Financial Aid Refunds

*2017-2018 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: 
  • ELECTRONIC DEPOSIT TO ANOTHER ACCOUNT
    Money is transferred to another account the same business day BankMobile receives funds from Wake Tech.  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 (upon identity verification), money is deposited the same business day BankMobile receives funds from Wake Tech.   

If you do not select your refund preference your funds may be delayed up to two weeks. 

  • Please understand that if you submit your paperwork after the semester priority deadline, your file may not be processed by the first refund distribution date of the semester.

FALL 2017 

If funds are awarded and Master Promissory Note, Entrance Counseling, and Terms and Conditions successfully completed by: Disbursement will be released
08/28/2017 9/21/2017
09/22/2017 10/12/2017
10/10/2017 10/26/2017
10/26/2017 11/08/2017**
12/01/2017 12/14/2017

***Denotes when students receive disbursement for mini-mester. Payment for mini-mester courses does not occur until class attendance is verified. 


SPRING 2018 

If funds are awarded and Master Promissory Note, Entrance Counseling, and Terms and Conditions successfully completed by: Disbursement will be released
01/30/2018 02/21/2018
02/21/2018 03/08/2018
03/08/2018 03/22/2018
03/24/2018 04/12/2018**
04/28/2018 05/10/2018

***Denotes when students receive disbursement for mini-mester.
Payment for mini-mester courses does not occur until class attendance is verified.  


SUMMER 2018 

If funds are awarded and Master Promissory Note, Entrance Counseling, and Terms and Conditions successfully completed by: Disbursement will be released:
06/01/2018 06/20/2018
06/30/2018 07/12/2018**

***Denotes when students receive disbursement for mini-mester.
Payment for mini-mester courses does not occur until class attendance is verified.  


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 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 refunds on the dates listed above. However, we reserve the right to change dates if it becomes necessary due to workflows in Financial Services or the 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. 

To view our required disclosures and contract with BankMobile, a Division of Customer Bank, click here.
View BankMobile Contract