Excess Financial Aid Refunds

If the total of all your financial aid is more than your direct tuition, mandatory fees, and Campus Shop deferred charges (bookstore charges) for the semester, you will receive an excess financial aid refund. We utilize BankMobile Disbursements, a technology solution, powered by BMTX, Inc. to deliver money we owe you from financial aid refunds, loans, grants, and dropped classes! Visit this link for more information: https://disbursements.bmtx.com/refundchoices/ 

*To view our third-party servicer contract for refund management, click here.

Excess financial aid refunds are issued approximately four (4) weeks after the start of the semester.

Excess financial aid refunds will continue to be issued throughout the semester as funding is received from the Department of Education and GA Student Finance Commission.

• Effective AY2021 (Fall Term 2020) Savannah Technical College has a No Harm No Foul policy that allows a 100% refund of all tuition and fees, excluding the application fee for the students that drop a course by the end of the sixth (6th) instructional day of the semester/term.
• After the drop/add period and once attendance/enrollment is confirmed (approximately the second week of the semester), the U.S. Department of Education and/or the Georgia Student Finance Commission will electronically transfer funding to Savannah Tech to be applied to each qualified student’s account.
• Once those funds are applied and each account is evaluated to determine the amount of refund due, a refund will be issued to the student. Federal regulations allow the college 14 calendar days to issue/mail a refund of excess financial aid.
• STC will begin issuing excess financial aid refunds approximately four (4) weeks after the start of the semester.