FINANCIAL AID REFUND DISBURSEMENT POLICY

elgado Community College

Refund Options:

Student aid is awarded and disbursed by academic term or semester. Delgado Community College

disburses aid according to the published disbursement scheduled. Students are eligible for disbursements

once all requirements are met and once their term's census date has past.

Application review, verification (of selected), and awarding of aid must be completed before aid can be

disbursed. All financial aid is disbursed directly to a student’s LoLA account. The funds are used to pay

tuition and required fees, along with book store credit purchases, if applicable. Any remaining credit

balance is issued to the student as a refund.

Each student will need to log into their LoLA account and choose a refund preference.

1. D

eposit to An Existing Account – Money is transferred to an existing account the same business

day BankMobile received fund from the college. Typically, it takes 1-2 business days for t

eceiving bank to credit the money to the students account.

2. Deposit to a BankMobile Vibe Checking Account – If the student opens a BankMobile checking

count (upon identity verification), money is deposited the same business day BankMobil

eceives funds from the college.

elgado Community College will NOT issue refund checks, so students MUST select a refund

preference.

nstructions on How to Select Your Refund Preference

lease follow the instructions below to set up your refund disbursement preference:

1. Log

into your LoLA account

2. Go to the STUDENT TAB and then to the Academic Links section. Under Delgado

Community College, click on SELECT REFUND CHOICE.

3. Select how you want your refund delivered.

References:

http://www.dcc.edu/administration/offices/controller/bursar/refunds.aspx