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:
- 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.
- 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.
- 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|