Financial Aid Refunds
Beginning Winter Quarter 2013, all students will receive their refunds according to the refund preference option they select using their Peninsula Card. We will begin mailing Peninsula Cards to students the week of December 5, 2012.
How do I know if I am getting a Financial Aid refund?
If the total of your grants and loans is less than your tuition and fee charges, you are not eligible for a refund and must pay the outstanding balance by the tuition due date to avoid problems.
If the total of your grants and loans is greater than your tuition and fee charges, you will receive a Financial Aid refund for any Financial Aid funds that remain after your tuition and fees are paid. ***Please be advised that you must complete additional steps in order to receive loan funds.
How do I get my Financial Aid refund?
For aid disbursed beginning winter quarter 2013, you should receive a Peninsula Card in the mail from Higher One. Once you receive your card, you should go online to www.peninsulacard.com and select your refund preference. Refunds are disbursed according to the preference you select. If you do not select a preference, your funds will be mailed to you in the form of a check 21 days after they are released from the College.
Peninsula Cards are mailed to the address on file with the Student Services Office. BE SURE to keep the Student Services Office updated if your address changes. Contact Student Services if you do not receive a Peninsula Card and believe you should have gotten one in the mail.
When are refunds disbursed?
Each quarter, the first batch of financial aid and scholarship refunds will be released to Higher One no later than the first business day of the quarter. Depending on your refund preference selection, funds will be available as early as the first day of the quarter; after the first batch of refunds is processed each quarter, subsequent batches may take up to 3 business days to be processed and sent to Higher One. If you delay in making your refund preference selection, you will experience a delay in receiving your funds. To ensure that your refund is sent in the first batch, please refer to the “How to Avoid Problems and Delays” question below.
How do I avoid problems and delays receiving my refund?
- Register for classes well before the quarter starts, preferably prior to the tuition deadline for that quarter.
- Do not make last-minute changes to your schedule, including adding or dropping classes. Wait-listed classes do NOT count as courses you are enrolled in for Financial Aid.
- Either register for 12 or more eligible credits (full-time) or notify the Financial Aid Office in writing that you intend to enroll in less than 12 credits. You must do this each quarter. To give our office enough processing time, we strongly recommend you notify us prior to the tuition deadline for that quarter. Check the Financial Aid Portal to make sure your award has been adjusted prior to the start of the quarter. Some classes are not considered “financial-aid-eligible” and can’t be funded by Financial Aid.
- Meet all Satisfactory Academic Progress requirements the prior quarter.
- Meet all Financial Aid Office deadlines.
- Read all online materials provided by the Financial Aid Office and keep copies of your award information, including FAFSA data.
- Inform the Student Services Office of address changes and changes to your email address.
- Be sure you do not owe a debt to the college from prior quarters’ fees, etc. This includes math lab fees, unresolved testing, childcare, or other fees, and unpaid tuition from previous quarters. Also make sure to pay tuition and fees for any non-credit or special interest class you may be currently enrolled in. (These types of classes are not eligible for financial aid and we cannot pay for them with financial aid funds.)
- After you receive your Peninsula Card (in the bright green envelope), go online to www.peninsulacard.com to select how you want to receive your financial aid refund. If you do not make a selection, the funds will automatically be mailed to you after 21 days.
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- Student Financial Aid Portal
- Conditions of Award
- Payment Options
- Financial Aid Refunds
- Student Loans
- Financial Aid FAQ
- Additional Financial Resources
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