Check the disbursement calendar (or your student portal) to find the scheduled disbursement date.  This is the date that the financial aid office will determine your eligibility for disbursement. It takes the college 5-7 business days to request money from the government, credit your account, and determine the correct amount of your refund (if any). Once that process is done, the funds are sent to BankMobile for processing. 

Students with the BankMobile Vibe Checking Account will have funds available the same day BankMobile receives funding from our institution. Students who choose the direct deposit option will have the funds transferred to their bank the same day, too, but most banks will take another 1-2 business days to process your funds and make them available to you.

Financial Aid refunds will time-out if a refund preference has not been selected within 21 calendar days after the refund has been released by the college. Before a refund times-out BankMobile will send you an email with a reminder to select a refund preference.

After 21 days, BankMobile will mail a check to your primary address on file.  If you do not deposit or cash the check within 90 days, it will become void and your Financial Aid refund will be returned to the college. You may still have the opportunity to select a refund preference after your refund is returned to the college, however, you will have to notify the Financial Aid Office when you have made a refund selection, so that your refund may be reissued.