Aid Like a Paycheck
Beginning in January 2014, San Jacinto College has a new policy for refunding financial aid after your outstanding charges to the College are paid. Some students will receive their financial aid refund in a single deposit to their San Jac Card approximately 30 days after the start of the term, while other students will receive their financial aid refund deposits to their San Jac Card approximately every two weeks, starting as early as three weeks into the term and continuing throughout the semester. Your total expected financial aid amount will be the same regardless of when you are scheduled to receive your refund deposits. Students who are selected to participate in this new policy will be notified and informed via email of which disbursement method they will receive their financial aid refund through.
San Jacinto College is enacting this new policy in the hope that it will help students better manage their financial aid money throughout the semester, therefore maintaining a balance between work hours and school. Overall, the goal is to support students throughout the semester so they can stay enrolled in their courses and successfully complete them.
As mentioned above, San Jacinto College will refund financial aid in two ways this semester. A detailed description of each method is below.
If you are awarded financial aid, you will receive a notification of your award via email as soon as it is awarded. This award information is also instantly available online in your SOS account.
If you receive your financial aid award before payment deadlines, tuition and fees may be charged directly to grants, Direct Stafford Loans, and some scholarships, up to your eligibility.
If you have a balance after tuition and fees have been deducted from your financial aid award, you can charge your books and supplies on a schedule posted at the San Jac Bookstores. There is a 24-hour delay before those funds will be available in the bookstore account.
If you still have a balance after all registration charges (including tuition, fees, books, and supplies) have been paid off, or if your financial aid award is posted to the web after registration has ended, a refund will be sent to your San Jac Card.
In this method, you will receive your financial aid refund in a single deposit to your San Jac Card approximately 30 days after the start of the term.
Aid Like A Paycheck
After paying off all registration charges as outlined above (ie. tuition, fees, books, and supplies), you will receive your financial aid refund in multiple deposits every two weeks if your total refund exceeds $800. You will be on this refund schedule for fall and spring semesters only, through 2017. Specifically:
- Students whose financial aid refund exceeds $800 after paying tuition and fees and purchasing books, will be issued seven or eight deposits to their San Jac Card approximately every two weeks over the course of the semester, starting as early as three weeks into the term.
- Students whose financial aid refund is less than $800 after paying tuition and fees and purchasing books, will be issued a single deposit to their San Jac Card, typically 30 days after start of the term.
This refund payment schedule may change throughout the semester. If your financial aid refund changes due to course registration changes, or if you spend a large portion of your refund on books and supplies, your bi-weekly refund may revert to a single disbursement that will be paid out to your San Jac Card as a lump sum. This will only happen if your bi-weekly refund amount falls below $75.
If you have any additional questions about financial aid or your financial aid refund payment schedule, please contact a San Jacinto College financial aid advisor. Contact information for financial aid advisors can be found on the Advisors section of our Financial Aid web page. If you believe that receiving financial aid refunds in transfers approximately every two weeks may cause you unnecessary hardship, you may contact a financial aid advisor at your nearest campus.
For the most up to date information on your financial aid award and your specific financial aid refund payment schedule, please check your SOS account.
San Jacinto College is also testing which method of refunding financial aid works best in helping students manage their finances and succeed in college. As part of this study, San Jacinto College will share your student records data with a research organization called MDRC. These data include personal identifiers, such as name and contact information, enrollment in college, courses attempted and completed, grades, and financial aid receipt. In the future, researchers may contact you to ask questions about financial aid and your experiences in college. Information that MDRC and San Jacinto College collect for the study will be kept confidential and will be used for research purposes only. If you have questions about the study, or you don’t want to be contacted or your data to be shared, please contact MDRC at firstname.lastname@example.org. Whether or not you remain in the study, you will always have access to financial aid or any other San Jacinto College services.
Information that MDRC and San Jacinto College collect for the study will be kept confidential and will be used for research purposes only. Paper research records that include identifying information such as names, addresses, or Social Security Numbers will be kept in locked filing cabinets or locked offices at MDRC and San Jacinto College. Computerized research data will be kept in password-protected files. All paper and computerized files containing identifying information will be destroyed at the end of the study.