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Disbursements and Refunds

Authorized Aid

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.

Supply Advance

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.

Book Voucher

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 can follow these steps. 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.  The full Supply Advance amount and 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     $  -300
(student owes)
Supply Advance     -   250      -    250            $0 
Remaining Authorized Aid     $ 1250      $   450             $0
Book Voucher
(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. Please see our step-by-step guide on how to purchase your books using the voucher.

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 Disbursements

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.

Refunds

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.

Refund Examples

Example A

Example B

$3500 Financial Aid Award
- 2000 Account Balance*
= 1500 Remaining

$1000 Financial Aid Award
- 1600 Account Balance*
= 600 Student Owes

*Account balance may include tuition, fees, Supply Advance, and Book Voucher.

Financial Aid at Lansing Community College

Financial Aid Office
Gannon Building
2nd Floor - StarZone
Phone: (517) 483-1200
Additional contact information »

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Office Hours
Monday - Thursday: 8am – 6pm
Friday: 8am – 4pm

School Code: 002278