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 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 subject to change.  

 

2021 Spring Pell Dates           

2021 Spring Loan Dates 

 n/a

January 27, 2021

February 5, 2021

February 10,2021

February 19, 2021

February 17, 2021  Early 8-wk 1st Time Borrowers

April 9, 2021 Mid-term 2nd Disbursement April 2, 2021 Mid-term 2nd Disbursement
April 23, 2021 April 21, 2021  Late 8-wk 1st time borrowers

May 7, 2021

April 28, 2021

Oklahoma’s Promise and OTAG disburse as funds are received from the State, near mid-term of each semester.

2021 Summer Pell Dates

2021 Summer Loan Dates

June 25, 2021

June 9, 2021

July 16, 2021

July 7, 2021  1st time borrowers

Read more about Summer Financial Aid at Summer Financial Aid Info

 

*Loans disburse for first-time student loan borrowers 30-days after term begin date.

Second half of loans and Pell disburse mid-term.

Federal grant and loan funds are awarded to a student under the assumption that the student will attend school for the entire term. Class attendance is a requirement for Federal Student Aid eligibility. Students must attend and participate in class through the 10th week of 16-week terms or the 5th week for 8-week terms to earn all of their financial aid funds. Students should contact financialaidoffice@occc.edu before totally withdrawing from all courses in one term.

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. Typically, refunds are available after 3:00 p.m. 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. Contact bursar@occc.edu for assistance.  For more information visit: Bankmobiledisbursements.

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.

Loans Disbursements for students who have completed Entrance Counseling and Master Promissory Note (MPN), are enrolled in at least 6-credit hours, and have accepted their loan 3-weeks prior to scheduled disbursement can expect to be on the first scheduled loan disbursement. After this date, expect a 3-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.

Pell Bookstore Charges - Bookstore charges begin one week prior to the semester begin date and continue through the first week of classes. 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. Online ordering is available by following the link in your email notice.

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 to charge against their loan by emailing financialaidoffice@occc.edu