Financial Aid Disbursement Policy

Financial aid is direct deposited to a student’s bank account (or sent out by check, upon request) after the add/drop period (Monday of 2nd week, 5 p.m.) of each term. Typically, this means aid monies are received during the second week of each term. Before financial assistance can be disbursed, you must:

• be admitted (completed the admissions process)
• sign and return to the Financial Aid Office a “Disbursement Form”
• enroll for six (6) or more credit hours (except for Pell Grants)
• maintain satisfactory academic progress.

Note: If your aid was based on full-time attendance and you elect to register for fewer credit hours, your financial aid will be adjusted automatically to reflect the reduction in course load.

Students admitted into the LBCC/OSU Degree Partnership Program may have their credit hours taken at both schools combined to determine their eligibility for federal, state and institutional financial aid. Financial aid is available for qualified students who are dually admitted. For further information about the DPP program, contact the Admissions office at OSU, 541-737-4411 or LBCC Admissions at 541-917- 4811 or visit www.linnbenton.edu/degree-partnership.