Refunds/Disbursements

eRefunds PLUS
eRefunds PLUS is a service that allows students to set up a designated bank account to receive disbursement or refund checks electronically through direct deposit. Direct deposit is the fastest and most secure way for students to receive their refunds.  NIC students will have full control of their refund profile to add, delete, or change the bank accounts as they see fit.  NIC cannot access any personal bank information that the student inputs to set up their refund preference.

Student account balance refunds are issued electronically from NIC through ECSI. Students who do not set up direct deposit will be mailed a paper check to the student's address on file with the college. Check delivery can take up to 21 days from the date of disbursement.  

Benefits of eRefunds PLUS:

eRefunds PLUS is easy, fast, and convenient for students.  They will set up a secure, online refund profile (bank account to receive disbursements); receive emails when a distribution is pending and notification emails when a deposit has been made.

Sounds good, what's next?
The first and very important step is to ensure that each student's profile in MyNIC has a phone number, address, and birth date.  This information is necessary for identity verification and disbursement or refund preference selection.

Next steps:

1. Students should have their nine digit bank routing number and their bank account number available.
2. Log into your MyNIC Self Service Student Finance portal.
3. After you have clicked on the financial responsibility consent, you will have a pop-up screen that will prompt you to make a refund selection. This pop-up prompt will continue to remind you each time you log in until you choose your preference.
4. Enter and confirm the bank account information to set up which account you would like the refund deposited to.

NOTICE:
Dual credit students will be mailed a check for any refunds, to the address that is on file with the college.

Parent borrowers of Federal Direct PLUS Loans who do not sign the authorization to release funds to their student will be issued a paper check by NIC for excess Parent PLUS Loan funds.