Financial Aid - Important Dates
Summer 2022 |
||
Date |
Financial Aid Event |
Notes |
Monday, May 2, 2022 |
1st Bookstore Charge Period |
Ends May 18 |
Wednesday, May 4, 2022 |
Payment Deadline & Deletion |
|
Sunday, May 22, 2022 |
Payment Deadline & Deletion |
|
Monday, May 23, 2022 |
1st Disbursement |
Full session and Maymester |
Friday, May 27, 2022 |
2nd Bookstore Charge Period |
Ends June 3 |
Thursday, June 9, 2022 |
1st Loan Disbursement |
First-time borrowers |
Tuesday, June 14, 2022 |
2nd Disbursement |
1st Session students |
Thursday, June 16, 2022 |
Payment Deadline & Deletion |
TCAT students |
Wednesday, June 22, 2022 |
2nd Loan Disbursement |
Single-semester loans for full-semester and Maymester |
Wednesday, June 29, 2022 |
Payment Deadline & Deletion |
|
Thursday, June 30, 2022 |
2nd Loan Disbursement ***Tentative*** |
Single-semester loans for 1st session students |
Friday, July 1, 2022 |
3rd Bookstore Charge Period |
Ends July 8 |
Monday, July 18, 2022 |
Payment Deadline & Deletion |
|
Tuesday, July 19, 2022 |
3rd Disbursement |
2nd Session students |
General Information About Disbursement & Deletion
- Attendance: Students are not eligible for financial aid for classes they are not attending. If you are a TN Promise student and you only attend 9 credit hours, then you are likely ineligible for any TN Promise.
- 1st and 2nd Sessions: Most financial aid for the full semester will be disbursed in the 1st Session, including financial aid for the 2nd Session. Students who withdraw or never attend their 2nd Session classes will be charged for the financial aid they received for those classes.
- Financial Aid Requirements: Students who do not have all documents, requirements, and appeals submitted at least 30 days before the first payment and deletion date of each semester are expected to pay their tuition and fees or set up a payment plan.
- Reimbursement of Out-of-Pocket Payments: Financial aid will be disbursed and reimbursed to eligible students once all eligibility requirements are submitted and processed.
- Financial Aid Repayment: Students who receive financial aid payments and withdraw or stop attending might be required to repay all or a portion of their financial aid. Students cannot keep financial aid that is not earned through attendance and engagement in their classes.
- Check Your TigerWeb & Email: Be sure to periodically check your TigerWeb account and your Chattanooga State email for important updates concerning your financial aid.
Loans
- There is a 30 day delay for all first-time Loan borrowers.
- TCAT Loan borrowers can receive their 2nd disbursement at the midpoint.
Satisfactory Academic Progress (SAP)
- Satisfactory Academic Progress (SAP) is calculated at the end of each term. Students might forfeit eligibility at the end of a semester and immediately lose eligibility for the next semester. Students are responsible for successfully passing their classes and graduating with Department of Education guidelines.
- Students who forfeit financial aid at the end of a semester and wait to appeal until after that semester are not guaranteed to have their SAP appeal reviewed before the next semester begins.
- Students who do not meet SAP requirements and do not submit SAP appeals in a timely manner are expected to set up payment plans or pay out-of-pocket if they continue enrollment.
- TN Promise and TN Reconnect can be awarded and disbursed to students who fail SAP requirements.