Beginning Fall 2013, North Idaho College will implement a new disbursement policy. Students who accept Federal Student Loans will receive incremental disbursements (residual funds left over after all tuition and fees are paid for) within each semester. Loans will be split in half each semester and the first disbursement will take place at our normal disbursement time. The second half will be set for the week after midterm grades are due. Students who have all "F" grades, a combination of "F" and withdrawals and/or who are not attending classes will not receive their second disbursement. See dates below:
|Term||1st Disbursement||30-Day Delay Disbursement||2nd Disbursement|
Sept. 13, 2013
|Sept. 25, 2013||Nov. 1, 2013|
Jan. 31, 2014
|Feb. 12, 2014||Mar. 21, 2014|
|Summer 2014||Jun. 13, 2014||July 3, 2014||July 11, 2014|
Late Start Courses & Disbursements
If you register for a late start course, you may not receive a disbursement (residual funds left over after all tuition and fees are paid for) until your attendance has been verified in those late start courses.
Late Start Courses and Pell Grants
Pell Grants are awarded in quarter increments—less than half time (1-5 credits), half time (6-8 credits), three quarter time (9-11 credits), and full time (12+ credits). That means that if you haven't started all your classes by the above disbursement dates, a portion of your Pell Grant will be delayed. Typically, when you begin attending your late start course you will receive a disbursement 1-2 weeks from the course's start date. Receiving an additional disbursement is contingent upon your total number of credits increasing by a whole quarter increment. See examples below.
Lucy enrolls in a total of 12 credits. At the beginning of the semester, she attends 9 of her 12 credits. Later in the semester, she begins to attend her other 3 credit class. This moves her from three-quarter time to full time enrollment status. She receives her additional Pell disbursement 1-2 weeks after starting the course.
Arnold enrolls in a total of 12 credits. At the beginning of the semester, he attends 9 of his 12 credits. A month into school, he starts a 1 credit P.E. course. He does not receive an additional disbursement because he is still at three-quarter time status with 10 active credits. Two months from the time school starts, Arnold begins attending his last 2 credits. He receives a disbursement 1-2 weeks after starting the course.
Late Start Courses and Loans
To receive a disbursement from loans, you must be actively attending 6 or more credits. Typically you will receive a disbursement (residual funds left over after all tuition and fees are paid for) 1-2 weeks from the time you begin attendance in 6 credits. See example below:
Tommy enrolls in a total of 6 credits. At the beginning of the semester, he attends 3 of his 6 credits. Later in the semester, he begins to attend his other 3 credit class. He receives a disbursement 1-2 weeks after starting the course.
To receive federal and the majority of state aids, you must meet satisfactory academic progress—2.0 GPA and a 66.67% completion rate. Progress will be evaluated at the end of each year. To review the policy and your rights and responsibilities, please visit the Satisfactory Academic Progress policy of our website here. Please note that it is your responsibility to understand these rights and policies. For SAP information, click on Satisfactory Academic Progress Policy under the section called “Keep Your Financial Aid” For Rights please click on Rights and Responsibilities under the Financial Aid section.