Blue Mountain Community College

The last day to apply for Federal Student Aid from BMCC for the 2008-2009 academic year (July 1, 2008 through June 30, 2009) is June 1, 2009.

Other important dates and deadlines are:

Appeals for Satisfactory Academic Progress

Application Deadlines for Federal Stafford Loan 2008/2009

Bookstore Voucher Schedule

Enrollment Verification Schedule

In preparation of disbursing financial aid refunds, your enrollment status will be verified twice by the Financial Assistance staff prior  to posting and applying your aid to your student account. We will be verifying that your enrollment level matches your award level.

1st verification: Prior to making Bookstore Vouchers available. If you ar NOT enrolled, your aid will be cancelled for that term and ALL subsequent terms. If you enroll AFTER this point, you MUST contact our office to notify us of your enrollment.

2nd verification: After midnight on the last day to add and drop classes and receive a 100% refund.

Federal Financial Aid Disbursement Schedule

If you are receiving financial aid in the form of scholarships, federal or state aid, or agency funding, your aid will be posted and applied to your student account as of 8am on the dates listed on the disbursement schedule below.

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 available as follows:

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.

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.