Financial Aid Calendar and Deadlines

Fall Semester 2021

Date Events and Deadlines
August 16 - September 1 Eligible students may charge books at the ICC bookstore
August 23 Fall semester begins
August 27 Financial aid will pay based on the total number of registered credits as of this day
September 7 First disbursement of fall financial aid is applied to student accounts
September 8 Excess financial aid from first fall disbursement is available via direct deposit
September 22 FAFSA filing deadline for fall MN State Grant eligibility
September 23 First Direct Loan disbursement date for first-time borrowers, attending their first year
September 24 Excess loan funds from first-time, first-year Direct Loan borrowers available via direct deposit
September 29 Late fee of $50 is applied to account balances equal to, or greater than $100
September 29 Registration hold is applied to all accounts with an outstanding balance equal to, or greater than $200
September 29 Official transcript hold is applied to all accounts with an outstanding balance equal to, or greater than $30
October 1 2022-2023 online FAFSA application is available at studentaid.gov
October 18 Fall semester mid-point.
October 19 Second disbursement of fall-only Direct Loans applied to student accounts
October 20 Excess Direct Loan funds from second fall-only disbursement available via direct deposit
November 1 All federal aid has been earned for students maintaining class attendance as verified by instructors (60% point in fall semester)
December 13 Last day to accept Direct Loans for fall semester
December 17 Fall semester ends

Spring Semester 2022

Date Events and Deadlines
January 3-19 Eligible students may charge books at the ICC Bookstore
January 10 Spring semester begins
January 14 Financial aid will pay based on the total number of registered credits as of this day
January 25 First disbursement of spring financial aid is applied to student accounts
January 26 Excess financial aid from first spring disbursement is available via direct deposit
February 1 ICC Foundation Scholarship application for 2022-2023 is available on ICC website
February 10 First Direct Loan disbursement date for first-time borrowers, attending their first year
February 11 Excess loan funds from first-time, first-year Direct Loan borrowers available via direct deposit
February 15 Late fee of $50 is applied to account balances equal to, or greater than $100
February 15 Registration hold is applied to all accounts with an outstanding balance equal to, or greater than $200
February 15 Official transcript hold is applied to all accounts with an outstanding balance equal to, or greater than $30
March 1 ICC Foundation Scholarship application for 2022-2023 closes
March 14 Spring semester mid-point.
March 15 Second disbursement of spring-only Direct Loans applied to student accounts
March 16 Excess Direct Loan funds from second spring-only disbursement available via direct deposit
March 28 All federal aid has been earned for students maintaining class attendance as verified by instructors (60% point in spring semester)
May 9 Last day to accept Direct Loans for spring semester
May 12 Spring semester ends