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Alert:

Midnight Update: EFSC's Palm Bay Campus will reopen Thursday, with all classes and exams taking place as scheduled. A power outage canceled late afternoon and evening classes and final exams on Wednesday. Students should check with their instructors for any impact on Wednesday's Final Exam schedules. Updates will be posted here, shared through Titan Alerts and social media.

Aid Disbursement Process at EFSC

Listed below are the financial aid disbursement dates for the Spring 2017 Term. Mobile Device Note: Tables can be swiped with finger from right to left to see all three columns of information.

General Disbursements
Classes Starting Funds Disbursed
to Student Account
Refunds Sent to BankMobile
January 9 January 31 February 2
February 6 February 22 February 23
March 6 March 22 March 23

Loan Disbursements for First Time Borrowers*
Classes Starting Funds Disbursed
to Student Account
Refunds Sent to BankMobile
January 9 February 13 February 14
February 6 February 22 February 23
March 6 March 22 March 23

2nd Disbursement for Spring-Only Loans*
Classes Starting Funds Disbursed
to Student Account
Refunds Sent to BankMobile
January 9 March 6 March 7
February 6 March 6 March 7
March 6 March 22 March 23

Who gets a refund?

Students whose financial aid exceeds their EFSC charges and book voucher charges are eligible to receive a refund to use for living and other educational expenses.

When will I receive my refund?

Eastern Florida State College has partnered with BankMobile to process refunds. The time between EFSC sending the refund file to BankMobile and you receiving your refund is generally as follows:

  • Electronic Deposit to Another Account
    Money is transferred to another account the same day funds are sent to BankMobile. Typically, it takes 1-2 business days for the receiving bank to credit the money to your account.
  • Electronic Deposit to a BankMobile Vibe Account
    If you open a BankMobile Vibe account (upon  identity verification), money is deposited the same day funds are sent to BankMobile
  • Paper Check Delivered by USPS
    A check is mailed the same day funds are sent to BankMobile. Typically, it takes 5-7 business days for the check to arrive to your address on file, depending on USPS First-Class® delivery timeframes.
  • No Refund Option Selected
    If you have not selected a refund preference a check will be mailed to you 10-14 business days after funds are sent to BankMobile. You are strongly encouraged to select a preference at www.refundselection.com.
*What You Need to Know About Loans
  • Loans will not disburse until your class attendance is confirmed in at least 6 credit hours. If you are enrolling in parts of terms with different starting dates and will not begin attendance in 6 hours until later in the term, please note that your disbursement will be delayed and plan accordingly. For example, if you start 4 credits on January 9 and an additional 2 credits on February 6, your loans will disburse on February 22.
  • First-time in college students who are first-time borrowers are subject to a 30 day disbursement delay.
  • Loans awarded for two semesters will be divided equally between the two semesters
  • Loans awarded for one semester only will be disbursed in two equal installments.
What You Need to Know About Pell Grants
  • If you are attending parts of term with different starting dates, your Pell Grant will have multiple disbursement dates; federal grants will not disburse in their entirety up front for students enrolled in mixed parts of term. For example, if you are in 9 credits starting January 9 and 3 credits starting February 6, three-quarters of your Pell Grant will disburse on January 31 and the remaining one-quarter will disburse on February 22.
What You Need to Know about Withdrawals and Attendance
  • Withdrawing from all classes or ceasing attendance in all classes may result in having to repay a portion of federal student aid disbursed.
  • Students who stop attending class after completing a part of term may also be subject to a return of federal funds.
  • Bright Futures students must repay scholarship funds for withdrawn classes.
  • Withdrawing from classes can negatively impact your Satisfactory Academic Progress.