Obligations and Information

Receiving Financial Aid

Students who have completed the aid process and are eligible for financial assistance will be able to view their Award Letter on Web Advisor. The award letter will indicate the types and amounts of aid for which the student is eligible. Pell award will be adjusted according to the number of credit hours attending; i.e. three-fourths time (9-11 hours), half-time (6-8 hours) and less than half-time (1-5 hours).

 

Make sure your refund preference has been selected with BankMobile. For more information about BankMobile please visit this link: https://bankmobiledisbursements.com/refundchoices/.

Grant refunds will be made through BankMobile according to the dates listed on the financial website under Important Dates.

NOTE: Make sure your address is correct in Student Services.

Students receiving the Pell Grant, the North Carolina Community College Grant (NCCCG) and the North Carolina Education Lottery Scholarship (NCELS) may charge their tuition, fees, and books against their grants during pre-registration and registration.

NOTE: Students will be responsible for any amount owed that aid does not cover. This must be paid by the end of preregistration/registration.

You have to be attending a class in order to receive financial aid for that class. If a student has some classes that begin at the beginning of a term and some classes that begin at a later date (Flex-term and B-Term classes), this can affect a student’s Pell grant refund at the first published disbursement date.

For example, if a student is enrolled for 5 credit hours in a class that begins the first day of the semester and 2 credit hours for a B-term class, the student’s Pell Grant will be adjusted to an amount the student is eligible for 5 credit hours for the first published disbursement date of the term. Once B-Term begins, the student will be 7 credit hours and the student’s Pell Grant will be adjusted again to include this class.

Conditions of Financial Aid

To receive NCCCG, NCELS and, in some cases, Pell Grant funds, you must be enrolled at least half time (six hours). Enrollment status is checked before disbursement can be made.

Enrollment status for financial aid purposes is determined at the end of drop/add and when attendance is verified. Audited courses or credit-by-examination courses are not counted in the enrollment status. Up to 30 credit hours of developmental course work and all prerequisite courses are counted in enrollment status.

Only tuition and fees may be charged against your Pell Grant during pre-registration. Books and supplies may be charged beginning approximately one week before the first day of classes. Charging of your tuition, fees, books and supplies against your grant will end with drop/add each semester. The student will be held liable for any charges that exceed his/her financial aid awards.

Students receiving federal student aid must maintain satisfactory academic progress.

Financial Aid recipients must reapply for aid every academic year.

Tuition Refund Policy

View Craven Community College’s Refund Policy.

NOTE: This policy is subject to change by the North Carolina Community College System.

Official Withdraw from the College

Students receiving federal aid who withdraw from school before the 60% of the semester, may owe a portion of the aid already received for the semester. This is determined by the financial aid office and prorated according to the federal guidelines. Students will be notified in writing as to the repayment amount. This must be repaid before enrolling for a subsequent semester.

A student’s withdrawal date is always the student’s last date of attendance. Students who stop attending without notification are still subject to review and may have a portion of their aid returned if they failed to complete at least 60% of all enrolled classes.