NOT officially withdraw,

(2) drop all your classes after the start of the term, or

(3) officially withdraw from BMCC prior to the completion of 60.01% of the term, AND received financial aid:

  • You may owe a return of unearned Federal Title IV Aid and/or
  • Owe BMCC for funds the school was required to return to the Department of Education.

For further information on the return of Title IV funds, refer to the Total Withdraw and Return of Title IV Aid Policy.

Term

60.01% Point of term for aid earned

Summer 2014

Thursday, Aug. 7, 2014

Fall 2014

Thursday, Nov. 13, 2014

Winter 2015

Thursday, Feb. 19, 2015

Spring 2015

Thursday, May 14, 2015