Financial Aid Refunds
2016-2017 REFUND SCHEDULE
Funds will be released to BankMobile** for disbursement according to the schedule below. The ACTUAL date that you will receive your refund is based on your designated refund preference:
- Deposit to another account. Money in 2 to 3 business days.
- Paper check. Money in 5 to 7 business days
- Deposit to a BankMobile checking account. Money in 1 to 2 business days.
***If you do not activate your refund preference your funds may be delayed up to two weeks.
Please understand that if you submitted your paperwork after the semester priority deadline your file may not be processed by the first refund distribution date of the semester.
- I have an Award Letter, now what???
- To view our institution's contract with BankMobile, a Division of Customer Bank, click here.
|If funds are awarded and Master Promissory Note, Entrance Loan Counseling and , Terms and Conditions successfully completed by:||Funds will be released:|
***Denotes when students receive disbursement for mini-mester classes. Payment for mini-mester courses does not occur until we verify class attendance.
|If funds are awarded and Master Promissory Note, Entrance Loan Counseling , and Terms and Conditions successfully completed by:||
Funds will be released:
|If funds are awarded and Master Promissory Note, Entrance Loan Counseling , Terms and Conditions successfully completed by:||
Funds will be released:
***Denotes when students receive disbursement for mini-mester. Payment for mini-mester courses does not occur until we verify class attendance.
Your school has partnered with BankMobile to deliver your financial aid refund. We are committed to delivering 100% of your refund at no cost, providing students with clear choices and offering great customer service.
Click Here to learn more about BankMobile Disbursements.
Follow these three simple steps:
- Visit RefundSelection.com
- Enter your Personal Code
- Select how you’d like to receive your money
When it comes to deciding how to get your money, you deserve choices. Your choices include:
Electronic Deposit To Another Account
- Money is transferred to another account the same business day BankMobile receives funds from your school. Typically, it takes 1 - 2 business days for the receiving bank to credit the money to your account.
Electronic Deposit To A BankMobile Vibe Account
- If you open a BankMobile Vibe account (upon identity verification), money is deposited the same business day BankMobile receives funds from your school.
Paper Check Delivered By USPS
A check is mailed the same business day BankMobile receives funds from your school, provided receipt is within daily cutoff times. Typically, it takes 5 – 7 business days for the check to arrive, depending on USPS First-Class® delivery timeframes.
If you are taking courses in a combination of sessions that include the second eight week term your financial aid will in most instances be paid in two disbursements.
What do I need to do? Attend class and maintain your completion rate and GPA so that you do not lose your financial aid.
Reminders: In order to receive a refund check we must receive your funds from the funding source by the date specified. If you are awarded a Direct Loan you must complete your master promissory note, entrance loan counseling, and Terms and Conditions before funds are released. Additionally, you must be enrolled for at least six credit hours when your funds are disbursed.
The Financial Aid Office does reserve the right to request an attendance verification form when there is conflicting information regarding a student’s attendance.
**We will do our best to issue the checks on the dates listed above. However, we reserve the right to change dates if it becomes necessary due to workflows in the Accounting Office or Financial Aid Office. If it is necessary to adjust the dates it should not vary by more than a 1 or 2 days.
**Wake Tech is partnering with BankMobile® to deliver financial aid refunds. Partnership with BankMobile ensures faster delivery of your refund.
If you have applied for financial aid, look for the bright green envelope from BankMobile! Once it arrives, simply follow the instructions to make your refund selection. Envelopes for new fall students should begin arriving mid-August. Envelopes for new spring students should begin arriving mid-January.