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Financial Aid

IMPORTANT NOTICE TO FINANCIAL AID STUDENTS


If you are due to receive a refund from your financial aid award(s) for the upcoming semester (or the current semester if classes have started), refunds are scheduled to be disbursed through BM Technologies, Inc, a wholly owned subsidiary of First Carolina Bank, by the end of the day listed on the Financial Aid homepage. This includes refunds due to students from the following:

  • Federal Direct Subsidized and Unsubsidized Loans provided all requirements for disbursement are met. Reminder: these requirements include, but are not limited to, completion of the loan entrance interview, enrolling and maintaining at least half-time enrollment, and signing the Master Promissory Note.
  • Federal grants
  • State grants and scholarships
  • Other aid or resources on your account from which you can receive a balance

The following is included to remind you:

  • ALL refunds are disbursed through BM Technologies, Inc; the College no longer produces and mails checks. To view our third-party servicer contract for refund management, click here.
  • Subsequent refunds, if any, are disbursed on a weekly basis throughout the semester.
  • If you have not already done so, please select your refund preference online with BM Technologies, Inc. Visit this link for more information: firstcarolinabank.com/disbursements/refund-choices. If you have any questions about this, please contact the SJR State Business Office at 386-312-4121.

Our goal is to deliver refunds to ALL eligible students as quickly as possible. We request your assistance in this process by asking you not to contact the Financial Aid Office or the Business Office to request a check, or to request an "early" disbursement. This is not possible, and it only serves to delay the process for you and all other students.

Thank you for your consideration and assistance.