Financial Aid Calendar and Deadlines

Fall Semester 2020

Date Events and Deadlines
August 10 - September 2 Eligible students may charge books at the ICC bookstore (by appointment only)
August 24 Fall semester begins
August 28 Financial aid will pay based on the total number of registered credits as of this day
September 8 First disbursement of fall financial aid is applied to student accounts
September 9 Excess financial aid from first fall disbursement is available via direct deposit
September 23 FAFSA filing deadline for fall MN State Grant eligibility
September 24 First Direct Loan disbursement date for first-time borrowers, attending their first year
September 25 Excess loan funds from first-time, first-year Direct Loan borrowers available via direct deposit
October 1 2021-2022 online FAFSA application is available at studentaid.gov
October 19 Fall semester mid-point.
October 20 Second disbursement of fall-only Direct Loans applied to student accounts
October 21 Excess Direct Loan funds from second fall-only disbursement available via direct deposit
November 2 All federal aid has been earned for students maintaining class attendance as verified by instructors (60% point in fall semester)
December 14 Last day to accept Direct Loans for fall semester
December 18 Fall semester ends

Spring Semester 2021

Date Events and Deadlines
January 4-20 Eligible students may charge books at the ICC Bookstore
January 11 Spring semester begins
January 15 Financial aid will pay based on the total number of registered credits as of this day
January 26 First disbursement of spring financial aid is applied to student accounts
January 27 Excess financial aid from first spring disbursement is available via direct deposit
February 1 ICC Foundation Scholarship application for 2021-2022 is available on ICC website
February 11 First Direct Loan disbursement date for first-time borrowers, attending their first year
February 12 Excess loan funds from first-time, first-year Direct Loan borrowers available via direct deposit
March 1 ICC Foundation Scholarship application for 2021-2022 closes
March 15 Spring semester mid-point.
March 16 Second disbursement of spring-only Direct Loans applied to student accounts
March 17 Excess Direct Loan funds from second spring-only disbursement available via direct deposit
March 29 All federal aid has been earned for students maintaining class attendance as verified by instructors (60% point in spring semester)
May 10 Last day to accept Direct Loans for spring semester
May 13 Spring semester ends