Please note: “Disbursement” does not mean “REFUND”. “Disbursement” means the financial aid awards have been applied to your student account.
“Refund” means the credit balance owed to you will be sent to BPCC’s debit card company.
Disbursement/Refunds of federal financial aid for session A will begin on the dates posted in the Refund/Disbursement text box on the main Financial Aid page. If your financial aid awards are not posted on LOLA, you will not have aid disbursed on the dates posted.
Disbursement of federal financial aid for all other sessions will begin ten (10) days after the session begin date. The federal funds will apply to your student account on or around 10 days after the session begin date. The Business Office will send the refund file to Bank Mobile on the next appointed refund day after the funds are applied to your student account.
Example: If your class begins on October 10, the funds will disburse (or apply) to your student account on or around October 20 (if the 20th falls on a weekend, the funds will apply to your account on the following Monday). The Business office usually disburses refunds on Wednesdays and Fridays. If your funds apply to your student account on a Monday, the refunds will be sent to BankMobile on the following Wednesday. If the funds apply to your account on Wednesday, the refund will go to BankMobile on the following Friday.
Students must meet all eligibility requirements for financial aid before any refund will be processed. The Business Office will deduct all amounts owed to the College prior to issuing a credit balance refund.
Disbursements will be made based on actual enrollment on the disbursement date. Your Pell grant is initially awarded based on full-time (12 or more hours) enrollment. If you are not enrolled (and are attending) full-time on the disbursement date, your Pell grant will be adjusted for the correct enrollment status.
Bossier Parish Community College has partnered with BankMobile, a division of Customers Bank, to deliver financial aid and other school refunds to Bossier Parish Community College students. Students will be asked to make a refund delivery preference selection with BankMobile so that financial aid money and refunds can be delivered without delay.
All students will be asked to make a refund delivery preference selection from these options: 1) Deposit to your personal bank account, 2) Paper check sent via U.S. mail, or 3) Deposit to a BankMobile account. If you have selected the paper check option, please verify your address with BankMobile before the disbursement date posted.
Students will receive a bright green envelope from BankMobile. In this envelope you will find a personal code. You will need this code to select your refunding preference. Log in to www.refundselection.com, click on the “Let's Get Started” button and follow the prompts to set up your refunding preference. You may have the funds directly deposited into your personal checking or savings account or you may elect to have a paper check sent to an address that you designate. You may also elect to set up an account through BankMobile and have the refunds deposited into that account that you may access via a BankMobile debit card.
In the event that you do not receive the green envelope through regular mail or it is lost, please contact the Business Office to request assistance.
CAUTION: Financial aid will only pay what is charged to a student account at the time financial aid is disbursed. If charges are incurred by the student after all financial aid has applied, the student will be responsible for the balance owed.