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Disbursement of Aid

briefcaseThe Disbursement Process

Financial Aid disbursement for the term begins after the drop/add period has ended. This process is repeated each week, making disbursements to students who recently received their award notice. 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.

Your Financial Aid funds will first be 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 an 'overage check' or a 'change check') will be released to you.

RCTC has contracted with "BankMobile Disbursements" for distribution of Financial Aid change checks and student employment paychecks. After registering for the first time at RCTC, you will be sent a 'refund selection kit' by mail (GREEN ENVELOPE). You must use the information in this kit to designate how you want your overage funds released to you - - by paper check or by electronic deposit to a bank account.

For more information on how to select your refund preference or to request a replacement kit, please see the refund selection information on our website.

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.

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. All student employees must choose how they want to receive their paycheck - by mail or by electronic deposit. To declare your preference, visit yellowjacketcard.vibeaccount.com.

 

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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