I would like to know when I should be expecting my financial aid.
My first day of school is Aug 21st. I was notified that the date I would receive my FA is on Tues. the 22nd. I opened an account with the provided bank account thing, and it said that payments through that are only distributed on Fridays. So, would it come 4 days BEFORE the 22nd, which would be Friday, the 18th, or 3 days AFTER the 22nd, which is Friday, the 25th?
This isn’t something I absolutely need the answer to, which is why I haven’t called my school. I just thought I’d ask here for the heck of it, to see if anyone knows. I can live without knowing. These dates aren’t that far away.
I’m confused. What financial aid are you going to be receiving in your bank account?
Usually your financial aid is first used to pay all billable costs to your university via your bursars account. Then any overage would be refunded to,you…if,there is anything left.
Typically refunds happen a few weeks into the term so that the school is sure you are enrolled…and know whether it’s full or part time.
It’s not an actual bank account, sorry. I just don’t know how to put it. It’s called Bank Mobile. It’s an account through my college. They partnered with them.
I have two kids who get their loan money for living expenses. One gets hers weeks into the semester, after the drop/add date, after it has been processed (on a Thursday) and then sent to the check clearing place (that was new last year) and then a check is cut about 10 days later and it arrives at our home address and I put it in her account. Honestly, takes forever so she needs to have funds in her bank to cover Aug, Sept rent.
Other kid gets hers almost immediately, and it is deposited into a bank account. Last spring they did it before school even started because we had to pay her study abroad program and the school knew that. Nice school.