Financial aid and third party payments are disbursed (payments made to student's account) throughout the academic year at different times and verification of attendance is required prior to the refund of any federal funds. Until attendance is verified for a student, no financial aid will be refunded.
It is possible that only a portion of your aid will post to your account, leaving a balance. Some reasons for partial aid disbursements include:
Pell Grants will be disbursed to eligible student accounts:
Loan payments will be disbursed to the student’s account once received electronically by the lender. Please note: you must be enrolled for a minimum of six (6) credit hours to be eligible to receive loan funding and have attended all classes. The anticipated disbursement dates indicated on the notice of guarantee and disclosure statement received from the U.S. Department of Education is not the actual date of payment and is only projected based on the start date of the new semester.
Loans are scheduled for at least two disbursements, which vary by the loan period.
Scholarship funds will be disbursed to students depending on the specific scholarship criteria. Any unused funds that are allowed to be refunded to the student will be.
Students who receive TIP (Tuition Incentive Program) funding will experience a delay in full refunds. Mott will process refunds once the State of Michigan completes their payment processing and sends TIP funds to the college. Students may notice a credit balance on their "MyBackpack" account until their refund is processed.
Account balance must be paid in full before a refund (unused funds that are issued to the student) will be issued. The quickest way to determine if a refund is available is by checking under the Student Finance Tab in your account within the “MyBackpack” app. If it displays a negative (-) number, this is your estimated refund amount.
The first refund disbursement of each semester begins approximately four weeks after the start of the semester. Refunds are processed weekly after the first refund of the semester.
The date of a student financial aid refund is dependent on course(s) start date(s), attendance verification, and financial aid completion after the beginning of each term.
Refunds will be issued according to the option you selected; deposited directly to your account, Bear Direct, or mailed.
Reminder: If you were issued a book voucher, those funds will be deducted directly from your disbursements. If you did not use a book voucher those funds will not be deducted and issued to you when you receive your refund.
Please Note: Refund checks expire 60 days from the date issued. Any unclaimed Financial Aid refunds will be returned to the federal government. Other unclaimed refunds will be sent to the State of Michigan.