Financial Aid Dates - Southwestern Illinois College

Financial Aid Dates

There are dates for each semester in which students can use their financial aid to pay for tuition and books. When all outstanding SWIC balances have been paid, excess funds are disbursed to the student by direct deposit or paper check.

Books & Census

Students may use their funds to purchase required books and supplies at the campus bookstore beginning one week prior to the start of the term and two weeks after classes start. The summer semester allows for two weeks – one week prior and one week after classes start.

Financial aid awards will be adjusted as students make changes to their schedule or program until the census date. After the census date has passed, classes added to the schedule will not be awarded Pell grant. The census date occurs at the end of the second week of classes for the fall and spring semesters. The summer semester census date occurs at the end of the first week. Note that 10% drop fees may be accrued during the census period. Be aware of the 90% drop dates for each class.

SWIC student at Main Campus bookstore

2026-2027 Book & Census Dates

Term Book Period Census Date
Fall 2026 August 10 – 28 August 28
Spring 2027 January 11 – 29 January 29
Summer 2027 May 31 – June 11 June 11

Disbursements

Disbursements are made in the 6th week of class during the fall and spring semesters and the 3rd week for summer. Disbursement is when pending financial aid pays charges due. After the first disbursement date of the term, disbursements happen every Tuesday as aid is awarded or adjusted. Refunds are issued to student through direct deposit or paper check within 14 days of disbursement.

2026-2027 Disbursement Dates

Term Grants Loans
Fall 2026 September 22 September 22 and October 27 (Fall Only)
Spring 2027 February 23 February 23 and April 6 (Spring Only)
Summer 2027 June 29 June 29, July 6 (1st Time Borrower) and July 13 (Summer Only)

Financial Aid Refund Mobile Deposit

Actual refund dates are available in the Offer Letter Guide.

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