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Refund Information

Refund Information
Learn more about refunds.
 

What happens if I stop attending or withdraw from a class?
The government may recalculate your financial aid due to lack of class attendance or withdrawal. You could have your financial aid removed from your student account. 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 2018
June 21, 2018 Initial Summer financial aid disbursement for continuing borrowers*
July 2, 2018 Initial disbursement refunds received***
July 2, 2018 2nd disbursement for single-semester Summer-only loans*
July 11, 2018 2nd disbursement refunds received for Summer-only loans**
Fall 2018
Oct. 1, 2018 Initial Fall financial aid disbursement for continuing borrowers**
Oct. 12, 2018 Initial disbursement refunds received***
Oct. 23, 2018 2nd disbursement for single-semester Fall-only loans*
Nov. 1, 2018 2nd disbursement refunds received for Fall-only loans**
Spring 2019
Feb. 18, 2019 Initial Spring financial aid disbursement for continuing borrowers*
March 1, 2019 Initial disbursement refunds received***
March 13, 2019 2nd disbursement for single-semester Spring-only loans*
March 22, 2019 2nd disbursement refunds received for Spring-only loans**
Summer 2019
June 24, 2019 Initial Summer financial aid disbursement for continuing borrowers*
July 5, 2019 Initial disbursement refunds received***
July 1, 2019 2nd disbursement for single-semester Summer-only loans*
July 10, 2019 2nd disbursement refunds received for Summer-only loans**

*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.

**For first time loan borrowers, disbursement is 30 days after start of term

***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?

  1. Log into your account.
  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. We 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 to BankMobile, a division of Customers Bank.
  • 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 BankMobile, a division of Customers Bank.
  • If you choose to have your financial aid refund deposited to an existing bank account, it typically takes 1-2 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 BankMobile receives funds from your school.