Payments to Students
Tuition, fees, and authorized non-institutional charges on your student account are deducted from the term’s financial aid before excess proceeds are disbursed to the student. Disbursements of excess proceeds are processed from RCC’s Office of Budget and Finance on Tuesdays and Thursdays starting the 14th day of the term. Disbursements of excess funds are not issued immediately following a term during which time academic progress is being evaluated.
First-time borrowers of a Federal Stafford Loan may not receive loan funds until at least 30 days into the term.
Rogue Community College is partnering with BankMobile Disbursements , an industry-leading service that processes and disburses financial aid credit balances to students on behalf of college and university administrations and offers an optional checking account for students.Through our partnership with BankMobile, RCC will deliver refunds to financial aid students through the following refund options:
- Electronic Deposit To Another Account: Money is transferred to another account the same business day BankMobile receives funds from your school. Typically 1-2 business days for the receiving bank to credit the money to your account.
- Electronic Deposit To A BankMobile Vibe Account: If you open a BankMobile Vibe account (upon identity verification), money is deposited the same business day BankMobile receives funds from your school.
- Paper Check Delivered by USPS: A check is mailed the same business day BankMobile receives funds from your school, provided receipt is within daily cutoff times. Typically, it takes 5-7 business days for the check to arrive, depending on USPS First-Class delivery timeframes.
Have additional questions?
Visit www.bankmobilevibe.com to learn more about your refund options. Funds from approved grants, scholarships, and Federal Stafford loans are disbursed to students at the end of the second week of each new term.
*Note: The actual date your funds will be available will depend on the date you were awarded and your application was processed by RCC. If your application is not processed by these dates, funds will be issued later as needed. For questions regarding funds disbursement contact Rogue Central Services