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Disbursement of Aid

briefcase Financial Aid disbursement for the term begins 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 the student's outstanding balance.  If Financial Aid funds remain after tuition, fees and all outstanding charges are paid, the remaining balance (often referred to as an 'overage check' or a 'change check') will be released to the student. Students designate how they want their overage check released to them - - either by paper check or by EFT to a bank account. RCTC students must declare their refund preference using the packet of information sent to them by mail. For more information on how to select your refund preference or to request a replacement packet, please see the refund preference information page on our website.

Tentative disbursement dates for the 2016-17 Academic Year are shown below. Students borrowing for the first time and those borrowing one semester at a time should pay special attention to the disclosure statement provided by the Department of Education. The disbursement schedule for your loan(s) may be different than the schedule for your other Aid. Students enrolled entirely in late start courses will experience a delay in funding until their first class meeting.

2016-2017 Academic Year

Disbursement Date

Fall Semester 2016

September 2, 2016

First Time Borrowers
September 23, 2016
Fall Only loans, second half of loan
October 21, 2016
Spring Semester 2017

January 20, 2017

First Time Borrowers
February 10, 2017
Spring Only loans, second half of loan
March 17, 2017
Summer Session 2017 (Tentative)
June 10, 2017
First Time Borrowers
June 30,2017
Second half of ALL Loans
July 7, 2017

RCTC has contracted with a company called "BankMobile" to assist with the release of excess balance/change checks. After a student's first registration at RCTC, the student will receive refund preference packet by mail from "BankMobile". Students are required to sign into the website, yellowjacketcard.vibeaccount.com, to designate HOW they want their funds released to them. Students can choose to have funding sent by direct deposit to their own bank account (funds available in 3-4 business days), by direct deposit to a "OneAccount" (funds available the next business day) or by paper check via mail (funds available in 6-8 business days). Learn more about the refund preference packet which should arrive by mail in a GREEN ENVELOPE. To avoid delays in receiving your funding, please declare your disbursement preference as soon as possible after receiving your packet.

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.

Monitor Your Payroll Information

Student Employees can view pay stub information, print W-2 Wage and Tax Statements, and Form 1098-T Tuition Statement from the eServices Site under Student Employment.


Contact Information
(507) 285-7210 or 1‑800‑247‑1296
Rochester Community and Technical College
851 30th Ave SE :: Rochester, MN 55904-4999
Rochester Community and Technical College, a member of Minnesota State.
RCTC is an affirmative action, equal opportunity educator and employer.
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