Blue Mountain Community College

The Free Application for Federal Student Aid (FAFSA) is now being accepted for application for the 2011-2012 academic year (July 1, 2011 - June 30, 2012).  The last day to submit a FAFSA at www.fafsa.gov  for the 2011-2012 academic year will be June 30, 2012.  However 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.

Other important dates and deadlines during this academic year are:

2011/2012 Appeals for:  Satisfactory Academic Progress, Length of Time

2011/2012 Application Deadlines for Federal Stafford Loans

2011/2012 Bookstore Voucher Schedule

Schedule for Enrollment Verification & Adjustment of Award Level

The Financial Assistance staff and the Business Office will be verifying that students' award levels match their enrollment level before applying aid to student accounts and issuing balance refund checks.

YOUR AWARD LEVEL CANNOT BE INCREASED AFTER THE ADD/DROP DEADLINE EVEN IF  YOU ARE APPROVED FOR A LATE ADD.

1st verification: Prior to issuing a Bookstore Voucher to a student, the Service Center staff will confirm that the student's enrollment level and award level match. If NOT, the student's award will be adjusted to match the current enrollment level before a book voucher is issued. 

2nd verification: The morning following the last day to add/drop classes (5th day of classes) and prior to the disbursement of credit balance checks, the Financial Assistance staff will verify that students' enrollment levels match their award levels.  Adjustments will be made prior to the issuing of credit balance checks so that students' award levels match their enrollment level as of the end of the add/drop period.  The students' enrollment level for the term will be what it is as of the last day to add/drop classes, with no changes made after that day regardless of classes added late.  If a student that has been, or is ready to be awarded, is NOT enrolled, their aid will be cancelled for that term and ALL subsequent terms.  If a student enrolls for a subsequent term they MUST contact the Service Center to notify us of their enrollment and wish to have their financial aid reinstated for that term. Students awarded after the add/drop deadline will be awarded at the level of enrollment they are at the time of awarding.

2011/2012 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 the Monday prior to the start of classes for that term.  After all funds are applied to the students account, any balance remaining will be sent to students on the dates listed on the schedule below.  The first credit balance checks of each term will be available for pick up by the student at the Service Center between 10 am and 1 pm and will be mailed promptly at 1 pm that same day, except for Summer term when no pick up will be available.  All Summer term credit balance cheks will be mailed.  Credit balance checks will be mailed each subsequent Wednesday of the term and will not be available for pick up by the student.

2011/2012 Federal Stafford Loan Disbursement Schedule for First-Time Borrowers

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

2011/2012 Federal Stafford Loan Disbursement Schedule for Single-Term Borrowers

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 new borrowers is delayed according to the schedule above.
• 2nd disbursement for all students is the mid-point of the term.
• Credit balance checks are mailed the first Wednesday immediately following the last day to add/drop classes as follows:

2011/2012 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 Return of Title IV Aid Policy.