Rouse Company Foundation Student Services Building
Contents

Disbursement Procedures

Disbursement of Financial Aid

Financial Aid Services begins disbursing aid the day after the Financial Aid Census date each semester. Eligible financial aid—including Federal Direct Student Loans and Parent PLUS Loans—is typically applied to a student’s account within two weeks of the census date. To be included in the disbursement process, students must have submitted all required documentation.

Financial aid funds are first applied to tuition, fees, and bookstore charges. Any remaining balance will be refunded to the student. Refunds are issued via the student’s selected refund method:

  • Direct deposit to a personal bank account

  • Deposit to a BankMobile Vibe checking account

For more information on selecting a refund preference, visit www.refundselection.com.

PLUS Loan Refunds: If a Federal Direct PLUS Loan creates a credit balance, the refund will be issued to the parent or student—based on the parent’s selection during the loan application process.

Loan Disbursement Notification:
Loan funds are received via Electronic Funds Transfer (EFT) and do not require endorsements. Students and parents will be notified of the disbursement and have 14 days to cancel the loan from the date on the notification.

Student Employment Earnings:
Student employment wages are not applied to student accounts. Participating students are paid semi-monthly based on hours worked.

 

 

Credit Balances & Refunds

After financial aid is applied, any credit balance will be available for the purchase of course materials through the HCC Campus Store. Remaining funds after bookstore charges are refunded to the student within 14 days of the credit balance posting.

HCC partners with BankMobile Disbursements, powered by BMTX, Inc., to provide electronic refund services. For more information, or to select a refund preference, visit www.refundselection.com or email HCCRefund@howardcc.edu.

Please Note:

  • Credit card payments made via myHCC or in person are refunded to the original credit card.

  • Changes in enrollment before the census date may increase or decrease a student’s financial aid.

  • Students whose aid does not cover all charges must pay the difference or consider enrolling in a tuition payment plan or requesting a Federal Direct Loan.

For more information, visit the HCC Refunds webpage.

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