What is BankMobile Disbursements? Your school delivers financial aid refunds and other credit balances to students with the BankMobile Disbursements platform. Some of the reasons you might receive money include: dropping or canceling a class, or the receipt of Financial Aid or a grant.
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How long after disbursement date will I get my refund?
Refunds for all types of financial aid will begin 30 days after the start of the semester. You will receive loan funds in two disbursements each semester. First disbursement will occur approximately 30 days after the beginning of the semester.
What can I do with my financial aid refund?
This amount that you receive as a financial aid refund may be paid as a check, credited to your account or deposited into your bank account directly. You can accept the money and use it for whatever you want. This is still considered as money loaned to you and it will attract interest.
How long until I get my financial aid refund?
Usually the disbursement period for refunds is about three to four weeks into the semester, yet certain schools may have a particular timeframe that they follow. When a FAFSA refund check is disbursed, a student likely will have the option in which the payment is made.
What is the setup of a Liberty University online semester?
The chart below reflects the setup of a Liberty University Online semester (term) which consists of multiple sub-terms a student can enroll. Therefore, disbursement dates will differ among students’ aid eligibility and how they choose to enroll in their courses each term.
Does Liberty University accept Pell Grants?
In April of 2021 Liberty University was pleased to be able to dedicate a portion of the funds received from the HEERF to assist eligible students with the costs of education for our residential, Pell Grant eligible undergraduate students.
How long does it take to receive a refund for E-ligible credits?
Eligible credits are scheduled to be refunded 4 business days after disbursements. However, schools are permitted by the U.S. Department of Education up to 14 days to process refunds.
When will I receive a refund for my financial aid?
If eligible, you will receive a refund if you have an excess of funds in your account from financial aid credit (federal, state, and institutional aid) after all direct educational expenses have been paid (tuition, fees, etc.). Account refunds are generated at specific times throughout the semester.
