Direct Deposit

Direct deposit is now available through BankMobile Disbursements for all student refunds*. Direct Deposit is safe, secure and confidential. With direct deposit, there is no threat of theft or potential for your check to get lost in the mail. If you choose direct deposit as your method of refund you will receive your refund sooner, typically within 2 days of issue.

Schoolcraft College has partnered with BMTX (BankMobile Disbursements), a Tier 1 Refund Service Provider under Title IV as regulated by the Department of Education. All students, aged 16 and older will need to make a refund selection with BankMobile Disbursements whether eligible for a refund now or in the future (direct deposit information updated in Ocelot Access will not automatically transfer to BankMobile Disbursements).

Questions about making a refund selection? Contact BankMobile Disbursements at 877-327-9515 or Refund Selection. You can also visit Refund Choices – BankMobile Disbursements (bmtx.com) to make your selection, and get additional information from the FAQ database.

*Not all students who receive financial aid are guaranteed a refund.