Disbursements and Refunds
Financial aid is applied to your student account to pay tuition, fees, and other eligible charges. This is called a disbursement. If money remains after those charges are paid, the Bursar’s Office processes the remaining amount as your refund.
Your aid may be released in separate payments based on when your classes begin and after attendance and eligibility are confirmed. Depending on your charges and the amount released, you may receive a refund during the first eight weeks, the second eight weeks, or both.
Review the information below to understand how your aid is applied and when you may receive a refund.
Why Might I Receive My Refund in Separate Payments?
Your financial aid may be released at different times based on when your classes begin. Funds associated with second-eight-week classes may remain authorized until those classes begin and attendance and eligibility are confirmed.
Your semester charges are paid first. Your first disbursement may cover only part of those charges, leaving no money available for a refund. It may also cover your charges with only a small amount remaining to refund.
When additional aid is released, it pays any remaining eligible charges first. Any funds left over are then processed as a refund.
Example:
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Semester charges: $2,000
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First disbursement: $1,500 — leaves $500 unpaid, so no refund yet.
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Later disbursement: $1,500 — pays the remaining $500, leaving a $1,000 refund, provided no other charges or adjustments apply.
Stay Updated on Your Financial Aid
Check your PASPort account and Laredo College student email regularly for financial aid updates, outstanding requirements, and account notices.
An award or authorization notice does not mean your refund has been sent. Your aid must first be disbursed and applied to your account charges before any remaining funds can be refunded.
Keep your contact information current and make sure you have selected your refund preference through BankMobile.
Choose Your Refund Method
Laredo College uses BankMobile Disbursements to deliver student refunds. Select your refund preference and keep your information current so you are ready when a refund is issued.
Receiving your refund depends on when it is processed and your selected delivery method. Selecting a refund preference does not mean a refund has already been sent.