Financial Aid Refunds
Your financial aid will be applied to your balance to pay for your tuition, fees and any bookstore charges. When these charges are paid, the Business Office will refund any remaining aid to you. This excess aid is for you to use for your books, housing, food, transportation and other miscellaneous educational costs.
Eligibility for a refund depends on several factors and will be determined by the Financial Aid Office. Changes in any of these factors, such as dropping courses or withdrawing from the college, could result in delays in receiving a refund or the reduction of the student's aid package, thereby removing a potential credit balance.
Change in Enrollment Status
A student who has received a refund based on financial aid and later changes enrollment status may be required to repay all or part of the aid received to the college or to the appropriate federal or state aid programs. Students receiving federal aid, other than Federal Work-study funds, who withdraw, change enrollment status (increase or decrease credit hours taken), or are reported for non-attendance, may have federal aid adjusted in accordance with formulas prescribed by the Federal Title IV Program.
If you withdraw from all courses in any semester, we are required to calculate an amount of financial aid to return to federal programs. This may leave you with a balance owed to the college.
Important Note: Credit balance refunds are processed after the 30% point of the semester. Any new awards are normally processed weekly except for the last weekend of the month.
Our school delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Visit this link for more information: https://bankmobiledisbursements.com/refundchoices/.