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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 "excess balance" or 'change check') will be released to the student.
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, by direct deposit to a "OneAccount" or by paper check via mail. Students should look for their Yellowjacket card to arrive by mail in a GREEN ENVELOPE. Click here for more information. 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 Web Portal Site under Student Employment.
More information on Direct Deposit, the Yellowjacket Card and HigherOne
Disbursement and Payroll Dates
Updated: April 16, 2013
