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Disbursements

Financial aid for the fall and spring semesters is disbursed at the end of the 6th week of the term. Summer disbursements vary based on the start and end date of student's courses. (Please contact the One Stop Center for more information.) Aid will only be credited to a student account when all necessary requirements for the funds are completed and processed. Keep in mind that if you are receiving a single semester loan, you will receive your loan in two (2) payments. These disbursements typically occur during the 6th and the 8th week of the semester (but could vary based on the College's disbursement schedule or when you filed your aid applications).

In order for students to earn their financial aid, they must attend classes on a regular basis. Federal financial aid is not fully earned until a student has completed at least 60% of the term. Therefore, students not attending classes may lose their eligibility.

When will I receive my refund?

After all institutional charges are paid, excess financial aid is refunded to the student. These funds can be used to help cover housing, food, transportation, and personal expenses. Refunds are processed by the Student Account's Office and disbursed by BankMobile Disbursements, a financial services and payment company. All matriculated students will receive a BankMobile Vibe Card to activate, if they wish. If you do not want to receive your refund on the BankMobile Vibe Card, you may choose to receive your refund via ACH transaction into an already existing bank account or request a paper check. Regardless, you should activate your BankMobile Vibe Account and choose a disbursement method so that your refund is not delayed. (Note: If the disbursement of a Federal Parent (PLUS) Loan results in a financial aid refund, a check will be mailed to the parent.)

Since refunds of excess aid will not be disbursed until the 6th week of the term, students need to budget and plan accordingly.

Book Charges

Students with actual financial aid in excess of their college bill may charge their books at the Campus Bookstore. Book charges typically begin 2 weeks prior to the start of the semester and end 2 weeks after the start of the term. Other taxable items (computers, sweatshirts, book bags, etc.), meal plans and required supplies may also be purchased at the Bookstore using excess financial aid. Before any purchase can be made, aid must be finalized and a student must go to WebAdvisor to authorize the use of their financial aid for this purpose. This needs to be done only once. If a student wished to cancel their authorization, they must contact the Financial Aid Office.