Disbursement of Financial Aid/Refunds

The main award year consists of two semesters (Fall and Winter) for a total of 31 weeks. Awards are credited to student accounts at the beginning of each semester and are based on full-time status (12 credits or more). Awards will be adjusted for students attending less than full-time based on their actual semester enrollment. Students must be enrolled at least half-time (six credits) to receive most kinds of financial aid.

Students whose total financial aid is greater than the charges owed to the school will receive a refund for the overage. Refunds for for all borrowers at CCS will be processed the week before each semester is set to begin. If your financial aid funds and/or supplemental loans are in excess tuition and housing charges owed to CCS, the Cashier’s office will issue a refund check to you for the overage. It is important to remember that financial aid is disbursed on a per semester basis, so if you have taken out an additional $5000 for the year, you will receive $2500 during the fall semester, and $2500 during the winter semester. Refund checks are printed in the Cashier’s office every Friday. You may also set up Direct Deposit for your refund through the Business Office.

ALL STUDENTS entitled to a refund should expect the refund within first the 1-2 weeks of the start of the semester.

Policy Contact

Work 1st Floor, Yamasaki Building Work Phone: 313.664.7495 Website: Financial Aid – CCS Website
Categories: Financial Aid

EFFECTIVE DATE
May 3, 2019

LAST UPDATED DATE
August 30, 2019

APPROVING OFFICE
Enrollment and Student Services