Award Notification and Disbursement
Financial aid is awarded for the academic year, July 1 through June 30 (except for second-year medical students. Their academic year begins July 31 and ends June 30). Once an application has been reviewed to determine a student's eligibility for assistance, one of the following occurs:
- An award letter is generated, notifying the student of the type and amount of assistance awarded; or
- A letter providing alternative funding sources is sent to students who do not demonstrate financial need. These students should feel free to contact the Office of Student Financial Aid for assistance in determining which program(s) would best meet their needs.
Generally, financial aid checks are disbursed at the beginning of each semester. Financial aid is first credited to each student's account to pay tuition and fee charges. Once all charges are paid and all loans are e-signed, any remaining credit balance is refunded to the student. Refunds are used to purchase books and supplies and to meet living costs. All loan and scholarship checks or e-refunds are processed by Student Account Services in Room T100.
All students who are interested in e-refund (direct deposit) must log into the BCM Intranet site: http://intranet.bcm.tmc.edu/osa and sign up.