Disbursement

Disbursement of funds will occur once the Financial Aid Office has determined eligibility and authorized the Cashier's Office to apply payments to student accounts.  They then calculate the difference between a student's account charges and the amount of financial aid disbursed.  This difference is the amount of a student's refund.

Disbursement occurs the second Wednesday of classes after the add/drop period ends. Then disbursement occurs each Wednesday thereafter. If all requested documents are submitted by the published deadline dates, financial aid funds will be disbursed as scheduled. Please check the eligibility section for financial aid on MyBridge to determine if all paperwork has been received and satisfied. Money owed to BridgeValley will be deducted from financial aid funds.

In order to provide more flexible options for receiving refunds, BridgeValley has partnered with BankMobile Disbursements to deliver financial aid and other school refunds to BridgeValley students beginning on May 25, 2017.

The new refund program will give students the following options for receiving refunds:

  • Electronic Deposit To Another Account
  • Electronic Deposit To ABankMobile Vibe Account

All students will be asked to select a refund delivery preference from the options listed above. Here’s what they need to do:

  1. Update mailing address

BankMobile will mail a Refund Selection Kit to students at the current address on file with BridgeValley CTC. Students can make updates to their address by visiting the Office of the Registrar.

  1. Look for the green envelope

Starting on May 8, 2017, students should look for their Refund Selection Kit, it will arrive in a bright green envelope. It contains their personal code for making a refund preference selection.

  1. Visit RefundSelection.com to make a choice

Once their kit arrives, students should go to RefundSelection.com and enter their personal code to select how they would like to receive their money. If students select the BankMobile Vibe account as their refund choice, they will receive a temporary virtual Debit MasterCard® to use until their physical card arrives in the mail.

For more information, visit BankMobileDisbursements.com/how-it-works

IF YOU MISSED THE DEADLINE DATE:  
If you missed the deadline date to submit all of your paperwork, use the chart below to determine approximate payment dates based on the date you last submitted paperwork.

Financial Aid Submission Deadline  Estimated Disbursement Date 
Fall Paperwork Submitted in July Mid to Late September
Fall Paperwork Submitted in August  Mid to Late October
Fall Paperwork Submitted in September  Mid to Late November
Spring Paperwork Submitted in December  Mid to Late February
Spring Paperwork Submitted in January Mid to Late February