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How are Awards Disbursed?

Eligible financial aid recipients may register for classes and charge tuition and fees against the scholarship or grant amount indicated on the financial aid award notice for the applicable semester. If the scholarship or grant is more than the total amount of tuition and fees, the remainder may be used for other educational expenses. A refund for the remainder of the award(s) will not be available until after the refund period has passed and enrollment verification has been completed each semester. If, after receiving a refund, a student's class is canceled or changed to an audit or the student is dropped from a class, the student will owe back a portion of the refund applicable to the change in enrollment.

Refunds are delivered to students by utilizing the DSC OneCard. Each registered Daytona State student will receive a DSC OneCard. The card will arrive in the mail at the student's primary address on file with the College. To receive the refund, the student must activate the DSC OneCard. During card activation, the student chooses how to receive the refund money.

The options for receiving financial aid refunds include: a direct deposit to the student's DSC OneCard, or a deposit to the student's bank of choice.  For more information on the DSC OneCard go to DaytonaState.edu/studentaccounts/onecard.html.

Students activate the DSC OneCard and make the refund selection online at DaytonaStateone.com.

Refunds are applicable to scholarships, grants, Federal Direct Loans, and Federal Direct Parent PLUS Loans.

Please Note: Institutional fee waivers are issued for tuition only and may not be used for other educational expenses. Any funds not used as tuition will not be refunded to the student. A Federal Work-Study award cannot be used to charge fees.

Federal Direct Loans and Federal Direct Parent PLUS Loans are disbursed electronically directly to the student's account. Please note, per federal regulations, the earliest date a loan may be disbursed to a student who has not completed a minimum of 30 credits in his or her current course of study at Daytona State is 30 days after the first day of classes. Additionally, all first-time borrowers at Daytona State must complete loan entrance counseling before their loan proceeds may be disbursed. Loan entrance counseling can be completed online at Studentloans.gov.

A student attending both fall and spring semesters will receive one disbursement of one-half of the total loan proceeds per semester (as long as a minimum of half-time [six credits] enrollment is maintained). A student attending one semester (fall or spring) will receive the loan proceeds of one-half of the total loan amount in two disbursements. Per Federal regulations, the second half of the loan may not be disbursed until a minimum of one-half of the semester has elapsed. A loan disbursement will not be made after a student ceases to be enrolled in at least six credit hours.

A student's eligibility for financial aid is partially based on enrollment status as well as the start date of classes.  Students should be aware that certain courses may have staggered or irregular start dates that are not the same as the beginning of the standard semester.  Students enrolled in these courses are not eligible to receive financial aid funds until the classes are in progress and enrollment can be verified.

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Daytona State College 1200 W. International Speedway Blvd., Daytona Beach, Florida 32114 (386) 506-3000

Daytona State College is an equal opportunity institution.

Last updated: 2014-08-04T21:10:55.611Z