Your Financial Aid Award Notification and MyGCC lists the dollar amounts that you will receive if you are a full-time student. The dollar amounts for most financial aid awards are adjusted each semester depending on the number of credits in which you enroll.
After enrollment has been confirmed for the 15 week session of the semester, the Financial Aid Office begins disbursing aid to the Business Office. The Business Office generates refund checks to students within 14 days as required by federal regulation. After the first round of disbursements is sent to the Business Office, aid for late applicants is disbursed on a weekly basis throughout the remainder of the semester/aid year.
Which programs are adjusted?
VGAP awards are for full-time students only and will be cancelled if you are not enrolled at full time.
Work Study and Germanna Work Study awards are normally not adjusted based on enrollment level. Work Study and Germanna Work Study will be cancelled if you are not enrolled at least half time.
PTAP (Part Time Tuition Assistance Program) awards are for students enrolled for 1 - 6 credits. This award will be cancelled for students who are not enrolled for 1 - 6 credits.
Pell Grant is normally adjusted according to the chart below with two exceptions. First, some students will be eligible for Pell Grant if enrolled less than half time. Second, students with an EFC of 3401 or higher may not be eligible for Pell Grant if enrolled less than full time.
|Number of Credits||Enrollment Level||Percent of Full Time Award|
|12 or more||Full time||100%|
|9 - 11||Three quarter time||75%|
|6 - 8||Half time||50%|
|5 or less||Less than half time||25%|
Receiving Alternative Loan Funds
In many cases the borrower applies through the lender's web site and the application is certified by the Financial Aid Office. The loan check is sent to the college once the loan is approved and the college applies the loan to the student's tuition statement balence before distributing the loan funds to the student, and after enrollment has been verified. Any refund due to the student from an alternative student loan will be delivered to the student no less than 5 days prior to the beginning of the semester. In some cases the loan check is sent directly from the lender to the student.