TMCC

Accounting Services

Disbursement Guidelines

Refund Guidelines

Refund guidelines ensure the timely and responsive delivery of student account refunds resulting from a direct payment on a student's account by cash, check or credit card that exceeds the total charges on the account. Note: these guidelines do not apply to financial aid students (see below).

Refund of credit balances exceeding one dollar ($1.00) will be processed automatically, after the third week of instruction. Refunds are either:

  • credited back to the credit card that the original payment was made with;
  • issued by check (sent to the student's address as posted at MyTMCC's Student Center);
  • or, by direct deposit.

Errors

On rare occasions, errors are made on refund checks. The college has the right to reclaim these funds. In this case, a stop payment will be placed on the check, and the student will be notified. If the check has already been cashed, a written request will be made requesting the return of funds. If repayment is not received within 30 days, collection efforts will start.

Financial Aid Refund Disbursement Guidelines

Financial aid disbursement guidelines are established to ensure the timely and responsive delivery of a student account credit balance resulting from a financial aid disbursement on a student's account which exceeds total charges on the account.

These guidelines apply only to financial aid students. The disbursement of financial aid funds is first applied to a student's tuition and fees, with any remaining credit balance issued to the student either by check or direct deposit.

Financial aid refunds are processed once a week. No financial aid funds will be disbursed to a student's account before the published disbursement dates (posted online at MyTMCC Student Center).

Errors

On rare occasions, errors are made on financial aid check disbursements. The college has the right to reclaim these funds. In this case, a stop payment will be placed on the check, and the student will be notified. If the check has already been cashed, a written request will be made requesting the return of funds. If repayment is not received within 30 days, collection efforts will start.

See Also: TMCC's Refund Policy

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EDSN 112, IGT Applied Technology Center