Estimated Refund Dates
Summer 2020 Loan, Grant and Scholarship Disbursements
Regular loan borrowers: Summer is considered optional so it is a One Semester Loan
Loan refunds for First Time/One semester borrowers: 1st 30 days will begin being processed around July 7, with refunds for most students being received around the week of July 17. The 2nd 30 day disbursement will begin being processed around August 7, with refunds for most students being received around the week of August 17.
Refunds for grants and scholarships will begin being processed around July 7 with refunds for most students being received around the week of July 17.
During the refund process, when you go to your MYLFCC account to view your previously posted financial aid award(s) and they are not showing for the semester, that most likely means the Business Office is processing them and any refund you are due will be direct deposited, applied to a reloadable debit card or mailed to your address of record with LFCC– based on the method that you setup for your account. The award(s) will again show on your account once the Business Office has finished their processes and the amount of the refund will show also.
First-time Borrowers and/or One Semester Borrowers: Our default rate for student loans is over 15%, so your loan(s) will be disbursed in two installments with a 30 day delay for each disbursement.
NOTE: Students taking only late starting classes (second 8-week and/or second or third 5-week) will have a notice on their To Do List about a delayed refund.
As always, be checking your student e-mail account and To Do List for updates from the Financial Aid Office.
Please call 540-868-7130 or email [email protected] with any questions.