Receiving Your Financial Aid

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Receiving Your Financial Aid

Once you complete the financial aid application process, you will receive a Financial Aid Award Letter. If you have not yet received your award letter, your financial aid has not been finalized and will not be disbursed.

How and When You'll Receive Your Aid

  1. After your financial aid application is received and processed by the LWTech Financial Aid Office, you will receive a Financial Aid Award Letter to your preferred email address listed in LionsLink. A link to your award will also appear in your LionsLink account:

  2. Once you receive your award letter, you'll also receive instructions on how to choose a refund method. See below for details.

  3. Financial aid is disbursed on or after the first day of the academic quarter.It is automatically applied to any tuition and fee balance on your student account. 

  4. If your financial aid award exceeds your tuition and fees, the remaining amount will be refunded to you using the method you select (see below). 

Choose Your Refund Method

After receiving your Financial Aid Award Letter:

Refund Instructions Arriving by Mail and Email

Image of the green Bankmobile envelope that students will receive in the mail for their financial aid refund

  • You will receive a bright green envelope in the mail to the address on file with the college from your admission application. The envelope you receive will be from BankMobile, the company who disburses financial aid refunds for LWTech.

  • This green envelope will include a personal code and directions for selecting how to receive funds. This personal code will also be sent to you via email.

  • Make sure your home or mailing address is current. Refunds cannot be delivered to any other type of address.
  • Activate your LWTech email address. You'll need it to log in and select your refund preference.

Choose How You Want to Receive Your Funds

  • Go to RefundSelection.com and enter your personal code to select a refund option. 

  • You will have three options for receiving funds:

    1. Deposit to an Existing Account: 

      • Funds are transferred the same business day from BMTX, Inc. It usually takes 1-2 business days for your bank to post the funds after the college releases them. 

    2. Depisit to BankMobile Vibe Checking Account:

      • If you open a BankMobile Vibe checking account (upon identity verification), funds are deposited the same business day BMTX.Inc.receives them from the college.
      •  For more information about BankMobile Disbursements, visit the BankMobile Disbursements How It Works webpage.

    3. Paper Check Delivered by USPS: 

      • A check is mailed the same business day that your financial aid funds are received, provided recveipt is within daily cutoff times. Delivery typically takes 5 to 7 business days. 

Additional Important Information

The amount and type of aid you receive depend on several factors, including:

  • Student Aid Index (SAI): Calculated based on your family's income, assets, household size, and number of family members in college. A lower SAI indicates greater financial need.

  • Satisfactory Academic Progress (SAP): To remain eligible, students must maintain a minimum quarterly and cumulative GPA of 2.0, meet completion rate requirements, and stay within the maximum timeframe for their program.

  • Enrollment Status: Aid is prorated based on the number of credits you are enrolled in. Students taking 12 or more credits are considered full-time and receive 100% of their eligible aid. To qualify for federal student loans, enrollment in at least 6 credits is required.

  • Previous Education: Students who have already earned a bachelor’s degree are no longer eligible for the Federal Pell Grant or the Federal Supplemental Educational Opportunity Grant (FSEOG). However, they may still qualify for Federal Direct Loans.

  • Use of Previous Aid: Eligibility may also be affected by lifetime limits, such as the Pell Grant lifetime eligibility and aggregate loan limits.

  • Courses are part of Declared Program of Study: Additionally, to receive financial aid, the courses you are enrolled in must be part of your declared program of study as listed in the college catalog. 


If you have questions about the amount or type of awards you received, please contact the Financial Aid Office.

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.

If you're facing this situation, contact the Financial Aid Office as soon as possible to discuss your options.

Students who drop from classes before or on the 10th 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 tenth business day of the quarter.

If you're facing this situation, contact the Financial Aid Office as soon as possible to discuss your options.

View our third-party servicer contract for refund management.