In order to provide more flexible options for receiving refunds, OFTC has selected BankMobile®, a financial services company focused solely on higher education, to deliver financial aid and other school refunds to OFTC students. For more information about BankMobile, visit their website.
Frequently Asked Questions
What kinds of money might I receive from OFTC?
- The most common type of money BankMobile disburses to students are funds left over from financial aid awards, loans, or grants after tuition has been paid. Students receiving these funds has usually requested this additional support to help with books and living expenses. Other types of money may include reimbursement for tuition overpayment or a dropped class. BankMobile uses the term “refund” but OFTC may have another name for these funds, such as disbursement, residual, or a stipend.
How is my money delivered?
- Delivery of refund money is a multi-step process. First, OFTC draws funds from the respective loan and/or grant provider and applies it to your student account. Once this information is verified, it is sent to BankMobile. Once the specific refund information is received, it is processed and disbursed according to your selection.
What if I have additional questions?
- Visit FAQs on BankMobile