Cost & Financial Aid

Financial Aid Policy on Disbursements

Financial Aid Awards

Once class attendance is verified each term, financial aid is disbursed to the student’s account. If the student's aid is greater than the total tuition, fees, and bookstore charges for the term, the student may qualify for a financial aid disbursement check.

Book Advance

Students are eligible for a Book Advance up to $2,000 prior to the start of the term, if their financial aid exceeds their charges for tuition and fees. The Book Advance will allow students to purchase books and supplies prior to the beginning of the term. The Book Advance is calculated by subtracting tuition and fees from the amount of authorized aid up to a maximum Book Advance of $2,000. The Book Advance will allow up to $250 in purchases of incidental expenses, i.e. gas cards.

Students with available funding will be allocated up to an additional $1,100 for a laptop purchase. Students may purchase one laptop using the Book Advance during their time at Piedmont Tech.

Disbursements

Students will receive any remaining financial aid funds after tuition and fees are paid each term.    Loans are disbursed in two installments.  Grants and Scholarships are paid in one disbursement.  See the dates listed on the in the Financial Aid section of the events calendar on the web and on the Student calendar.

Student Benefits:
  • Provides funds for books and supplies prior to the start of the term.

  • Assists with budgeting and planning for the entire term.

  • Increases student success.

  • Decreases the amount of student loan defaults.

  • Ensures financial aid is based on actual enrollment.

  • Meets federal financial aid accountability requirements.

  • Saves college resources to help keep tuition low.

Disbursement Examples

Once a student's financial aid is transferred to their account, if the amount of the student's financial aid exceeds tuition, fees, bookstore charges, and other institutional charges on the student account, the student is entitled to a disbursement check. Students will need to plan ahead for other expenses such as rent, transportation, and child care until the financial aid check disbursement dates.

Example A

Example B

Example C

$5500 Financial Aid Award
- 1785 Tuition & Fees
= 3715 Remaining
- 2,000 Book Advance
= $1715 FA Disbursement Check

$2185 Financial Aid Award
- 1785 Tuition & Fees
= 400 Remaining
- 400 Book Advance
= $0 FA Disbursement Check

$1000 Financial Aid Award
- 1785 Tuition & Fees
=785 Student Owes
= 0 Book Advance
= $0 FA Disbursement Check