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Disbursement

Disbursement is the payment of your financial aid from the Department of Education to your student account. 
 

How Enrollment Status Impacts Your Financial Aid

Most types of aid, including state grants and student loans, require at least half-time enrollment status.

Your enrollment status is determined by the number of eligible credits you are enrolled in. Below is a list of the different enrollment statuses. (The NWTC Financial Aid Office is required to evaluate your financial aid offer based on your enrollment status as of 11:59 p.m. on the Pell Recalculation Date.)

  • Full Time = 12 or more credits
  • Three Quarter Time = 9 to 11 credits
  • Half Time = 6 to 8 credits
  • Less Than Half Time = 1 to 5 credits

To review the classes you are registered in, view your class schedule on your my.NWTC account. Classes that are still in your shopping cart, that you have dropped, or that you are on a wait list for do not count toward your enrollment status.

Enrollment Changes

Your financial aid funds will disburse based on the number of credits you are registered for at the time of disbursement. If you add/drop classes after your aid disburses, it could affect your eligibility for aid, or you may owe money back to the College. If you make changes to your schedule that result in you having fewer credits than on the day your aid was disbursed, you may owe money back to the College.

Disbursements & Refunds

When Financial Aid Funds Are Disbursed

Your financial aid funding will begin disbursing after the Pell Recalculation Date if you have met all requirements. After the first disbursement, available funds are disbursed once a week. Students in unique situations may have later disbursement dates due to federal regulations.

Are you a first-time Federal Direct Stafford Loan borrower? If so, you will have your loans released in two payments, the first payment being 30 days after the semester begins. Single semester loans will be released by the Department of Education in two payments.

Learn how to view your estimated disbursement date and other related information.

You can view your financial aid offer in your my.NWTC account once the financial aid offer notification has been emailed. Before that time your my.NWTC account will say the offer is not available.

Please note: It is your responsibility to have funds to cover your expenses until your financial aid is available. 

Expecting a Refund?

All financial aid funds received will be applied to your student account to pay on tuition, fees, and books (if applicable). If you have remaining financial aid, a refund will be processed and delivered according to the refund preference that you have selected through BankMobile Disbursements.

Important Reminders:

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