Typically it takes 1 2 business days for the receiving bank to credit the money to your account. If a refund check is lost most schools require a mandatory waiting period before issuing a new one often around two or three weeks.
Usually it takes up to a week to get your refund through a paper check or direct deposit.
How long does it take to get fafsa refund check. Students who are interested in direct deposit may need to contact their financial services or bursar s office to enroll. If they cannot give you a specific date try to find a range like sometime during the month of october. Visit the help center.
Deposit to an existing account money is transferred to an existing account the same business day bankmobile receives funds from your school. First year student all federal aid money at many schools your first disbursement takes place 30 days after the first day of enrollment. Free application for federal student aid.
If your semester started september 1 you wouldn t receive any money until october 1. Talk to your financial aid office to find out the turn around time. How college financial aid disbursement works college financial aid disbursement typically takes place sometime between 10 days before and 30 days after classes start.
That does not make any sense when other university and two year college in the state florida give the remaining balance to the student on a bank card or check. Keep in mind the application takes roughly 3 to 5 business days before it has been fully processed by the department of education and made available for strayer review the report. You must complete a new fafsa every year if you wish to continue receiving financial aid.
Some schools also offer a direct deposit option for financial aid refunds. The fasfa base off your personal income and that refund can help some student out on some bills or etc. By emma kerr reporter aug.
Each school has its own method of financial aid refund disbursement but there are three primary options. However direct deposit speeds things up since you don t have to wait the extra few days for the mail to come. If you waited until the last minute to file your fafsa and or apply for student loans anticipate that your refund check will not be available until later in the semester.
Check some schools will write a check for the amount of the leftover balance and mail it to the student s preferred mailing address. Wage or tax refund garnishment. Check out frequently asked questions about federal student aid.