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Disbursement

Spring 2023 Financial Aid Disbursement Dates

*Please allow 7-10 business days for each disbursement process to complete.

These dates are tentative and subject to change.

Sign up for Direct Deposit: https://www.mgcc.edu/tuition-refunds.

 

First Disbursement

 Beginning the week of March 6th

  • Local/Private Scholarships – No Refund
  • Virginia Commonwealth Grant (COMA)
  • Virginia Guaranteed Assistance Program (VGAP)
  • Local/Private Scholarships
  • Foundation Scholarships
  • Local/Private Loans

Beginning the week of Mar 20th

  • Federal Pell Grant

 Beginning the week of April 3rd

  • Federal Direct Student Loans

 Beginning the week of Apr 17th

  • Federal Supplemental Education Opportunity Grant (SEOG)
  • Part-Time Tuition Assistance Program (PTAP)
  • Virginia Community College Supplemental Grant (VCCS Grant)

 

Second Disbursement

 Beginning the week of Apr 24th

  • Federal Pell Grant

 Beginning the week of May 1st

  • Federal Direct Student Loans

 Final Disbursement will be after the Spring 2023 semester has ended.

 

 *Roadrunner Promise and G3 funds are applied only if needed after all other funds are exhausted. Students will not be able to see Roadrunner Promise funds in their SIS Student Center.

 

PLEASE NOTE:

  1. All dates are tentative and are subject to change.
  2. If you have outstanding Checklist items, your financial aid will not be disbursed.
  3. Some classes start later in the term. Disbursements will be delayed until attendance has been verified in all classes.
  4. School Closings and State and Federal holidays will delay disbursements.
  5. Refunds are issued after the disbursement process has fully completed.
  6. Receipt of refund through direct deposit may take up to 5 business days.
  7. A paper check refund takes 5-10 business days longer than direct deposit.
  8. Additional disbursements may be processed as needed.