Financial Aid
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Disbursement

Fall 2017

Aid Type (part of term)
 
Date Funds
Sent to BankMobile
Loans for previous borrower (day) 1st 50% 08/22/17
Loans for previous borrower (evening) 1st 50% 08/29/17
Loans for previous borrower (off-campus) 1st 50% 09/06/17
Loans for first-time borrower (day) 1st 50% 09/28/17
Pell/SEOG 1st 50% 10/03/17
Loans for first-time borrower (evening) 1st 50% 10/06/17
Loans for first-time borrower (off-campus) 1st 50% 10/12/17
Loans for previous borrower (Sprint) 1st 50% 10/26/17
Loans for all borrowers (day, evening and off-campus) 2nd 50% 10/27/17
Pell/SEOG 2nd 50% 10/27/17
Loans for first-time borrower (Sprint) 1st 50% 11/28/17
Loans for all borrowers (Sprint) 2nd 50% 11/29/17
 
Spring 2018

Aid Type (part of term)
 
Date Funds
Sent to BankMobile
Loans for previous borrower (day and evening) 1st 50% 01/09/18
Loans for previous borrower (off-campus) 1st 50% 01/16/18
Loans for first-time borrower (day and evening) 1st 50% 02/16/18
Pell/SEOG 1st 50% 02/20/18
Loans for first-time borrower (off-campus) 1st 50% 02/22/18
Loans for previous borrower (Sprint) 1st 50% 03/15/18
Loans for all borrowers (day, evening and off-campus) 2nd 50% 03/21/18
Pell/SEOG 2nd 50% 03/21/18
Loans for first-time borrower (Sprint) 1st 50% 04/24/18
Loans for previous borrower (Sprint) 2nd 50% 04/25/18

Distribution of Refund

Hudson Valley Community College partners with BankMobile, a financial services company focused solely on higher education, to deliver refunds to matriculated students. You will have the option of receiving your refund in one of three ways:

  • Direct deposit to your bank account
  • Deposited to your BankMobile Vibe account
  • Check mailed to your address on file with BankMobile

You must select one of the above options with BankMobile in order to receive your refund. You can choose the option that is best for you.

Please visit the Cashier’s webpage for instructions regarding how to make your refund choice and to view frequently asked questions.

Financial aid will be used to satisfy your tuition and fee charges in the following order prior to the first Pell disbursement. After the first Pell disbursement your financial aid will be used to pay your tuition as it is disbursed.

  1. Estimated TAP (if Hudson Valley has received notification of your award by NYSHESC).
  2. Federal Pell Grant.
  3. Federal SEOG.
  4. Federal Direct Student Loans.

Please note that your loans cannot be disbursed until 10 days prior to date that you have commenced attending a minimum of 6 credits.

First time loan borrowers loan funds are delayed until the 31st day of the term.

Any funds not needed, at the time of disbursement, to satisfy a tuition balance will be refunded to the student. Please contact the Cashier’s Office for information regarding financial aid refund policies and amounts.

An email will be sent to your campus email address when financial aid is disbursed to your account. The email will include a disclosure statement which contains information regarding the amount of the disbursement and any refund issued. If the disbursement includes a Federal Direct Student Loan, you have the right to cancel all or part of your loan within 14 days of the email.

Please note: You must continue to participate in your classes. You must return any funds issued to you if you will not be completing the semester. If you receive a refund and are subsequently found to be ineligible, you will be billed and ultimately sent to a collection agency if you do not return the funds.

Availability of refund checks is contingent upon a student’s mid-term grades. Funds will be held for final grades if a student’s grades at mid-term are all failing.