Refund Dates

All financial aid sources (grants, scholarships, loans) disburse at various times throughout the semester as funds are received. Students are notified by email when funds disburse. Payment of current semester tuition/fee/book charges are paid by the first financial aid funds applied to your student account. For details, review your account activity.

Dates are tentative and subject to change.

2019 Summer Pell Dates  

2019 Summer Loan Dates

June 21, 2019 June 5, 2019
July 12, 2019 June 12, 2019
  * July 10, 2019
  July 17, 2019

Oklahoma’s Promise Disburses Mid-July as funds are received from the State.
*July 10, 2019 loans disburse for first-time student loan borrowers in the first year of their degree program.

*July 10, 2019 second half of one-term summer loans disburse.

Federal funds are awarded to a student under the assumption that the student will attend school for the entire award period. Class attendance is a requirement for Federal Student Aid eligibility. Students must attend and participate in class through the 10th week of 16-week courses or the 5th week for 8-week courses to earn all of their financial aid funds.

Refunds - OCCC issues refunds from excess loan/grant/scholarship funds through a partnership with BankMobile Disbursements. If you are entitled to a refund, BankMobile will send an email notifying you when it has processed. Refunds are typically available after 3 pm on the disbursement date. BankMobile advises students to expect three business days for funds to transfer to an existing bank account. Refunds process in accordance with your selected refund preference. If you have not selected a refund preference, login to MyOCCC Portal click menu in upper left corner; MyMoney  - Refund Preference.

Pell Grant Disbursements – Pell awards are assessed based on a student’s enrollment at the close of the semester add/drop period. Students awarded prior to this date will be on the first scheduled Pell disbursement. After this date, expect a one-week processing time after being awarded to be on the next scheduled Pell disbursement.

Module Courses – Students enrolled in module 8-week or fast track courses that begin later in the semester will receive Pell grant funds for these courses along with their 16-week courses. Dropping module courses may result in a Pell overpayment. The student will be responsible for repaying any overpayment. Please contact the Financial Aid Office before dropping!

Loans Disbursements for students who have completed Entrance Counseling and Loan Agreement (MPN), are enrolled in at least 6-credit hours, and have accepted their loan by the week prior to disbursement can expect to be on the first scheduled loan disbursement. After this date, expect a one-week processing time after loan acceptance to be on the next scheduled loan disbursement.

First-Time Student-Borrowers, in the first year of their degree program, initial loan disbursements are scheduled at least 30 days after the beginning of the loan period.

One-Term Loans - Students receiving a one-term loan for the current semester will receive loans in two disbursements. The second disbursement will be on or after the semester midpoint.

Pell Bookstore Charges - Bookstore charges begin one week prior to the semester begin date and continue through the first week of 8-week courses or the first two weeks of 16-week courses. Eligible students enrolled and awarded for the semester with excess Federal Pell Grant funds after all tuition and fee charges are paid, may go directly to OCCC Bookstore with their OCCC Student ID to charge required books and supplies.

Student Loan Bookstore Charges - Eligible students with excess loan funds after tuition/fee charges, who are not scheduled to receive their loan disbursement, may request a loan bookstore voucher from the financial aid office to charge against their loan. An OCCC Student ID is required to charge at the OCCC Bookstore.