What are the options for receiving my refund?
You may select to have your refund direct deposited into your own checking or savings account. If you do not have an account, you may select to open a Sallie Mae No Fee Student Checking Account with a debit card. If you do not select either of these methods you will receive a paper check in the mail within 10 business days.
Will I get my refund faster by enrolling for direct deposit?
By signing up to have your student account refund direct deposited you will receive your refund faster by not having to wait on a check in the mail (which can take up to 10 business days) but you will not receive it earlier than the scheduled refund date.
How do I sign up to receive my refund via direct deposit?
Log in to your myNSCC account, click on the Billing and Financial Aid Tab, and click on the link in the Student Refund Box. First time log in go to New User Sign Up.
When will I receive my refund?
Refunds are processed and released for direct deposit and/or check mailing on Thursday of each week. Financial Aid refunds will begin being released as follows for school year 2013-2014:
- Summer Semester July 5, 2013
- Fall Semester October 10, 2013
- Spring Semester February 27, 2014
What is the difference between disbursement date and refund date?
The disbursement date you receive from the Department of Education is the date the funds are disbursed to the school. The school will verify and apply the funds to your student account. This process takes up to 7 business days. After this is completed any excess funds on your student account are then processed to be refunded on the posted refund date.
When will my direct deposit be available to me?
Student refunds are released to your bank account on Thursday. Depending on when your bank processes ACH transactions, your funds will be available to you within 1-3 banking days.
Why did I not receive all of my financial aid money?
Financial Aid pays based upon the number of credit hours a student is attending. If you are registered for a course that has not started yet, not all of your financial aid will pay until after you have started attending these classes. Secondly, if you take out a loan for one semester only (for example Spring only), Federal Regulations require that the loan be split into two separate disbursements.