Financial Aid Refund Process
Financial aid funds will be automatically applied to tuition each quarter. If there is a remaining balance, Students are responsible for paying that remaining balance by the payment due date each quarter. Visit paying your tuition for more details. If there is financial aid in excess of the tuition costs, the remaining financial aid funds will come back as a refund disbursement no earlier than the first day of the quarter.
Requirements for receiving funds
When you receive funds, you are certifying that:
You are attending, or will attend, all your classes.
If you drop courses to a lower enrollment level or do not commence attendance in all classes after the disbursement is sent to BankMobile, and before the census date (10th day of term fall, winter, spring, and 8th day summer term) you the student will be responsible to repay the amount owed based on that change in enrollment level. The money owed back is a Pell Grant overpayment. Students that do not pay back the overpayment are not eligible for future financial aid.
If at the end of the quarter, you have not completed the required credits based on the level of financial aid you received you may owe a repayment. In addition, you may be placed on financial aid warning or suspension.
Getting Your Refund
Community Colleges of Spokane has partnered with BankMobile to deliver your financial aid refund. For more information about BankMobile, visit their How it Works page.
Step 1: BankMobile will send you a personal code in a bright green envelope that you’ll need at RefundSelection.com to select how you’d like to receive funds. You will also receive a personal code via email.
Step 2: Select your refund preference. Your choices include:
- Deposit to an existing account – Money is transferred to an existing account the same business day BankMobile receives funds from your school. Typically, it takes 1 – 2 business days for the receiving bank to credit the money to your account.
- Deposit to a BankMobile Vibe Checking Account – If you open a BankMobile Vibe checking account (upon identity verification), money is deposited the same business day BankMobile receives funds from our school.
- Receive a paper check in the mail from BankMobile (refunds are available 5-7 business days after the funds are released to BankMobile)
Please Note: If a refund preference has not been selected, Community Colleges of Spokane will mail a check to the student's primary address on file within fourteen calendar days.