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Financial Aid disbursements for the term begin after the drop/add
period has ended. After the initial disbursement date, RCTC continues the process, on a weekly basis, making disbursements to students who recently completed their files and were recently awarded Financial Aid.
Financial Aid funds are first applied toward your outstanding balance. If Financial Aid funds remain after tuition, fees and all outstanding charges are paid, the remaining
balance (often referred to as a 'change check') is released to the student either in the form of a Direct Deposit to their personal bank account, or in the form of a paper check.
RCTC strongly encourages the use of Direct Deposit, as it is the fastest, safest and most efficient way to receive your financial aid change check. Students setup their own Direct Deposit/bank account information on the web portal. Direct deposit funds are usually available to students on FRIDAY of disbursement week. Students who opt to wait for a physical change check must wait until the following Monday to pick up their change check. The delay for paper change checks could be extended if the College is closed on a Monday due to Holiday or other reasons.
During completion
of your Financial Aid file, you have the opportunity to give the College
permission to apply your Financial Aid funds toward any unpaid balance you
may have. These items may include, but are not limited to, tuition,
fees, textbook charges, library fines, parking tickets, returned check charges,
etc.
Students who receive their award notification after the initial disbursement
date for the term can expect their funds to be prepared for disbursement
within one to two weeks.
More information on Direct Deposit
Disbursement and Payroll Dates
Updated: October 20, 2011
