Refunds and Financial Aid payments for Clatsop Community College students are now released through BankMobile. Students receiving refunds and financial aid payments must select preferences on how they want the money released to receive their funds.
Students will receive instructions from BankMobile on how to set up their refund preference. All communications with BankMobile will require students to use their Clatsopcc.edu email account.
It is important for students receiving refunds and financial aid payments to complete this process to secure their funding.
The new BankMobile disbursement process gives students options for receiving funds.
DEPOSIT TO AN EXISITING ACCOUNT – Money is transferred to a student’s existing account the same business day BankMobile receives funds from your school. Typically, it takes 1 – 2 business days for the receiving bank to credit the money to your account.
DEPOSIT TO A BANKMOBILE VIBE ACCOUNT – If a student opens a BankMobile Vibe checking account (upon identity verification), money is deposited the same business day BankMobile receives funds from the college.
For help with setting up your refund preferences, please contact the First Stop/Welcome Center at (503) 338-2411.
For more information, visit BankMobileDisbursements.com/refundchoices/
All students will be asked to select a refund delivery preference from the options listed above. Here’s what to do to set up your preferences:
By registering for a class at the College, you have incurred a legal obligation to pay all tuition, fees, and any other charges relating to your enrollment, even if your charges are being paid by another party. Unless you officially withdraw from your courses within the full refund period each term, you are obligated to make payment by the due date published in the relevant college publications.
A late payment fee of $50 will be charged if your account is not paid in full (or an installment plan is not set up) by the third Friday of classes. An additional $15/month will be added to delinquent accounts.
You will not be allowed to register for subsequent terms until your account is paid in full.
Payments may be made by any of the following methods:
The College offers an installment payment plan to help you meet your tuition expenses more easily. You can arrange for a payment plan at the Student Services Center or on-line at My CCC. Any student may participate in the Installment Payment Plan, except those noted below. If you qualify, the following conditions apply:
NOTE: The Installment Payment Plan is not available to:
For credit class refunds, you may sign up for BankMobile for processing of any refund due to you by going to the following website and completing the banking information:
For assistance with refund preferences contact the First Stop/Welcome Center at (503) 338-2411.
A credit balance occurs whenever the amount of funding applied to a student’s account exceeds the student’s charges in a term. To ensure consistent and accurate financial records, Clatsop Community College (the College) reconciles all credit balances on an account within 21 business days.
A Title IV credit balance occurs when the total amount of Title IV funding (Direct Subsidized and Unsubsidized Loans, Plus Loans, Pell and SEOG Grants) applied to a student’s account exceeds tuition and required fees in a given term. Federal regulations require all Title IV credit balances to be resolved within 14 calendar days of the first day of the term, or within 14 days of the date the credit is created if the Title IV funds are credited to a student account after the first day of the term.
Federal regulations require the College to obtain written authorization from students (and parents in the case of Parent PLUS loans) to retain Title IV funding for future charges (additional terms in same Academic Year), or to utilize funds for allowable* charges other than tuition and required fees.
*Allowable charges = books, supplies, and other educationally related goods and services provided by the institution
Title IV Credit Balance is reconciled within 14 calendar days of the first day of the term, or within 14 calendar days of the creation of the credit, if the Title IV funds are credited to a student account after the first day of the term, through one of the following:
If a non-Title IV credit balance exists, reconciliation will be completed within 21 days based on the last method of payment received which created the credit.
Type of Payment and reimbursement
*if EFT information has changed, a new authorization is required immediately to prevent delays in processing
Who is reimbursed- depending on the loan, scholarship, or grant the reimbursement will vary accordingly