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Financial Aid Refunds

The Bursar’s Office processes all student financial aid refunds in accordance with state and federal regulations. Financial aid refunds are deposited on your BankMobile VIBE Card/Account each Friday. Learn more about your BankMobile VIBE Card/Account. 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 Gateway BankMobile VIBE Card/Account. 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, accommodations will be made for the parent to receive their own Gateway BankMobile VIBE Card/Account. The excess Parent PLUS Loan can then be disbursed directly to the parent through that card. If a parent 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 Gateway BankMobile VIBE Card/Account by midnight (the end of the day) on the posted scheduled date.

Financial Aid Refund Schedule

 

2017
Summer

2017
Fall

2018
Spring

FA Grant Refunds

June 9, 2017

October 6, 2017

February 9, 2018

First 1/2 of FA Loan Refunds

June 16, 2017

October 13, 2017

February 16, 2018

Second 1/2 of FA Loan Refunds

July 7, 2017

November 3, 2017

March 9, 2018