Do I need to check in? How do I check in to receive my aid?
Yes, every student must complete the check-in process through Self Service Banner the week prior to their first class. The process is not open until then, so this cannot be completed early. Aid cannot disburse until this process is completed online. For further questions on the check-in process, please contact the Registrar's Office at registrar@coloradocollege.edu.
When will my aid disburse to my bill?
Aid will disburse the first week you attend class in a semester as long as you have completed the check-in process through Self Service Banner. If you do not attend Block 1, your aid will remain estimated until you begin Block 2 or the first block you are enrolled in. For further questions regarding the disbursement of aid, please contact Financial Aid at financialaid@coloradocollege.edu.
I have accepted my student loans. How will my loans be disbursed?
Loans will disburse directly to your student account at the same time as your grants/scholarships, only after you have completed the online check-in through Banner Self Service and completed the entrance counseling and master promissory note found at . If your accepted grant and loan aid exceeds your direct charges, the remaining funds will be refunded on the standard refund schedule through Student Accounts.
How will my aid be applied? For example, do my loans go straight to tuition only, to room & board, to my meal plan, etc?
We adhere to the principle that paying for college is a partnership between the parent(s)/guardian, the student, and the College. All funding is combined to meet the full cost of attendance and grant dollars from the College are applied after the family contribution and student self-help. The 1098-T form that is sent to you at the end of the year will show, however, all grants toward tuition first, as this is an IRS requirement. This does not mean we look at it that way as a college, but must be federally compliant.
If I drop a course at any point what will happen to my aid?
If you choose to drop a course, whether it is taught online or in person, you may be considered a withdrawn student per federal regulations unless you return to class within 30 days during the same semester. If you are a student who chooses to drop courses and this adjusts your enrollment status below full time (3 units between Block 1 and 4, or 3 units between Block 5 and 8), then your aid will need to be adjusted to less than full time and this will affect your bill. For some, this may reduce what you owe or create a larger balance. For those who have received any refund, you may owe a portion of it back immediately.
If I take a semester off what will happen?
If a student chooses not to attend the fall or spring semester, they will be reported to student loan lenders as enrolled at least half-time for the fall semester. This means that any loans that have been borrowed previously will go into repayment. Federal Direct student loans offer a 6 six-month grace period after a student is no longer enrolled at least half-time before they go into repayment status. Please pay attention to any attempts by your loan servicer(s) to contact you.
- You can find out who your loan servicer(s) is/are by logging into the . Once you are again enrolled at least half-time in classes at Ä¢¹½ÊÓƵ your loans should go back to deferred status. Please contact the Ä¢¹½ÊÓƵ Registrar's office at registrar@coloradocollege.edu if you have questions about the reporting of your enrollment status to your loan servicer(s).
- Students will also have their aid adjusted to what their actual enrollment represents. For students who expect to use financial aid to help pay for room and board while they are not in class, this is not an option. Financial aid is based on enrollment in the class, so if this is a concern, students should plan to enroll in classes.
- For further questions regarding taking time off, please contact Financial Aid at financialaid@coloradocollege.edu.
