Aid Disbursement

Financial aid (grants and student loans) will be credited to outstanding tuition and fees first. If you have been awarded more financial aid money than outstanding tuition and fees, the difference will be disbursed to you. Your award letter will give you an estimate of how much aid you have been awarded each quarter. 

How to Receive Your Aid

LWTech has partnered with BankMobile to deliver your financial aid funds. For more information about BankMobile, visit the BankMobile How It Works webpage.

After you have been awarded financial aid, there are three options to receive your funds:

• Deposit to an Existing Account 
  Money is transferred to an existing account the same business day BankMobile receives funds from your school. Typically, it takes 1 to 2 business days for the receiving bank to credit the money to your account.
• Deposit to a BankMobile Vibe Account 
  If you open a BankMobile Vibe checking account (upon identity verification), money is deposited the same business day BankMobile receives funds from your school.
• Paper Check Delivered by USPS
  A check is mailed the same business day BankMobile receives funds from your school, provided receipt is within daily cutoff times. Typically, it takes 5 to 7 business days for the check to arrive, depending on USPS First-Class® delivery timeframe.

How to Receive Your Money Checklist

1. Make sure your address is up-to-date with Enrollment Services.
2. Upon receipt of information from BankMobile, you may visit the BankMobile website  and select your preference to receive funds from LWTech.
3. Students with questions about their financial aid refund should visit the Financial Aid office.

Timelines

• Aid is disbursed on or after the first day of the regular quarter. Aid cannot be disbursed earlier. 
• Students who drop from classes before or on the 5th business day of the quarter, but after aid has been disbursed, may owe a repayment to financial aid. The Financial Aid office cannot increase any grant aid awards for students adding classes after the fifth business day of the quarter.

Students must attend classes to be eligible for financial aid. Students who do not attend a class, or withdraw early from classes, may owe a repayment to the aid program that was awarded. Students that owe a financial aid repayment may not be eligible to receive additional financial aid from any college, and may be subject to collection activity from federal, state, or institutional sources.

View LWTech's contract with BankMobile, a Division of Customer Bank.