Balance/Refund Schedule Winter 2015 - Kalamazoo Valley Community College

Financial Aid Disbursement Credit Balance/Refund Schedule
Steps to Apply for Summer Financial Aid at KVCC

Have a complete and valid 2014/15 FAFSA on file with the Financial Aid Office.
Complete a KVCC Summer Intent Form. (Available in the Financial Aid Office or can be downloaded from our website at www.kvcc.edu/financial, then go to Forms).
You need to read and accept our Terms and Conditions if you haven't already done so for 2014/2015.
You will be notified by email when your summer award information is available online. Please check your MyValley account.

Important Notes

If you are not enrolled and attending at least 6 credit hours that begin on May 11, 2015, your loan refund will be issued after the initial credit/balance refund date. This may also affect your Pell Grant refund. Refer to How/When $$$ Paid on our web page at www.kvcc.edu/financial.

Example:
Nate has an English 110 class that begins May 11th. ENG 110 is a 3 credit hour class. He also has Political Science 101 that begins June 25th and is 3 credit hours. Nate will not receive a refund of his loans until July 17th. KVCC must monitor attendance in 6 credit hours before we can disburse his loans. Although he began a class in May, he did not begin his sixth credit hour until June 25th. His eligibility is based on his attendance in both classes.

Class	Number of credits	Start Date	Credit/Balance refund
ENG 110	3	May 11th	Does not have 6 credits required for loan to disburse to his account
PSI 101	3	June 25th	July 17th (enrolled in 6 credits and attendance standards have been monitored - now eligible for loan credit balance refund)

To process a Federal Pell Grant for the 2015 summer semester, you must complete your financial aid file by Friday, June 5, 2015.
All Pell Grant awards for the summer semester will be based on full-time attendance (12 or more credit hours), and will be adjusted based on your actual enrollment and/or remaining Pell Grant eligibility for 2014/2015.
To be eligible for a student loan, you must be enrolled at least half-time (6 or more credit hours) and have remaining loan eligibility for 2014/2015.