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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 utilizes the "Yellowjacket card" as a way for student to declare their disbursement preference. See more information on the Yellowjacket card, how to activate it or to obtain a replacement card for lost/stolen cards.

Tentative disbursement dates for the 2015-16 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.

2015-2016 Academic Year

Disbursement Date

Fall Semester 2015

September 4, 2015

First Time Borrowers
September 25, 2015
Fall Only loans, second half of loan
October 23, 2015
Spring Semester 2016

January 22, 2016

First Time Borrowers
February 12, 2016
Spring Only loans, second half of loan
March 18, 2016
Summer Session 2016 (Tentative)
June 10, 2016
First Time Borrowers
July 1, 2016
Second half of ALL Loans
July 8, 2016

RCTC has contracted with a company called "HigherOne" to assist with the release of excess balance/change checks. . After a student's first registration at RCTC, the student will receive a "Yellowjacket Card" by mail from "HigherOne". Students are required to sign into the website, www.YellowjacketCard.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). Students should look for their Yellowjacket card to arrive by mail in a GREEN ENVELOPE. Learn More. To avoid delays in receiving your funding, please declare your disbursement preference as soon as possible after receiving your card.

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.


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