Disbursements and Refunds
Financial aid will authorize to the student account when:
- Outstanding student requirements are completed.
- Student has registered.
- Tuition and Fees are billed
Authorized aid can be viewed in Banner Self Service via myLCC in the Student Tab under Student Finance, Account Detail by Term. Students with authorized aid will have their charges held on their student account until aid is disbursed.
For students who have authorized aid greater than total tuition, fees, and other institutional charges, a maximum of a $250 Supply Advance from LCC will be sent to Higher One beginning December 17, 2015 through February 2, 2016.
For students who have authorized aid greater than total tuition, fees, supply advance, and other institutional charges, a maximum of a $600 Financial Aid Book Voucher will be advanced from LCC. The Book Voucher allows the student the option to purchase books at MBS Online Bookstore from December 17, 2015 through February 2, 2016. To use the Financial Aid Book Voucher, students will access Banner Self Service and use the Textbook Link. Students who have a balance at checkout more than their Book Voucher amount will need to pay the difference to MBS Online Bookstore.
Please Note: The Supply Advance and the Book Voucher are an advance from LCC that will be charged to your student account. Only the actual amount used for the Book Voucher will be charged to your student account.
|Student that is eligible for the maximum supply advance & book voucher||Student that is eligible for maximum supply advance & reduced book voucher||Student that is NOT eligible for the supply advance or book voucher|
|Authorized Aid||$ 2500||$ 2500||$ 2500|
|Tuition & Fees||- 1000||- 1800||- 2800|
|Remaining Authorized Aid||$ 1500||$ 700||
|Supply Advance||- 250||- 250||$0|
|Remaining Authorized Aid||$ 1250||$ 450||$0|
(up to $600)
|- 600||- 450||$0|
|Remaining Authorized Aid to be Refunded||$ 650||$0||$0|
For additional information regarding the Supply Advance or Book Voucher, see Frequently Asked Questions.
Grant and Scholarship Disbursements
Grant and scholarship funds will disburse to the student account during the fourth week of the semester. Specific dates of when financial aid will disburse and the amount of the disbursement can be viewed in Banner Self Service via myLCC by accessing the Financial Aid Tab and selecting Display Award Payment.
Loan funds will disburse in multiple installments during the loan period. For specific dates of when loans will disburse, refer to Banner Self Service via myLCC by accessing the Financial Aid Tab and selecting Display Award Payment.
If the aid disbursed is greater than the account balance, the student will receive a financial aid refund via Higher One. The refund will be sent one to three business days after the aid is disbursed to the student account. Please visit Student Finance for more details and other important information on the LCC refund process.
$3500 Financial Aid Award
$1000 Financial Aid Award
*Account balance may include tuition, fees, Supply Advance, and Book Voucher.
Financial Aid Office
2nd Floor - StarZone
Phone: (517) 483-1200
Additional contact information »
Monday - Thursday: 8am – 6pm
Friday: 8am – 4pm
School Code: 002278