My Aid @ OCC

 


Bookstore Credit

If you received a financial aid award that is more than your charges with the college, you will be placed on the booklist before the start of the semester. The booklist credit will allow you to buy your books and supplies at the bookstore before your financial aid refund becomes available.


Lazer Card Transfer

You may transfer a portion of your pending financial aid refund on to your Lazer Card to use for educational expenses such as book, supplies, and meals. Visit Student Central for more information and to make your transfer.


When do I get my refund?

Financial Aid awards will deposit into your student account according to the schedule below:

After the 5th week of the semester
  • 50% of Pell Grants
  • 50% of Direct Student Loans
  • 100% of SEOG
  • 100% of Parent PLUS Loans
  • 100% of NYS TAP
After the 10th week of the semester
  • 50% of Pell Grants
  • 50% of Direct Student Loans

Financial Aid funds will first be used to pay your bill with the College. If there is financial aid money left over after your bill has been paid in full, it will be returned to you in the form of a refund administered by the Student Accounts office.


Satisfactory Academic Progress (SAP)

You must be matriculatedMatriculated: enrolled in and working toward a specific degree or certificate program. in a program and make satisfactory academic progress to receive federal, state, and institutional financial aid. If you lose matriculation (e.g., graduation, academic dismissal, withdrawal) you may not receive financial aid. Further information about matriculation and readmission is available at Student Central or in the College’s Academic Rules.

Federal and New York State Satisfactory Academic Progress (SAP) policies outline eligibility criteria and academic progress requirements for each aid program.

SAP Appeals

Students who have experienced extenuating circumstances that have hindered their academic progress may submit a SAP Appeal Form.


What if I drop a class after the semester begins?

If you make adjustments to your enrollment after the start of any semester, Student Accounts may adjust your tuition charges. Take a look at OCC's Tuition Refund Policy and contact Student Central if you have any questions.


What if I drop all of my classes after the semester begins?

Federal financial aid (Title IV) is awarded under the assumption you will attend school for the entire period for which your financial aid is awarded. If you withdraw or stop attending all of your classes before completing more than 60% of the semester, you may no longer be eligible for the full amount of federal financial aid you were originally awarded.

Talk to someone in Financial Aid before withdrawing from all of your classes so you understand what adjustments will be made to your aid and if it will result in a balance owed to the College.


What if I take classes that don't count toward my degree?

Student cannot be awarded financial aid for classes that do not count toward their degree or certificate program requirements. Talk with your advisor when registering for classes to be sure you are taking relevant classes!