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DISBURSEMENT INFORMATION
Financial Aid Disbursement Policy

Financial Aid awards from all programs will be posted to student accounts weekly beginning with the end of the drop/add period of each term. Financial aid funds shall be posted to student accounts in the following order:

  • Michigan Tuition Incentive Program Award
  • Michigan Competitive Scholarship
  • Federal Pell Grant
  • Federal Supplemental Educational Opportunity Grant
  • Iraq and Afghanistan Service Grant
  • Federal Stafford Loan (Subsidized)
  • Federal Stafford Loan (Un-Subsidized)
  • Other State Awards
  • Other Third-Party Scholarships
  • Waivers (Exemptions)

 

Attendance Verification

The Department of Education requires the verification of attendance prior to the disbursement of any federal funds. Until attendance is verified for a student, no financial aid will be disbursed.

Disbursement authorization is the posting of financial aid awards to students' accounts by the District Financial Aid Office and occurs weekly, starting on the Fourth Friday of every semester. Federal regulations state that the institution must process refunds (if a refund is due) within 14 days of the credit balance date. Wayne County Community College District delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Visit this link for more information: https://bankmobiledisbursements.com/refundchoices/.

To view our third-party servicer contract for refund management, click here.

 

 
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