Paying For School

Refund Information


What happens if I stop attending or withdraw from a class?

Did you know you may owe funds back to the Federal Government, even if you already received a refund? The Government may recalculate your financial aid due to class withdrawal or lack of class attendance. This could result in a balance due to HACC. You may experience financial holds if you owe a balance to HACC. These holds can prevent you from:

  • Registering for classes
  • Receiving your grades
  • Getting copies of your transcript
     
When will I receive my financial aid refund?

Summer 2023

June 1, 2023

Initial summer financial aid disbursements start for POT 1 and 7 classes*

June 15, 2023

Initial disbursement refunds received**

June 23, 2023

2nd disbursement for single-semester summer-only loans*

June 27, 2023

Summer financial aid disbursements start for POT 8 classes

July 7, 2023

2nd disbursement refunds received for summer-only loans**

July 11, 2023

POT 8 disbursement refunds received**

July 11, 2023

Summer financial aid disbursements start for POT 9 classes

July 25, 2023

 POT 9 disbursement refunds received**

 

HACC applies financial aid to your bill approximately 9 and 11 days after the semester starts. HACC must verify your enrollment before we apply your financial award to your bill.

Summer PA State Grant disbursements occur on or soon after the last week of the Summer term (08/12)

Your Federal Direct Stafford Loan will pay after you have started your sixth credit.

For more information, contact the Financial Aid Office.

Important Note: Disbursement of funds will occur on the evening of the scheduled date.

* Students receiving a loan for only one semester will receive 50% of the loan amount at the initial disbursement and the 2nd 50% as noted.

** Contact your Welcome Center if you do not receive your refund by the specified date. Please do not contact HACC prior to date noted above to ask about your financial aid refund. This slows the refund process.

 

How can I check my refund status with BankMobile Disbursements?
  1. Log into your profile.
  2. Select "Refund Status & History" in the sub-menu listed under the "Refunds" tab.

You can sign up for mobile text alerts to notify you when HACC disperses your refund. BMTX, Inc. will use your selected refund preference to disperse your refund.

 

What is the refund process?
  • It takes about 10 business days for HACC to issue refunds with BankMobile Disbursements, a technology solution, powered by BMTX, Inc.
  • You may see your financial aid and refund disbursement transactions on your HACC account. This does not guarantee the refund process is complete.
  • HACC processes financial transactions behind the scenes. We generate the refund file to send to BMTX, Inc.
  • If you choose to have your financial aid refund deposited to an existing bank account, it typically takes one-two business days for the receiving bank to credit the money to your account. If you open a BankMobile Vibe checking account (upon identity verification), money is deposited the same business day BMTX, Inc. receives funds from your school.
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