Payment of Funds

In this Section

Front Range Community College pays (or disburses) funds on eligible student accounts at the end of the add/drop period for each semester that financial aid is offered.

Amount of Financial Aid Offer

All aid is offered with the assumption of full-time enrollment (12 credit hours or more for the semester). However, payment depends on the number of credits you are taking, so this doesn't mean you have to be enrolled in 12 or more credits to receive financial aid.

When we pay funds toward your balance at FRCC, funds will be prorated based on the credits you are taking. Federal financial aid will only pay towards courses that are required for your declared program of study at FRCC. View Course Program of Study for more information.

See the examples below to learn more about how FRCC disburses financial aid.

Pell Grant Example:

$7,395 offered over two semesters ($3,697 each semester)

If You Attend: Amount Paid Will Be:
Full-time (12 or more credits): $3,698 or 100% of offer
11 credits: $3,402 or 92% of offer
10 credits: $3,069 or 83% of offer
9 credits: $2,773 or 75% of offer
8 credits: $2,477 or 67% of offer
7 credits: $2,145 or 58% of offer
6 credits: $1,849 or 50% of offer
5 credits: $1,553 or 42% of offer
4 credits: $1,220 or 33% of offer
3 credits: $924 or 25% of offer
2 credits: $629 or 17% of offer
1 credit: $296 or 8% of offer

 

Colorado Student Grants (CSG), Federal Supplemental Educational Opportunity Grant (FSEOG), and Institutional Grant Example:

$5,000 offered over two semesters ($2,500 each semester)

If You Attend: Amount Paid Will Be:
Full-time (12 or more credits): $2,500 or 100% of offer
Three-quarters time (9-11 credits): $1,875 or 75% of offer
Half-time (6-8 credits): $1,250 or 50% of offer
Less than half-time (less than 6 credits): $0 or 0% of offer

 

Subsidized and Unsubsidized Direct Loan:

In order for students to be eligible to receive a disbursement of accepted loan funding they must be enrolled in a financial aid eligible degree and/or certificate program and taking 6 or more credits applicable to the program. Direct Subsidized and Unsubsidized Loans have a loan fee that is a percentage of the loan amount and is proportionately deducted from each loan disbursement. 

 

Getting a Refund

Financial aid is paid on your student account to cover eligible tuition and fees as well as certain bookstore charges. If you will receive money after this happens, the Cashier's Office will process the refund. Learn more about refunds.