Disbursement of Financial Aid

Initial letters will be sent out beginning late February letting students know that their file has been received and that files will be reviewed and awards made in the order that they are received.  If a student filed their on-line FAFSA early January and submits all additional requested documentation to the Student Financial Assistance Office, they could expect to be among the first to receive their award letter in April.

Financial aid awards will be posted to students’ accounts one week prior to the beginning of each term. 

A credit balance may occur when a student’s financial aid award is greater than their cost of tuition, and fees. If a student has a credit balance, they can get a book voucher from the Service Center, or another BMCC location office, to use for the purchase of books. For Book Voucher information, click here.  The remaining credit balance is mailed to students in the form of a “Balance of Funds check”.

Initial Balance of Funds checks will be mailed as of the 8th class day each term. Checks beyond the 8th class day will be processed and mailed each Wednesday for the remainder of the term. Refer to Dates and Deadlines for specific dates.

Students that do not have a financial aid award in place by the tuition payment deadline, or whose award does not cover all of the costs of tuition and fees, may contact the Business Office to make other arrangements for payment in order to avoid late fees.