Disbursement of Financial Aid
Disbursement of financial aid is the process in which financial aid awards (scholarships, grants, loans, etc.) are posted to the student’s ledger.
Timely processing of a student’s financial aid disbursement is contingent upon the student being actively enrolled in the semester and meeting all eligibility requirements for their awarded financial aid.
Disbursement for each semester occurs after the add/drop period for that semester. Disbursement processing continues on a weekly basis after the add/drop period until the end of the semester.
After the add/drop period, the Office of Financial Aid will adjust a student’s financial aid award based on the student’s finalized enrollment for the semester. Students enrolled less than full time may have their financial aid award(s) reduced and/or canceled for not meeting the required enrolled hours to receive their aid.
When disbursements have been posted to the student’s ledger, charges on the student account will be deducted from the student’s disbursed financial aid. If a student has additional financial aid in excess of the charges on their ledger, they may receive a financial aid refund for that excess amount.
Any charges that remain on the student account after financial aid has been disbursed or any charges posted to the student account after disbursements have been made will be the student’s responsibility to pay. Students may view any outstanding balances on their student account by clicking the “My Ledger” section on their student portal.
Students who have not had their awards disbursed after the add/drop period and have questions concerning the status of their financial aid awards are encouraged to reach out to the Office of Financial Aid to discuss their award eligibility.
Financial Aid Refunds
Florida Poly delivers financial aid and other school refunds to students through BankMobile Disbursements, a technology solution, powered by BMTX, Inc.
Review the terms and conditions of the Universities contract with BMTX, Inc. and related fee disclosures.
Review the terms and conditions of the Universities contract with Blackboard, the previous refund servicer.
Review the 2018-19 award year Student Financial Account Fee Data and Contract Monetary/Non-Monetary Considerations with BlackBoard, the previous refund provider.
Information concerning the mean and median costs incurred by student account holders, the total monetary consideration paid or received by parties under the contract, and total non-monetary consider paid or received by the parties under the contract for the most recently completed award year is available online.
