Students being helped at the One-Stop

Financial Aid Handbook - Receiving Your Financial Aid

Once your financial aid is finalized, your financial aid will be credited to your LMC student account and first be applied toward tuition and fees. If your Pell grant award exceeds your tuition and fees, you will be issued a Bookstore Credit for your remaining financial aid, up to a maximum of $800. Only the amount you actually buy in books and supplies will be charged and paid by your financial aid funds. Please note, not all funds can be used to purchase books. Pell Grants and Direct Loans, which are the most commonly received types of aid can be used for book purchases. However, other types of aid like TIP cannot be used for this purpose.

If you have funds left after paying for tuition, fees, and books, a refund will be issued through Higher One for the remaining balance. You should be getting a Higher One mailing that explains your options. Make sure you register your account and select a refund option so you get your refund in a timely manner. We strongly encourage you to select the direct deposit option through your checking/savings account. There are no fees associated with this method but there are fees when using the Higher One card.

Questions about Higher One should be directed to the Business Office at (269) 927-8610.


 


Bookstore Credit Dates: Remaining Balance Checks Sent:
Fall 2015 August 10 - September 22, 2015
October 23, 2015
Spring 2015 January 4 - 25, 2016
February 26, 2016
Summer 2015 April 25 - May 23, 2016;
June 20 - July 15, 2016
June 10, 2016


Please note: Your Pell Grants and Direct Loans will not be disbursed until the classes you have enrolled for have begun and we have verified your attendance in your classes.




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