A-B Tech InfoBase

We're here to help you find quick answers to common questions. Use the search box to look up key words or browse through the categories below.
Can't find what you're looking for? Click here to email us your question or call us at (828) 398-7900.


Financial Aid Refund Disbursements

 

Financial Aid Refund Disbursements

Summary

How and when financial aid refunds are disbursed

How Refunds Are Sent

A-B Tech has partnered with BankMobile to disburse financial aid refunds. After you've registered for classes, you'll be sent a Refund Selection Kit in the mail that will be in a green envelope. If you haven't received your code yet, go to refundselection.com, and then click on "NEED A CODE?" under the blue "start" button.
 
Follow the instructions inside the Refund Selection Kit to select your refund preference. Students have two options:
  1. Electronic Deposit to your personal checking or savings account. Refunds deposited with this option will take two–three additional business days to appear in your account.
  2. Electronic Deposit to a BankMobile Vibe account. This will occur the same day the refunds are disbursed. (Note: Fees are associated with those accounts.)
You can select your refund preference at refundselection.com. If you don't choose a refund option, the refund will be mailed in the form of a check on no sooner than the 21st day after the disbursement.
 
For additional information, see BankMobile FAQs.

When Refunds Are Sent

Refunds are sent at varying times throughout the semester, depending on when your classes begin. Federal regulation prohibits the release of any money for a class that has not yet started. The Financial Aid Office will verify your attendance through the first 10 percent of the class before funds are released.

Financial Aid Disbursement Dates

The anticipated dates for Financial Aid disbursements are listed at the link below.
 

Loan Disbursements

Loans will be disbursed in two payments for each semester, after you begin attending at least six credit hours that semester.

Refund Amount

If your financial aid refund is not what you expected:
  • It could be because of four-week or eight-week classes that have not started yet. You only have financial aid funds disbursed for the classes you're currently attending.
  • Your award letter amount is based on full-time enrollment. If you're enrolled less than full-time, your financial aid will be prorated.
 
Key Words: financial aid, refund, refunds, refund dates, disbursement, disbursements, BankMobile, Bank Mobile, Higher One, HigherOne, debit card, access card, minimesters
 
Attached Files
There are no attachments for this article.
Related Articles RSS Feed
Contact the Financial Aid Office
Added on Fri, Feb 7, 2014
Developmental Courses and Financial Aid
Added on Wed, Oct 31, 2012
Withdrawing From Courses and Financial Aid
Added on Mon, Oct 29, 2012
Financial Aid for Students With Bachelor’s Degrees
Added on Tue, Oct 28, 2014
Work-Study
Added on Mon, Oct 29, 2012
Pell Lifetime Eligibility Usage (PLEU)
Added on Tue, Oct 1, 2013
BankMobile Refund Selection Kit for New Students
Added on Mon, Jun 24, 2013
Pell Grants
Added on Mon, Oct 29, 2012
Grants Available for Financial Aid
Added on Tue, Oct 30, 2012
Master Promissory Note (MPN) Instructions
Added on Fri, Nov 8, 2013