Frequently Asked Questions

FAQ Category

What is the difference between a subsidized and unsubsidized loan?
FAQ Answer:
  • Subsidized loans are need-based loans where the government pays the interest due on the loan while the student is in school and during the grace period. Unsubsidized loans are non-need-based loans where the student is responsible for paying the interest due on the loan while they are in school and during the grace period.
Who is the lender for my loan?
FAQ Answer:
  • The lender for the Federal Direct Loan program is the U.S. Department of Education.
Why do I have to wait 30 days to receive my loan check?
FAQ Answer:
  • Federal regulations require that all first-year, first-time borrowers must wait 30 days from the first day of class to receive loan funds.
When are my fees due?
FAQ Answer:
  • All applicable fees are payable at the time of registration each semester. Failure to pay or make arrangements to pay your fees can result in being purged (removed) from your classes. If you are purged, you will have to re-register and may not be able to get the classes you need.
How do I buy my books when receiving financial aid?
FAQ Answer:

All students should be prepared to purchase their textbooks by the first day of class. Due to the complexity of the financial aid awarding process and the federal requirement of verifying class attendance prior to the delivery of financial aid funds, there may be a delay in the receipt of financial aid funds. 

The Book Voucher Program is available to students as an advance against their financial aid award to be used for the purpose of purchasing required books, supplies, or manuals for their courses.

 

What is a Book Voucher?
FAQ Answer:
  • The Book Voucher Program is available to students as an advance against their financial aid award to be used for the purpose of purchasing books, supplies, or manuals for their courses. 
When do I get my financial aid refund?
FAQ Answer:
  • Students with a credit balance due to financial aid awards will not receive a refund until attendance has been verified for all classes.  Recipients will be notified via email to their MyDSCC mailbox when any disbursements are made and a refund is processed.
What does satisfactory progress mean?
FAQ Answer:

What does satisfactory progress mean?

  • Satisfactory progress means that you are progressing toward completion of your degree.  As a minimum, you must successfully complete 67% of the cumulative classes you have attempted.  A grade of A, B, C, D, or P will be required for successful completion.   In addition, you must meet the institution's minimum standards as you progress toward your degree. View the Satisfactory Academic Standards.You may receive financial aid for coursework up to 150% of the required hours for your degree or certificate, whichever comes first.
Why am I on financial aid suspension?
FAQ Answer:
  • All institutions are required to develop a maximum period of time for students to receive aid at their institution, as well as monitor their progress along the way.  Students may receive aid for no more than 150% of the hours required for the degree (90 for associate degree students). As a minimum, you must complete 67% of the classes you attempt.  A grade of A, B, C, D, or P will be required for successful completion.   In addition, you must meet the institution's minimum standards as you progress toward your degree. Failure to meet these requirements will place a student on suspension. View the Satisfactory Academic Progress Standards.
How do I appeal the loss of my financial aid due to failure to maintain satisfactory progress?
FAQ Answer:
  • Appeal instructions and forms are available online. You must also see your advisor for an academic plan for completing your degree and provide appropriate documentation as outlined in the instructions.