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Disbursement

Financial aid funds become available on a designated day each semester. Currently, initial disbursement falls on the ninth class day, subject to change. All financial aid is disbursed through BankMobile. All grants, scholarships and loans are first used to pay student tuition, fees, books and/or other charges. If a student has remaining financial aid funds, a refund is processed via BankMobile based on how the student requested the funds.

After the initial disbursement day of each term, financial aid is typically disbursed once weekly. Students can monitor when financial aid has been applied to their account and when a refund has been issued by reviewing their account on the student e-services website. BankMobile information is sent to each student to the address on file with the college. It is important that students update the college with any change of address information.

Financial aid pays for grades of A, B, C, D, and F, but does not pay for grades of I or W.

Fond du Lac Tribal and Community College maintains partnerships with these organizations and online resources to provide the best possible student support services and educational opportunities:  Accuplacer, Clearinghouse, BankMobile, ImageNow, Minnesota Department of Revenue, and Transworld.

Information regarding the BankMobile agreement can be found at the BankMobile web page by clicking on the link here.