Refunds & Disbursements

Summer 2018 Refund Disbursement Dates

Financial Aid Disbursements

Dates

Pell Grants & 1st half of Direct Loans

June 8

2nd half of Direct Loans

July 6

2nd half of Direct Loans

July 13*

*Students with a class starting after June 25 may have their refund delayed until July 13 to allow time for class participation confirmations.

Fall 2018 Refund Disbursement Dates

Financial Aid Disbursements

Dates

Pell Grants & Fall/Winter Direct Loans

September 28, 2018

2nd half of Direct Loans for Fall Only Students

October 26, 2018
   

 

 

How Refunds are Provided

Your first step is to choose how you would like to receive your refund using the BankMobile process. Refunds will be deposited to the bank account of your choosing.

Refunds are processed and issued approximately 30 days after the start of the semester. You must be attending classes and meet all eligibility requirements to receive a refund. Any withdrawals from your classes or late starting classes may delay refunds. If you are only attending and receiving a  one term loan at GRCC, it will be split into 2 disbursements and your refund may be delayed until we have disbursed the 2nd half of your loan around the midpoint of the term.

If tuition, fees and bookstore charges are greater than the first disbursement, you will not receive a refund until the second disbursement.


Class Attendance and Financial Aid

You must begin attendance in each of your courses and continue to attend throughout the duration of the semester in order to be fully eligible for you financial aid. Your aid may be reduced or canceled, if it is reported that you did not begin attendance in one or more of your courses.

Consult with the Financial Aid Office before you withdraw from or stop attending any course after semester start. If your instructor reports that you have not attended class for 14 or more consecutive calendar days with no contact, you may be administratively withdrawn from that course. Withdrawals from one or more courses after semester start can impact your eligibility for a refund or delay it. Withdrawals can also affect  your current and future financial aid eligibility.

Refunds occur only after all charges for tuition, fees, books and supplies, and RaiderCard transfers are paid and you have begun and maintained attendance in all of your courses as stated above.