Awarding and Disbursement Information
Your enrollment will determine your actual financial aid disbursement. The award amounts indicated on your Financial Aid Award Letter are estimates based on full-time enrollment (12 credit hours or more for federal programs and 15 credit hours for Illinois Monetary Award Program Grant) for the fall and spring semesters. The amount you receive is calculated based on your actual enrollment and the requirements of the student aid programs for which you qualify. If you are not enrolled as a full-time student at the time of disbursement, your aid awards are adjusted accordingly. You may view actual awards based on current enrollment in your student portal.
Return of Federal Funds Policy
Any student who withdraws from coursework in a semester may be required to return a portion of the federal funds that had been applied to his/her account. The final amount of financial aid earned will be based on the period of time that the student participated during the term. If financial aid is awarded after the conclusion of the term, federal aid will be awarded based on the courses completed successfully for that term. Students who need to withdraw from registered coursework should make an appointment with a Financial Aid Specialist to determine if a portion of unearned federal funds will need to be returned to the federal aid programs.
To be considered enrolled in a course for financial aid purposes, you must be registered in the course before the 50 percent refund period for the class concludes.
If you enroll in a course beyond the refund period, your financial aid package will not reflect that course. Students may retake courses as often as desired; however, financial aid will only pay for a repeated course once after a course has been successfully completed.
Pending financial aid funds are credited to your account in the Business Office and will be applied to your institutional charges approximately the third week of classes. Students with sufficient pending financial aid to cover all tuition and fees may use a portion of the remaining Pell Grant funds to purchase necessary books and supplies in the Triton College Bookstore beginning one week prior to the start of the semester.
Any remaining monies after tuition is paid and books are purchased will be issued to students as outlined below:
The refund will be issued in the form of a check mailed to the home address listed at Triton College within 8 to 10 weeks from the start of the semester.
Subsidized and Unsubsidized Federal Direct Stafford Loan funds will be applied directly toward your account. Loan proceeds that exceed tuition and fees will be refunded to you in the form of a check.