Disbursements and Refunds defined
Please note: “Disbursement” does not mean “REFUND”. “Disbursement” means the financial aid awards have been applied to your student account.
“Refund” means the credit balance owed to you will be sent to BPCC’s debit card company.
Disbursements for Session A
Disbursement/Refunds of federal financial aid for session A will begin on the dates posted in the Refund/Disbursement text box on the main Financial Aid page. If your financial aid awards are not posted on LOLA, you will not have aid disbursed on the dates posted.
Disbursements for all other sessions:
Disbursement of federal financial aid for all other sessions will begin ten (10) days after the session begin date. The federal funds will apply to your student account on or around* 10 days after the session begin date. The Business Office will send the refund file to Bank Mobile on the next appointed refund day after the funds are applied to your student account.
If your class begins on October 10, the funds will disburse (or apply) to your student account on or around October 20 (if the 20th falls on a weekend, the funds will apply to your account on the following Monday). The Business office usually disburses refunds on Wednesdays and Fridays. If your funds apply to your student account on a Monday, the refunds will be sent to BankMobile on the following Wednesday. If the funds apply to your account on Wednesday, the refund will go to BankMobile on the following Friday.
Students must meet all eligibility requirements for financial aid before any refund will be processed. The Business Office will deduct all amounts owed to the College prior to issuing a credit balance refund.
Disbursements will be made based on actual enrollment on the disbursement date. Your Pell grant is initially awarded based on full-time (12 or more hours) enrollment. If you are not enrolled (and are attending) full-time on the disbursement date, your Pell grant will be adjusted for the correct enrollment status.
*Exceptions: In the event a school break (scheduled or unscheduled) occurs during the first ten (10) days of the session, disbursements will NOT occur ten (10) days after the first day of the session. Disbursement dates are based upon an agreed period of time called the “no-show period” whereby instructors may report student attendance to the Admissions office. The “no-show period” must be extended during sessions that contain a school break (such as spring break). Disbursement dates for these sessions will sometimes occur 15-20 days after the beginning date of the session.
Financial Aid Refunds
Bossier Parish Community College has partnered with BankMobile, a division of Customers Bank, to deliver financial aid and other school refunds to Bossier Parish Community College students. Students will be asked to make a refund delivery preference selection with BankMobile so that financial aid money and refunds can be delivered without delay.
All students will be asked to make a refund delivery preference selection from these options: Deposit to your personal bank account or deposit to a BankMobile account.
Students will receive a bright green envelope from BankMobile. In this envelope you will find a personal code. You will need this code to select your refunding preference. Log in to www.refundselection.com, click on the “Let’s Get Started” button and follow the prompts to set up your refunding preference. You may have the funds directly deposited into your personal checking or savings account or you may also elect to set up an account through BankMobile and have the refunds deposited into that account that you may access via a BankMobile debit card.
In the event that you do not receive the green envelope through regular mail or it is lost, please contact the Business Office to request assistance.
CAUTION: Financial aid will only pay what is charged to a student account at the time financial aid is disbursed. If charges are incurred by the student after all financial aid has applied, the student will be responsible for the balance owed.