Disbursement Information
Pell Grant:
Students who have established Pell Grant eligibility (submitted valid Student Aid Report and all required documentation prior to registration), have registered, and are attending class will be mailed the balance of their Pell Award by the fourteenth day after the first day after the disburement date that the money is applied to the student's account. Financial Aid will be authorized on the students account until the disbursement date, allowing the student to attend class and purchase books, if the student has accepted the Title IV authorization, Students wishing for their refunds to be direct deposited into their bank account must go to their myLBWCC(OneAccs) account and complete the direct deposit information or contact the business office. After the inital refunds are processed, any new refunds will be processed every two weeks.
Pell & Student Payable Disbursements
NOTICE
Beginning Fall Semester 2015, LBWCC will begin the implementation of a direct deposit for all student payables. A checking or savings account is MANDATORY for all refunds, Financial Aid and loan disbursements. Students can register banking information online: Sign in to your student account under myLBWCC – you will receive a prompt to complete/update your direct deposit information.
If your banking information is not correct it will cause a delay in you receiving payments for refunds or Financial Aid disbursements. It is your responsibility to ensure the accuracy of your direct deposit information. If you change banks or bank accounts, you must update your account information. Banking information may be submitted at any time, but will not be available for disbursements until two weeks from the date of submission.
Early Withdrawal:
If s student completely withdraws from the college before the 60% point of the semester, he or she may owe a repayment to the Pell Grant program or to LBWCC for monies returned on the student's behalf. Students who owe repayments of Title IV funds to the Department of Education will not be allowed to use any Title IV financial assistance at this institution or any other institution until the payment is made. Student's, who owe funds to LBWCC due to a Title IV Return Calculation, transcript will be placed on hold until the balance is paid in full. LBWCC will bill the students for any funds the school is required to return on the student’s behalf, or that the student may owe the college.
Eligible students may receive Title IV Federal financial assistance for a period of time not to exceed 150 percent of the normal length of a specific program (the “normal length” of specific program will vary dependent upon whether the students is half-time, three-quarter time, or full-time). Also, reducing enrollment status or withdrawing from the college may affect the required standards of progress and cause the student to lose eligibility to receive financial assistance. Standards of Progress for financial assistance eligibility are published in the college catalog and may be reviewed online here.
Federal Supplemental Educational Opportunity Grant (SEOG):
SEOG balances will be mailed to the students after attendance is verified for each class the student is registered. Mailing dates vary each semester and will be provided to student upon notification of award.
Federal Work-Study:
Time sheets are due in the Financial Aid office on the last day of each month unless otherwise notified. Timesheets turned in after this date will result in payment the following month. Students will receive thier work-study check on the last day of each month. The payroll period will be the 16th-15th of each month work-studies are allowed to work.
Alabama Student Assistance Program Grant (ASAP):
Alabama Student Assistance Program (ASAP): ASAP checks will be processed and mailed to eligible students upon receipt of funds from the Alabama Commission on Higher Education in Montgomery, AL and completing of an Attendance Verification Form. Mailing dates vary each semester and will be provided to student upon notification of award.
Scholarships:
Recipients may apply charges to their scholarship account based on the guidelines of the scholarship received. Scholarship recipients will sign a scholarship acceptance form regarding the terms of the institutional scholarship received. If the student has been awarded a scholarship from another entity, the student is responsible for contacting the business office if the scholarship may be disbursed directly to the student and request payment of the scholarship.
