Financial Aid Disbursement
Why is student financial aid being disbursed mid-semester rather than at semester start?
We fully understand that these funds are very important to our students. SUNY Broome has streamlined its internal efforts to assure attendance is reported timely and financial aid is disbursed to students as quickly as possible.
Financial Aid Disbursement Changes
SUNY Broome has long been concerned about the impact of student debt on the success and long-term financial future of its students. This concern has been loudly echoed nationwide.
After careful consideration and review, which included a comprehensive survey of fellow SUNY community colleges, SUNY Broome has determined that changes to its disbursement of financial aid linked to attendance are necessary. These changes will better reflect the common practices used by the majority of SUNY community colleges and are intended to protect the academic success and financial stability of our students.
Starting in the Fall 2014 semester financial aid funds will be distributed after the processing of third week attendance has been completed and credit balances will be made available by approximately the end of the sixth week. Tuition, fees, and college residence charges will be covered by anticipated financial aid.
To make sure students relying on financial aid can start the semester with the books and supplies they need, the college bookstore has offered to provide an electronic voucher.
Please begin planning now to cover your personal expenses until credit balances are made available.
Financial Aid Disbursement Q&A