Disbursement Information

Financial aid eligibility is determined by the Office of Financial Aid. Once financial aid awards have been determined, a roster of those awards is then submitted to the Fiscal Office for additional review. Once the Fiscal Office has reviewed the disbursement roster, the aid is posted to student accounts. At this time, the Fiscal Office must balance each student account. If there is a credit balance on the student's account, the Fiscal Office will make a check available for the amount of the credit balance.

Financial aid eligibility is determined by the Office of Financial Aid within 1-2 business days after the student has completed their financial aid file. This can be monitored by students in their Luna Student Portal.

The Financial Aid Census Date is the third Friday of the Fall/Spring semester. This is the date that enrollment is locked for financial aid purposes. At this time, the Office of Financial Aid sends it's initial disbursement roster to the Fiscal Office for further processing.

Student bills must be created by the Fiscal Office. This typically happens on or around the third Friday of the semester. Once tuition/fee charges are no longer pending, the Office of Financial Aid can then determine any remaining state aid eligibility. At this time, the Office of Financial Aid would send an additional disbursement roster to the Fiscal Office for further processing.

Students may complete their financial aid files at any point during the semester; however, any files completed after the third week of class will likely experience delays in their financial aid disbursements due to other priority processing that takes place throughout the semester.

Financial aid is based on the classes you’re actually taking. But the total amount you receive isn’t locked in until the Census Date (the end of the 3rd Friday of the semester).

Here’s what that means for you:

• You’ll get an award notification in your LCC student email when your aid is calculated or adjusted. You can also see this in the LCC Student Portal.

• If you’re taking classes that start later in the semester (like 2nd 8-week courses), financial aid for those classes won’t be paid out until the class actually begins.

• This can make it look like you were awarded one amount, but only part of it shows up on your student account at first. Don’t worry, once your late-start class begins, the rest of your aid will be released (as long as your enrollment doesn’t change).