Frequently Asked Questions
- 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.
- The lender for the Federal Direct Loan program is the U.S. Department of Education.
- Federal regulations require that all first-year, first-time borrowers must wait 30 days from the first day of class to receive loan funds.
- 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.
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.
- 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.
- 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?
- 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.
- 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.
- Lottery Scholarships: Dropping a class could result in losing your lottery scholarship forever. Other scholarships: students must pass at least 67% of the cumulative hours which they have attempted. Loans: students cannot drop below 1/2 time or their loan payment grace period begins. Additional information: Students may receive aid for 150% of their program (90 hours for associate degree students, less for certificate students) excluding Developmental courses. Please be aware that if you drop too many classes, you will run out of aid before you complete your degree. Check with the Financial Aid Office prior to dropping a class to see how your aid will be affected.