Financial Aid Disbursement Information

An enrollment email will be sent to all students who may receive a financial aid disbursement. These students are required to log into and select a preference to receive these funds. There are two options to choose from:

  • NICPAY Card - Click for more informationNICPAY Card (Money Network MasterCard) or
  • ACH direct deposit to a bank account.

The choice is yours but you must make one.

The most important thing: Make a choice before disbursement!

Blackboard Refunding Contract
Cash Management Report

  • Disbursement Dates

    • Fall 2017 Financial Aid 1st Disbursement will be transmitted to NICPAY Card on September 8.
      Fall 2017 Financial Aid 2nd Disbursement will be transmitted to NICPAY Card on November 3.
    • Spring 2018 Financial Aid 1st Disbursement will be transmitted to NICPAY Card on January 26.
      Spring 2018 Financial Aid 2nd Disbursement will be transmitted to NICPAY Card on March 23.
    • Summer 2017 Financial Aid 1st Disbursement will be transmitted to NICPAY Card on June 16.
      Summer 2017 Financial Aid 2nd Disbursement will be transmitted to NICPAY Card on July 14.
  • Refund Methods

    • Direct Deposit - an electronic transfer of you refund into your personal checking or savings account.
      In most cases funds are available in 1-2 business days. Have your account number and routing number available when you enroll with Money Network.

    • NICPay MasterCard

    • Paper Check - if you do not select a refund method, a check will be mailed to the address on file at NIC.
  • Choosing a Refunding Method

    If you are eligible for a refund, you have the option of choosing how you would like to receive your money. Make sure you have all the necessary information. You will need the following:

    1. Your NIC Student ID
    2. Your Date of Birth
    3. Your Cardinal Mail email address

    If you do not have your NIC student ID or email address, please contact Student Accounts.

    Choose by enrolling at the Money Network website. Select “Enroll Now”, verify your identity, and follow the instructions.

    Enroll Now

  • Refunds FAQ

    Tuition and Fee Refunds for Dropped Classes

    What if I drop one or more classes before the close of business on the 100% refund date of the semester for which I'm registered?
    You will receive a 100 percent refund of the tuition and fees charged.

    If you withdraw from one or more classes after the close of business on 100% refund date in any semester for which you are registered, you will be billed the full cost of those classes and not receive a refund.

    Financial Aid Refunds

    Financial aid funds are used first to pay direct institutional costs (tuition, fees, and other institutional charges). If your financial aid funds exceed the amount owed to NIC for tuition, fees, and other institutional charges you will receive a refund.

    After I sign up, do I have to sign up every term?
    No. Your refund choice will apply to all future refunds. You can change your refund method as often as you like, but be sure to allow at least one week for the change to be processed.

    For help signing up, to change from an electronic refund method to a paper check or if you do not receive your funds, please call (800) 822-4283 or find more information at

    Direct Deposit

    Can I use my debit card number to set up direct deposit?
    No. You must use your bank account and routing number printed on the bottom of your check. If you enter your debit card number, your deposit will be rejected.

    What happens if I entered my account number incorrectly?
    The bank will check to make sure the account number is valid, but they do not verify that the bank account you entered belongs to you!

    • If you entered a valid account number that belongs to someone else, the deposit will go to that account. We can try to recover the funds, but there is no guarantee.
    • If you entered an invalid account number, the deposit will be returned and an attempt will be made to contact you.
  • Contact Information

  • Manage NICPay Account

  • Changing Refund Preferences

    Contacting Money Network Customer Service

    Call 1-800-822-4283
    Students will be asked to select:

    • 1 - for English
    • 2 - for Spanish

    The next menu will ask the student to select one of 4 options:

    • 1 – See the Balance or Activate a Card
    • 2 – All Card Account Info or Customer Service
    • 3 - Lost or Stolen Card
    • 4 - ACH Direct Deposit or Check

    If the student has a card, then they will enter the 16 digit card/account number once a selection has been made and can access all account information, make changes as needed, and talk with a customer service representative.

    If a student does not have a card, then the logical option would be to choose option 4. When option 4 is selected, the student will hear a recording telling them to go to to access their refund preference information. Then the system automatically hangs up.

    If the student does not have a card and wants to actually talk with a person, then he/she will have to select option 2. At this point the system will ask for the 16 digit card number. If the student enters 0 and then presses the # button, the system will then say that the account was not found and to re-enter the account number. Once the student goes through this 3 times, the system will automatically transfer the student to a live Money Network agent.

    Change Preference

    If a student would like to change or view his/her refund preference online:

    • Go to
    • Click enroll button
    • Click Next
    • Enter Student ID (including preceding zeros)
    • Birthdate (MM/DD/YYY)
    • Enter Cardinal Mail email address
    • The next screen will have the student generate a token. This token will be a series of letters and numbers. The token will be sent to the student’s NIC email. The student should not exit out of the Money Network website, but should go to his/her Cardinal Mail and get the token. Enter or copy/paste the token in the field on the Money Network website and hit enter.
    • Then the student will be taken to a screen where he/she can check the refund preference information and update it or change it if necessary.