Aid Disbursement Process at EFSC

Review the dates by term. General information and frequently asked questions about the disbursement process can be found below the table.

Aid Disbursement Schedule: Click the Term's Tab to View Dates

Fall Term 2018 Dates

You can also view our Fast Facts PDF for a dates and deadlines summary by term: Fall Term 2018

General Disbursements

Classes Starting Funds Disbursed 
to Student Account
Refunds Sent to BankMobile
08/13/18 09/04/18 09/07/18
09/10/18 09/26/18 09/28/18
10/08/18 10/24/18 10/26/18


Loan Disbursements for First Time Borrowers*

Classes Starting Funds Disbursed 
to Student Account
Refunds Sent to BankMobile
08/13/18 09/12/18 09/14/18
09/10/18 09/26/18 09/28/18
10/08/18 10/24/18 10/26/18


2nd Disbursement for One Semester-Only Loans*

Classes Starting Funds Disbursed 
to Student Account
Refunds Sent to BankMobile
08/13/18 10/08/18 10/12/18
09/10/18 10/08/18 10/12/18
10/08/18 10/24/18 10/26/18

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.
  • No Refund Option Selected
    If you have not selected a refund preference a check will be mailed to you 5-7 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 August 13 and an additional 2 credits on September 10, your loans will disburse on September 26 and your refund (if applicable) will be sent to Bank Mobile on September 28.
  • 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 August 13 and 3 credits starting September 10, three-quarters of your Pell Grant will disburse on September 4 and the remaining one-quarter will disburse on September 26 and your refund (if applicable) will be sent to Bank Mobile on September 28.
What You Need to Know About the Pell Grant Census Date
  • Enrollment levels (less than half-time, half-time, three-quarter-time, or full-time) for the Pell Grant and state grants are determined on the Pell Census Date. The Pell Census Date for Fall 2018 is Thursday, August 16, 2018.
  • Students with enrollment in any part of term for the semester AND a submitted FAFSA will have their enrollment level for Pell and state grants determined on the Pell Census Date. Courses added after the Pell Census Date are not included in financial aid enrollment for the purposes of qualifying for federal and state grants. Students are encouraged to register for all classes prior to the Pell Census Date to maximize eligibility for aid.
  • Registration or FAFSA Submission after the Pell Census Date: Once a student is registered (for any part of term) and has a completed FAFSA, their enrollment level will be determined for Pell and state grants. Any classes added AFTER this determination will not be included for purposes of qualifying for federal and state grants.
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.