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Ithaca College strongly recommends that students set up direct deposit to receive awarded funds. Navigate to your direct deposit information using the following steps:

  1. Log into Homer Connect and choose “Financial Aid and Billing” from the menu on the left side of the main page.
  2. Next, select “Pay Online, View Account & Create/Review Direct Deposit” and choose “Manage Refunds” to complete, update, or review the necessary checking or savings account information required for direct deposit.

Direct deposit refunds generally arrive within 4-5 business days.

If a direct deposit record does not exist, funds will be mailed to your permanent mailing address via check, which will take approximately 2-3 weeks.

Tiered Distribution

The tiered distribution approach was established in alignment with U.S. Department of Education guidance encouraging institutions to allocate funds to the students with the greatest financial need. The College’s approach awards the highest amount to students who receive Pell grants based on need, and then scales amounts awarded to other students based on expected financial contribution (EFC) as calculated under federal guidelines.

Ithaca College signed and returned to the Department the Certification and Agreement and the assurance that the institution has used, or intends to use, no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.

Expected Family Contribution (EFC) Grant Amount
Pell Recipients $1,000
$0-10,000

$750

$10,001-20,000 $500
$20,001-30,000 $250