Disbursement & Refund Dates
You could have multiple disbursement & refund dates depending on when your classes begin, the type of financial aid you are receiving, your enrollment status, and when you are awarded.
Award Notification Letters will be sent to you once your folder has processed through the final review. Award Notification Letters must be sent before any remaining amount can be calculated.
The Stafford Loan MPN (master promissory note) must be completed at least 10 days before a fund release date. Any delay in your MPN will mean a delay in receiving any remaining amounts.
- What is a disbursement? When financial aid funds liquidate or convert into a payment towards student accounts. This is not the date refunds will be available on the BankMobile Debit Card.
- What is a refund? After financial aid has disbursed and a student's account balance has been paid in full, if remaining funds are available, students will receive a refund. Refunds are made available each Monday on a weekly basis, but subject to change due to bank holidays, etc. Watch your Apache Access traffic lights to see when your refund will process.
- When will I receive my BankMobile Debit Card? BankMobile Debit Cards usually arrive by mail after classes have started but before initial refunds.
- When are the general disbursement/refund dates?
- All grants; loans for non-first-time borrowers: mid-September
- Loans for first-time borrowers: late September
- All grants; loans for non-first-time borrowers: early February
- Loans for first-time borrowers: mid to late February
Fall 2016 Disbursement Dates:
- Fall classes that begin August 22, 2016 will begin disbursing Sept. 7, 2016
- Fall classes that begin September 19, 2016 will begin disbursing Sept. 19, 2016
- Fall classes that begin October 17, 2016 will begin disbursing Oct. 17, 2016
Initial Refund Date:
Refunds for Fall, 2016 begin on Monday, September 12, 2016 - Does not include Scholarships or State grants. Pell grant & Loans ONLY will be refunded on this day.
Refunds are usually made available each Monday on a weekly basis, but subject to change. Watch your Apache Access traffic lights to see your refund process.
REMEMBER: All financial aid requirements must be completed before any awards will disburse. Students receiving loans MUST complete entrance loan counseling and MPN before loans disburse.