Aid Disbursement Process at EFSC

Listed below are the initial disbursement dates for the Summer 2018 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
May 14, 2018 June 4, 2018 June 8, 2018
June 11, 2018 June 27, 2018 June 29, 2018
June 25, 2018 July 11, 2018 July 13, 2018

Loan Disbursements for First Time Borrowers*
Classes Starting Funds Disbursed
to Student Account
Refunds Sent to BankMobile
May 14, 2018 June 13, 2018 June 15, 2018
June 11, 2018 June 27, 2018 June 29, 2018
June 25, 2018 July 11, 2018 July 13, 2018

2nd Disbursement for Summer-Only Loans*
Classes Starting Funds Disbursed
to Student Account
Refunds Sent to BankMobile
May 14, 2018 June 25, 2018 June 29, 2018
June 11, 2018 June 27, 2018 June 29, 2018
June 25, 2018 July 11, 2018 July 13, 2018

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 May 14 and an additional 2 credits on June 11, your loans will disburse on June 27 and your refund (if applicable) will be sent to Bank Mobile on June 29.
  • 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 May 14 and 3 credits starting June 11, three-quarters of your Pell Grant will disburse on June 4 and the remaining one-quarter will disburse on June 27 and your refund (if applicable) will be sent to Bank Mobile on June 29.
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 Summer 2018 is Thursday, May 17, 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.