Financial Aid Dates and Deadlines

Financial Aid file completion deadline
Appeal Deadlines
Probation - Academic Plan Deadline
Federal Direct Loans Application Deadline
Bookstore Voucher Schedule
Award level Adjustment
Federal Financial Aid Disbursement Schedule
First - Term Borrowers Disbursement Schedule
Single-Term Borrowers Disbursement Schedule
Total Withdrawal and Return of Federal Aid
 

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:

*2013-2014 Financial Aid File Priority Completion Deadlines
 
 
Spring 2014
Monday, March 03, 2014

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 deadlinesIf 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 for vouchers (3:00pm):

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

Award Level Adjustment

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

For more information, see Disbursement of Financial Aid.

 Federal Direct Loans Application Deadlines 

Term

Loans – Last day to apply:

Spring 2014

Friday, May 30, 2014

Term

Loans – 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 - Term Borrower Disbursement Schedule 

First - Term 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

Spring 2014

Wednesday, April 30, 2014

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-term 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.

 

Retuning Borrowers

First Time Borrowers

Term

1st Disb

2nd Disb

1st Disb

2nd Disb

Spring 2014

April 11, 2014

May 6, 2014

April 30, 2014

May 6, 2014

 

 

Retuning Borrowers

First Time Borrowers

Term

1st Disb

2nd Disb

1st Disb

2nd Disb

Summer 2014

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

  

Appeal Deadlines*:  

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

Term

Appeal Must be Submitted By:

Summer 2014

Wednesday, June, 25, 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 Academcic 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

Spring 2014

Thursday, May 15, 2014

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