
| Financial Aid Latest News and Upcoming Deadlines |
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When Do You Have to Pay Tuition? Unless you have sufficient financial aid, all tuition and fees for each semester are due by 5 p.m. on Friday of the week of registration. No bills will be generated. Partial payments (for example, paying for one class out of several classes or only paying a fractional amount of one class) are not sufficient to hold all classes. Those who fail to pay by the 5 p.m. Friday deadline will be dropped after the close of business. Payment can be submitted to the Business Office via check, cash, or credit card in person or by credit card online through myTyler. For more information, please consult the New Payment Policy Frequently Asked Questions. Financial Aid Disbursements/Refund Checks for Summer 08: Unfortunately, we cannot provide an exact date for when financial aid disbursements will be made and for when refund checks will be made available to students. This is due to the fact that there are several parties involved in this process (The Department of Education, the lending institutions, the Financial Aid Office, the Business Office, the State Treasury, and the U.S. Postal Service). The process will unfold as follows. After the last day to drop classes with a refund for the eight week summer session (June 3, 2008), the Financial Aid Office will begin verifying aid for students. Once all aid has been verified and authorized, disbursements will be requested of the Department of Education (for grants) and the lending institutions (for loans). Once received, the Financial Aid Office will disburse aid to the Business Office, where they will deduct tuition, fees, and bookstore purchases before making the refund check requests of the State Treasury. The State Treasury will then generate the refund checks and return them to the College via U.S. mail. Once they have been received at the College, they will be made available to students. The disbursement date listed on the financial aid award letter is only an estimate of when the Financial Aid Office anticipates that refund checks will be made available by the Business Office. When grant refund checks become available, notices will be posted around both campuses and on this web page. When loan refund checks are available, letters will be mailed to students. We can only offer a projection that this entire process will be complete by the last week of June (for grants) and the second week of July (for loans). Please note that students enrolled in the 2nd 5 week session (which starts on July 7th) will have their refund checks held until after the end of the add/drop period for that session. Free Application for Federal Student Aid (FAFSA) for 2008/2009: In order to apply for financial aid for the Fall 2008, Spring 2009, and Summer 2009 semesters, you must file the 2008/2009 FAFSA form. You may do so at www.fafsa.ed.gov or by picking up a form at the Financial Aid Office. You will need your 2007 Federal Income Tax Return to complete the FAFSA. If you are dependent, you will also need your parents' tax information. If you are married, you will need your spouse's tax information. Complete your FAFSA as soon as possible after January 1, 2008 if you plan to enroll for the 2008/2009 academic year. For the Fall 2008 semester, our priority date is May 15 and our guarantee date is July 15. For the Spring 2009 semester, our priority date is September 15 and our guarantee date is November 15. For the Summer 2009 semester, our guarantee date is March 15. It is recommended that you file the FAFSA at least a month prior to these dates to allow for processing time. Your financial aid can still be processed if you miss these dates but we cannot guarantee that it will be processed prior to the start of the registration period and as a result, you must be prepared to pay out-of-pocket upon registering and be reimbursed when any aid you are eligible for is disbursed to the College. Charging Bookstore Purchases to Financial Aid for the Fall 2008 and Spring 2009 semesters: You may purchase books and supplies with aid that remains after tuition and fees are deducted. PELL, ACG, SEOG, CSAP, VGAP, HETAP, and FSL are the federal and state programs that can cover books and supplies. You do not need a bookstore voucher. Simply go to the John Tyler bookstore during the below time frames with your EMPLID and your schedule of classes.
You should plan to purchase all books and supplies during these times. There will be no book charges after the date listed above. If the books you need are on back-order, please speak with the bookstore management for special arrangements. If you want to drop a class and return books, you must return your books before you drop the class. You must show your receipt AND do your return by June 3, 2008 for the Summer 2008 semester, September 11, 2008 for the Fall 2008 semester and by January 29, 2009 for the Spring 2009 semester. Federal Stafford Loan Exit Counseling: Exit counseling for students not enrolled in the current semester or who drop below six credits is available at the following link: www.ecmc.org. |
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