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Refunds & Disbursements

Fall 2021 Refund Disbursement Dates

Financial Aid Disbursements Dates

Pell Grants and first ;half of Direct Loans

October 1, 2021

2nd half of Fall Direct Loans

October 29, 2021

Students with Fall loans will receive their balance in two disbursements.

Students with all late starting classes will receive their refund within a week of their classes starting.

How To Use Financial Aid to Buy Books

Financial aid can be used to purchase textbooks and required course materials for your classes. Please visit the following webpage for more details.

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 two disbursements and your refund may be delayed until we have disbursed the second 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 your 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that you have not attended class for 14 or more consecutive calendar days with no contact, you may be administratively withdrawn from that course.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.

Transfer