Getting Your Aid


How Financial Aid is Paid to You

A disbursement occurs when your financial aid award exceeds the amount you owe the College. You can use your financial aid disbursement for educational expenses each semester. However, if you do not complete your courses, you may be required to pay back a portion of or your entire financial aid award. Plan to have personal funds available to meet rent and deadlines for other bills before your aid is available.

If your grants and accepted loans exceed tuition and fees, required books and supplies may be charged against them in the College Store. Please visit College Store for more information.

To claim any remaining financial aid and student loan funds (overage refunds), you may sign up for direct deposit to have it transferred to your bank or credit union. If you don't have a financial account, review the BankMobile Vibe account to see if it is a good option for you.

Select Your Refund Payment Option

Upon receiving your personal code, activate your refund preference by following these steps:

  1. Go to the BankMobile website
  2. Select the "Get Started" link
  3. Enter your personal code (learn more about your personal code)
  4. Select the refund payment option that is best for you (direct deposit or BankMobile Vibe account)

Overage refunds are processed every Tuesday starting the third week of the term. Visit Ask Us for more information on disbursements

View the Minneapolis College Client Contract and Profile with Customers Bank (dba BankMobile Disbursements)