Financial Aid Disbursement and Refund Process
Refunds for all types of financial aid will begin 30 days after the start of the semester.
- You will receive loan funds in two disbursements each semester.
- First disbursement will occur approximately 30 days after the beginning of the semester.
- If tuition, fees and bookstore charges are greater than the first disbursement, the student will not receive a refund until the second disbursement of financial aid is received.
- Second disbursement will be made after the mid-point of the semester.
- Because all financial aid funds will not be released until several weeks into the semester, you will need to plan ahead for non-educational expenses such as rent, transportation and child care.
- You must be attending classes and continue to meet all eligibility requirements to receive a disbursement.
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You must select your refund preference using you Higher One Refund Access Card.
- Refunds can be deposited to your bank account or you can set up a Higher One checking account.
- Refunds cannot be released to students until financial aid funds are received by the college.
- Some or all of the first payment may be needed to pay remaining charges.