Aid Disbursement Info & Schedule

Aid Disbursement Process at EFSC

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

Aid Disbursement Schedule

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 delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. The time between EFSC sending the refund file to BMTX, Inc. and you receiving your refund depends on your selected refund preference with BankMobile Disbursements. For more information about BankMobile Disbursements and your refund choices, visit the BankMobile Disbursements website.

*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 15 and an additional 2 credits on June12, your loans will disburse on June 28 and your refund (if applicable) will be sent to BMTX, Inc. on June 30.
• 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 15 and 3 credits starting June 12, three-quarters of your Pell Grant will disburse on June 6 and the remaining one-quarter will disburse on June 28 and your refund (if applicable) will be sent to BMTX, Inc. on June 30.

What You Need to Know About the Pell Grant Recalculation 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 Recalculation Date. The Pell Recalculation Dates are:
  
  • Summer 2023, Sunday, May 21, 2023

• 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. For example for Summer 2023, if you initially register after May 15, 2023, you are encouraged to register for all of your classes in one registration session instead of registering over multiple days to maximize eligibility for aid. If you are changing your major, do not register until your new major is reflected in myGPS.
  

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.