BankMobile

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SPC Refunds

Bank MobileRefunds to your selected refund preference occur when the amount of the disbursements received on your behalf is greater than the amount owed for tuition, fees, and the Book Line of Credit. The excess funds will be refunded to your refund option choice you made on BankMobile.

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.

Financial aid refunds begin at the end of the fourth week of classes of the earliest session you are enrolled in.

Dates for refunds

Refunds are sent to your selected refund preference by the Business Office.

Students will begin receiving their financial assistance refunds if their financial assistance files are complete and awards are posted.

Per Federal regulations, first-time, first-year Stafford borrowers cannot receive their first loan disbursement until 30 calendar days after the first day of classes.

For more information on BankMobile disbursements go to: bankmobiledisbursements.com/refundchoices 

Summer 2018 Non-financial aid refunds

Date Refunds through BankMobile Disbursements
May 25 Regular, Weekend and First 8-Week Mod classes
June 8 Second 8-Week Mod classes
June 22 Express classes

Summer 2018 first financial aid refunds dates*

Date Refunds through BankMobile Disbursements
June 8 Regular and First 8-Week Mod classes
June 15 First time, first-year borrowers for Regular and First 8-Week Mod classes
June 8 Weekend classes
June 22 First time, first-year borrowers for Weekend classes

June 22

Second 8-Week Mod classes

June 29

First-time, first-year borrowers for Second 8-Week Mod classes
July 6 Express classes
July 13 First-time, first-year borrowers for Express classes

Summer 2018 second financial aid refunds dates for single-term loans*

Date Refunds through BankMobile Disbursements
June 22 First 8-Week Mod classes
June 29 First time, first-year borrowers for First 8-Week Mod classes
June 22 Regular classes
June 29 First-time, first-year borrowers for Regular classes
June 22 Weekend classes
July 6 First-time, first-year borrowers for Weekend classes

July 6

Second 8-Week Mod classes

July 13

First-time, first-year borrowers for Second 8-Week Mod classes
July 20 Express classes
July 20 First-time, first-year borrowers for Express classes

* These are projected dates. 

Receiving your Refund