For a student to have financial aid awards processed for Fall 2022 disbursements, all financial aid documents must have been processed by September 20, 2022

The next scheduled Fall 2022 refund disbursements* will be processed on October 19, 2022**

*Refund dates do not apply to all students.

**The published refund date is when funds will be sent to BankMobile. Once BankMoblie receives the funds, it may take an additional 24 to 48 hours to be sent to you, depending on your refund selection.

The 2022 Fall semester is comprised of the following sessions:

Session 1 (September 6, 2022 through October 31, 2022)

Session 2 (November 1, 2022 through December 18, 2022)

Fall 15-week courses (September 6, 2022 through December 18, 2022)

In most cases, students take courses in each main session (ex. Fall Session 1 & 2). If a student is receiving financial assistance, student financial aid is divided between the two sessions of the semester. Financial aid will still be divided between two sessions even if a student is only taking classes in one session that semester.


What is checked prior to Peirce issuing my student loan refund?

  • Account Credit 

If, after your financial aid has been applied to your billing statement, it is determined you have a credit (meaning money that will come back to you) then a refund might be issued.

  • Attendance:

You must attend class and actively participate on a regular basis.

  • High school or college transcripts have been submitted: 

If you have a high school or college transcript hold your funds will not get applied until the high school or college transcript has arrived in the Registrar’s Office and shows you have graduated from high school or are transferring in college credits. If you have a GED or have earned an Associate’s Degree from another college or university, please forward this information to the Registrar’s Office for review.

  • Number of credits:

If you have dropped a course(s) and/or have withdrawn from a course(s) this may delay, decrease or eliminate your refund. Your financial aid was determined and processed based upon the original number of credits you decided to pursue for the semester.  Changes to these classes could change your financial aid.

  • Laptop purchase:

By taking part in the Best Buy Computer Purchase Program, financial aid will not disburse until the end of the semester.

 

What service does Peirce use to deliver my refund?

Peirce College delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Click here for more information.

To view Peirce College's contract with BankMobile Disbursements, a technology solution, powered by BMTX, Inc click here.

How do I set up my BankMobile Preference?

  • A mailer and an email will be sent to you with instructions on how to select your refund preference. Follow the instructions enclosed to make your choice.
    • If you have not received your code via email or mail contact the student billing office by emailing billing1@peirce.edu
  • If you have already set up your Bank Mobile preference, but have additional questions, please visit Bank Mobile FAQs to quickly and easily find answers.