Disbursement and Payment Information

Federal financial aid is disbursed (or paid) each semester after the 80% refund date, with the exception of Federal Work-Study funds. Financial Aid pays —in order— your tuition and fees, purchases at the ACM Bookstore, and your Willowbrook Woods housing bill, if you are a resident.

Any remaining aid is available within two weeks as a student refund. You may pick up your refund from the Business Office or receive it at your address on file. Bills may be viewed in WebAdvisor by selecting Student Finance-Account Summary.

To keep your financial aid on track, be sure that your financial aid awards is an “accepted” status in WebAdvisor, and that have your final, official high school transcript on file in Admissions Office.

For Willowbrook Woods residents, remaining aid after payment of tuition and fees and books is automatically applied to your housing bill. Residents may receive a refund of remaining funds after that payment.


Federal Student Loan/Parent Plus LOANS

  • Require enrollment in six Title IV-eligible credits.
  • Mandate a valid/recent Master Promissory Note and completion of Entrance Counseling.
  • Stipulate that first-time borrowers are subject to a mandatory 30-day hold for disbursement of funds.
  • Disburse in two equal financial aid payments with the exception of students accepting one-term awards or who are enrolled in single semester programs. They will receive loan funds in two disbursements in one semester.
  • Dictate that Parent PLUS Loan refunds be mailed directly to parent borrowers.

Federal Grants

  • Make initial awards based on full-time enrollment (12 or more credits).
  • Pro-rate actual disbursements based on actual enrollment: 75% of the awarded amount for nine to eleven credits; 50% of the awarded amount for six to eight credits; and 25% of the awarded amount for one to five credits.
  • Disburse grants no earlier than the third week (after 80% refund) of class.

State Grants

Maryland

Pennsylvania

Washington, D.C.

West Virginia

  • Eligible to use funds from WV GEAR UP (Gaining Early Awareness and Readiness for Undergraduate Programs) if you were a participant.


Did you know? Bus passes and meal card vouchers may be purchased at the ACM Bookstore with remaining financial aid funds.

All funds are subject to return based on attendance in courses. Please refer to the Return of Title IV funds policy.

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