Gogebic Community College

Payment of Aid

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  • Financial aid awarded in the form of grants, scholarships, and loans will be applied toward my student bill first and will pay outstanding tuition, fees, and room (if applicable) authorized charges I owe to GCC.
  • Financial aid is paid to your GCC student account after the census date, approximately two (2) weeks into each term.
  • Students scheduled to received more financial aid than the balance owed to GCC may be issued a refund.
  • If eligible for a refund, it will be issued on the refund preference  selected (within 14 days of disbursement).
  • Students are responsible for ensuring that their address is valid.
  • Federal regulation mandates that all first-time borrowers of federal loans must wait 30 days from the first day of classes for the loan to disburse. If participation in academically related activities is not performed by me before or after disbursement of any loan, eligibility for student loans will immediately be voided and will be referred to a loan servicer for immediate repayment of my loans.
  • Federal regulation mandates that all federal loans be released in two (2) disbursements. Most loans will automatically be scheduled across two (2) semesters (i.e., fall and spring or spring and summer).
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