Aid Disbursement

Financial aid (grants and student loans) will be credited to outstanding tuition and fees first. If you have been awarded more financial aid money than outstanding tuition and fees, the difference will be disbursed to you as a financial aid refund. Your award letter will give you an estimate of how much aid you have been awarded each quarter.

 

How to Receive Your Aid

LWTech has partnered with BankMobile, a financial institution that specializes in assisting colleges with financial aid disbursements. After you have been awarded financial aid, there are three options to receive your refund:

  1. A checking Account with BankMobile. Aid refunds may be accessed through a debit card. 
  2. BankMobile will deposit your money directly into your checking account with another bank.
  3. You may receive your refund as a paper check. (Paper checks will be mailed directly from BankMobile; mail time is approximately five to seven days.)

How to Receive Your Money Checklist

  • Make sure your address is up-to-date with Enrollment Services.
  • Upon receipt of your Refund Selection Kit in the mail (look for a bright green envelope), you may visit the BankMobile website  and select your option to receive your financial aid refunds.
  • Students with questions about their financial aid refund should visit the Financial Aid office.

Timelines

  • With the exception of Summer quarter, aid is disbursed on or after the first day of the regular quarter. Aid cannot be disbursed earlier. 
  • Students who drop from classes before or on the 5th business day of the quarter, but after aid has been disbursed, may owe a repayment from financial aid. The Financial Aid office cannot increase any grant aid awards for students adding classes after the fifth business day of the quarter.

Students must attend classes to be eligible for financial aid. Students who do not attend a class, or withdraw early from classes, may owe a repayment to the aid program that was awarded. Students that owe a financial aid repayment may not be eligible to receive additional financial aid from any college, and may be subject to collection activity from federal, state, or institutional sources.

View LWTech's contract with BankMobile, a Division of Customer Bank.

GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at benefits.va.gov/gibill.