Financial Aid Disbursements
A Financial Aid Disbursement is the excess financial aid students will receive after their aid has been processed and applied to all eligible tuition charges or outstanding balances. Financial aid disbursements are generated twice a week, typically on Monday and Thursday, through a nightly scheduled process.
After disbursements are generated in MDConnect student accounts, a refund file (list of all students expecting refunds) is generated and sent to BTMX, Inc. The processing time for which students receive their funds can vary depending on the size of this file.
The refund preference you selected on BankMobile will determine when your funds are available.
For information about BankMobile Disbursements,
visit: http://bankmobiledisbursements.com/refundchoices/.