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Financial Aid Disbursement

Direct Loans
Direct Loans are disbursed by the Office of Student Accounts according to federal regulations.  All Direct, Alternative, and PLUS loan funds will be sent to the College electronically (by EFT).  Loan funds will be disbursed each semester once the registration period is over and once attendance verifications are completed by the instructors.  Disbursement dates are listed on the Student Accounts home page under Important Dates. 

All loan funds will be refunded through the BankMobile refund process. Tuition, book deferments, book vouchers and any other outstanding balances due the College will be deducted first before any remaining funds are refunded to the student. Refunds are processed according to the refund preference that was selected with BankMobile. For more information about BankMobile, visit this link:

PLUS Loans
PLUS loan funds are sent to the College electronically (by EFT).  The parent has the option to have the loan disbursement sent to the parent or to the student.  Upon receipt of PLUS loan funds, the parent is mailed a Parent PLUS Loans Disbursement Statement which the parent will sign and return to the College.  The parent will indicate on the form if they want a check mailed to him/her or if they want the student to receive the refund once all outstanding balances for the student have been paid.  If payable to the parent, a paper check will be mailed. If payable to the student, the refund will be processed according to the refund preference chosen with BankMobile. For more information about BankMobile, visit this link:

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Daytona State College 1200 W. International Speedway Blvd., Daytona Beach, Florida 32114 (386) 506-3000

Daytona State College is an equal opportunity institution.

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Last updated: 2021-07-12T12:42:30.779Z