Loan Disbursement Dates
Students can request Fall/Winter loans or one semester loans. To confirm what you requested, and what you are awarded, you can login to Ocelot Access – Financial Aid card – click Offer Letter to view your award(s).
Excess Fall/Winter loan funds will be refunded once during the Fall semester and once during the Winter semester based on your dates of enrollment in each. Please refer to the charts below and your course dates to determine your refund dates.
Refund Dates for Fall Only loans
| Weeks | Course Dates | Refund #1 date | Refund #2 date |
|---|---|---|---|
| 15 | 8/25-12/14 | 10/3 | 10/24 |
| 1st 7 | 8/25-10/13 | 10/3 | 10/3 |
| 1st 12 | 8/25-11/17 | 10/3 | 10/17 |
| 2nd 12 | 9/16-12/14 | 10/24 | 11/7 |
| 2nd 7 | 10/21-12/14 | 11/26 | 11/26 |
| 17 | 7/21-11/13 | 8/29 | 9/26 |
| 14 | 9/2-12/14 | 10/10 | 10/31 |
| 11 | 9/8-11/21 | 10/17 | 10/24 |
Refund Dates for Winter only loans
| Weeks | Course Dates | Refund #1 date | Refund #2 date |
|---|---|---|---|
| 15 | 1/12-5/4 | 2/20 | 3/13 |
| 1st 7 | 1/12-3/2 | 2/20 | 2/20 |
| 1st 12 | 1/12-4/13 | 2/20 | 3/6 |
| 2nd 12 | 2/3-5/4 | 3/13 | 4/3 |
| 2nd 7 | 3/17-5/4 | 4/24 | 4/17 |
| 17 | 1/12-5/7 | 2/20 | 3/20 |
| 14 | 1/20-5/4 | 2/27 | 3/27 |
| 11 | 2/2-4/17 | 3/13 | 3/13 |
If you have a Winter Only loan, your loan will be split in two, listed in the Refund #1, #2 dates column.
If you do not see your course schedule listed, you can call the Office of Financial Aid at 734-462-4433 for your expected dates.
Effective beginning 9/13/2024, Schoolcraft College delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Visit this link for more information: https://disbursements.bmtx.com/refundchoices/.
*View our third-party servicer contract for refund management
Refund Dates for Spring/Summer 2025 only loans
| Weeks | Course Dates | Refund #1 Date | Refund #2 Date |
|---|---|---|---|
| 15 | 5/5-8/18 | 6/13 | 7/3 |
| 1st 7 | 5/5-6/23 | 6/13 | 6/13 |
| 2nd 7 | 6/17-8/5 | 7/25 | 7/25 |
| 1st 12 | 5/5-7/28 | 6/13 | 6/27 |
| 2nd 12 | 5/27-8/18 | 7/4 | 7/18 |
| Summer Only | 6/30-8/17 | 8/8 | 8/8 |
| 1st 7 & Summer | 5/5-8/17 | 6/13 | 7/3 |
| 1st 7 and 2nd 7 (Spring) | 5/5-8/5 | 6/13 | 6/27 |
*2/20/2026 is when Winter semester refunds begin to go out. Your actual date will be determined by your Winter enrollment.