Types of Financial Aid
Managing Financial Aid
- Refund Dates Fall & Spring
- Refund Date Summer
- Satisfactory Academic Progress (SAP)
- Withdraw Information
- Frequently Asked Questions
- Student Consumer Information
- Emergency Loans
- Award Letter Disclosures
- Who is Eligible
- Rights and Responsibilities
- Cost of Attendance
- Terms and Conditions
All Campuses 806.894.9611 Ext 3800
Terms and Conditions
Accepting or Declining Awards
Awards are automatically accepted. No action is needed to accept awards. Action is required to decline awards. The student is responsible for declining awards if the student decides to not attend or does not want the award. If the student does not attend classes and fails to withdraw from classes prior to the first day of SPC's semester, the student will owe at least 30% of tuition and fees without exception.
Fall semester and spring semester awards are originally awarded based on full time enrollment. After census date, awards are adjusted according to the hours enrolled. Summer semester awards are based on preregistration enrollment.
Prior to census date, awards are estimated as shown on the tuition and fee statement.
Loan Awards for Students with 30 Day Hold
If you are a first-time college student, your loan will be held 30 days. The loan cannot be applied to your business office account until after 30 days from the first class day of the semester. Contact the financial aid office if your financial aid file is complete and you need help with tuition, fees and/or books.
Beginning approximately a week prior to the first class day through the first few days of each semester, students can charge books against the estimated awards up to the balance remaining after tuition and fee charges are fully covered. The specific dates are available upon inquiry to the business office, financial aid office and bookstore each semester.
If awarded prior to census date, awards disburse on census date and show as a credit on the tuition and fee statement. This is not the date students receive a refund on their Texan card or checking account. See below for award refund information.
Award Adjustments and Class Attendance/Participation
Award adjustments are made in accordance with credit hours of class attendance/participation. If students are reported as not attending and/or participating in class, refunds will be held until class attendance/participation is verified for all the student's classes.
If awarded prior to census date, payment of the credit balance (after tuition, fees, books and other charges are fully paid) occurs approximately 14 days after the disbursement to the business office statement. If awarded after census, students can view the refund payment dates on the SPC website or contact the SPC business for dates.
Even if shown on the award letter, students on suspension for not meeting the financial aid satisfactory academic progress policy are not eligible for grants, loans, work study, or any awards that require successful financial aid satisfactory academic progress.