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.
 
Financial Aid Dates & Deadlines

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
 


Article ID: 105
Created On: Mon, Oct 29, 2012 at 9:32 AM
Last Updated On: Mon, Sep 18, 2017 at 12:30 PM

Online URL: https://info.abtech.edu/article.php?id=105