Receiving Funds and Refunds
It is the student’s responsibility to understand the attendance policies of all courses they are enrolled in. See disbursement dates for each term.
Tuition and Fees
SCF deducts tuition and fees from your financial aid award directly. If your award is less than the cost of tuition and fees, you must pay the difference by the tuition due date. For more information on Tuition, fees and payment options visit the Tuition page.
How Remaining Funds are Applied
Any remaining credit balances after tuition and fees and books are paid, refunds are disbursed to SCF students according to your refund preference selection. BankMobile and SCF have partnered together to make this an easy process. For more information see Refunds.
Loan Disbursements
All loans are disbursed in two payments, even if you are enrolled in Fall term or Spring term only. The second installment is delivered at the midpoint of your loan period.
Student Employment Pay
Students working through student employment programs receive checks bi-weekly through their supervisor or directly deposited into their bank accounts. See Student Employment.
Please note: If you are a financial aid recipient and you are thinking about dropping your classes or withdrawing from the College, please consult a FINANCIAL AID COUNSELOR before hand to discuss the status of your financial aid.
SCF students receive a 100 percent refund on all tuition and fees for classes dropped prior to or during the add/drop period for each term. Any refunds will first be credited to any financial assistance received.
SCF's tuition refund policy is separate from the federal requirement to return unearned aid when a student withdraws. Whether or not the student receives a tuition refund has no bearing on the amount the student may be required to repay under the Return of Title IV Funds requirement.
Census Date
The classes that you are enrolled in as of the census date will determine the amount of grant funding you will receive. If you increase your enrollment level after the census date. your grant will not be increased. If you decrease your enrollment level after the census date, your grant will not be reduced. If you drop all courses, we are required to reduce your federal aid based on the percentage of the semester that you have completed.
No Show Policy
Students are not allowed to receive financial assistance for classes which they were reported as a NO SHOW. The student's financial assistance will be adjusted based on the enrollment status. This applies to online classes as well as regular in classroom classes.
Official/Unofficial Withdrawal from College
Students who wish to withdraw should follow SCF's official withdrawal process. Students receiving federal funds may be required to repay aid determined to be "unearned." The earned/unearned calculation is based on the percentage of days the student attended during the term in which they withdrew. The amount of aid the student has earned is determined on a prorated basis. That is, if the student completed 30 percent of the term, the student earns 30 percent of the aid received. Once the student has completed 60% of the term, the student is considered to have earned all of their aid.
The difference between the earned federal aid and total aid received equals the amount of "unearned" federal funds. Unearned federal funds are subject to repayment. Federal regulations require Title IV aid to be refunded in the following order:
- Unsubsidized Federal Stafford Loan
- Subsidized Federal Stafford Loan
- Federal PLUS Loan
- Federal Pell Grant
- Federal Academic Competitiveness Grant
- Federal Supplemental Education Opportunity Grant
If the student does not receive a passing grade at the end of the term, the Return of Title IV (R2T4) Funds calculation will be done after grades are posted for the term and it will be assumed the student unofficially withdrew at the 50 percent point of that term. Unless the class participation is available.
Any loans funds the student must return, the student (or their parents for a PLUS Loan) may repay in accordance with the terms of their promissory note(s). For grants, the law requires the student return 50 percent of any grant funds they receive. Any amount the student is required to return is a grant overpayment. SCF will repay any grant overpayment to the applicable federal program on the student's behalf and the student will be billed by SCF for any funds returned on their behalf.
SCF will notify the student when an R2T4 calculation is performed due to either an official or unofficial withdrawal and the student may be billed for any outstanding obligations by the student failing to earn Title IV funds, for which Federal funds were disbursed. Students are not eligible for further aid until all repayments have been made.
Questions regarding the process for withdrawing should be addressed to the Office of the Registrar.
Questions regarding refunds and/or repayments should be addressed to the Financial Aid Services office.
