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Title IV Federal School Code: 003196
  Award Information - Disbursement Information
 

  Award Information
· The Standard Expense Budget
· Types of Aid Available
· Federal Work Study
· Additional Sources of Assistance
· The Award Letter
· Satisfactory Academic Progress
· Withdrawal Information
· Transfer Student Information
· Disbursement Information
· Revision Procedures
· Summer Term Students
· Sponsored Accounts
· Rights and Responsibilities

  

After you have received an award letter from Financial Aid AND have completed all additional processes, the following disbursement schedule is an estimated time frame in which you can expect payment of your financial aid awards.

Lane disburses financial aid beginning the second Friday of each term and, in most cases, disbursement occurs every Friday thereafter, as awards become ready for payment. Summer term is an exception**

Enrollment must be correct by 5:00 p.m. on the Tuesday prior to the disbursement date. See Admissions and Enrollment for further information.

 

2008 - 2009 DISBURSEMENT SCHEDULE

Programs Summer 2008** Fall 2008 Winter 2009 Spring 2009

· Federal Pell Grant
· Federal SEOG
· Oregon Opportunity Grant
· Academic Competitiveness Grant
· Federal Perkins Loan
· Federal Direct Stafford Loans
· Institutional Scholarships
· Private Scholarships

Mailed or deposited
Monday,
July 7

**If your first class starts during the:

· 2nd 4 wks – Aug 1
· 2nd 6 wks – Aug 15
· 3rd 4 wks – Aug 29

Mailed or deposited Friday,
October 10

Mailed or deposited Friday,
January 16

Mailed or deposited Friday,
April 10

Federal Direct Stafford Loans

(*First Time Borrower)

Mailed or deposited Friday,
July 25

Mailed or deposited Friday,
October 31

Mailed or deposited Friday,
February 6		 Mailed or deposited Friday,
May 1

Federal Direct Stafford Loans (one term only)

(Loans one term only-must be paid in two disbursements)

2nd disbursement mailed or deposited Friday,
August 8

2nd disbursement mailed or deposited Friday,
November 7

2nd disbursement mailed or deposited
Friday,
February 13

2nd disbursement mailed or deposited Friday,
May 8

*If you are a first time borrower, Federal Regulations require that the first disbursement of Federal Direct Stafford Loans not be released until 30 days after the term begins.

**See Summer Term Students for further information.

 
     
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Lane Community College - Financial Aid - Building 1
4000 E. 30th Ave, Eugene, OR 97405
(541) 463-3100 Fax: (541) 463-3983
Please direct comments about this site to finaid@lanecc.edu
Revised 6/3/08 (llb)
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