Financial Aid Disbursement Dates

Disbursement dates for the 2020-2021 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.

2020-2021 Disbursement Dates**
Fall Semester 2020*: September 4, 2020
First Time Borrowers September 25, 2020
Fall Only Loans – Second Half of Loan October 23, 2020
Spring Semester 2021*: January 22, 2021
First Time Borrowers February 12, 2021
Spring Only Loans – Second Half of Loan March 19, 2021
Summer Session 2021*: June 11, 2021 (estimated)
First Time Borrowers July 2, 2021
Second half of ALL loans July 9, 2021

*Dates subject to change.
**Disbursement to your RCTC account will occur on the dates listed above. Any excess funds will then be transmitted to and released through BankMobile disbursement services. Select your refund preference.

Work Study / Student Employment Pay Dates:

Work study students (student employees) use the electronic timeclock at the beginning and end of each shift to record hours worked. Every two weeks, the electronic timesheet is submitted to the student’s supervisor for payment authorization. Timesheets must be submitted by 4:30 pm on the day following the end of the pay period (every other Wednesday). A full list of pay periods, timesheet due dates and pay dates for the full school year is available below.

You must designate how you want to receive your paycheck (by mail or electronic deposit). Visit www.refundselection.com to make your selection.

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.