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Financial Aid Refunds

The Student Accounts Department processes all student financial aid refunds in accordance with state and federal regulations. Financial aid refunds are deposited to your selected refund preference through BankMobile each Friday. Learn more about BankMobile. Processing of financial aid grants and loans will begin according to the following schedule and will continue every Friday until all funds are disbursed.

Please note, any eligible Direct Parent PLUS Loan excess amounts will be refunded to a parent through the student’s selected refund preference. Students and parents will be required to sign a Parent Plus Excess Loan Refund Authorization Form. This form is available upon request to a Student Finance Specialist located in Student Services.

If a borrowing parent of a PLUS Loan refuses to sign the Parent Plus Excess Loan Refund Authorization Form, and instead wishes to receive a paper check in the mail, the request will need to be made in writing and submitted to the Gateway Technical College Financial Aid Office.

All excess student financial aid refunds will disburse to student’s selected refund preference through BankMobile by midnight (the end of the day) on the posted scheduled date.

Financial Aid Refund Schedule

  2019
Summer
2019
Fall
2020
Spring
FA Grant Refunds

06/07/2019

10/04/2019

02/07/2020

First 1/2 of FA Loan Refunds

06/14/2019

10/11/2019

02/14/2020

Second 1/2 of FA Loan Refunds

07/05/2019

11/01/2019

03/06/2020