Disbursement of Financial Aid

Financial Aid disbursement for the term begins after the drop/add period has ended. Disbursements are calculated based on the student’s enrollment as of the end of drop/add and take into account any grades of F, FW, FN, or Withdraws. Registrations that occur after the end of the standard drop/add period are typically NOT considered for Financial Aid purposes.

The disbursement process runs 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.

For additional details and important information regarding the disbursement of aid, please refer to RCTC’s Financial Aid Award Guide.

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 within 14 days.

RCTC delivers Financial Aid change checks, student employment paychecks, and refunds using “BankMobile Disbursements”, a technology solution powered by BMTX, Inc.  For more information on how to select your refund preference, 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 eServices under Student Employment. All student employees must choose how they want to receive their paycheck.  To select your preference, visit BankMobile Disbursements.