Once an aid offer has been packaged and accepted, your aid offer will be credited to your account to cover any expenses on your CSI account. If there is an excess of funds after paying your account, you will receive a refund via BankMoble Disbursements.
Charges, refunds, and credits can all be viewed in your MyCSI account under Finances and Payments and Statements.
Refunds can take from 1-2 business days after your student account has been credited (disbursed) to receive, depending on your preferred refund option. All financial aid refunds are delivered through the BankMobile Disbursements refund process.
Paying for classes - CSI will apply all accepted financial aid and scholarships awards automatically towards tuition and fees, room, and board.
Paying for books and supplies - Any additional financial aid on your account, after tuition, fees, room, and board, can be used to pay for books and supplies in the CSI bookstore. Charging against your financial aid is available in the CSI bookstore the week before the start of school and will be available through the first week of classes.
Disbursement is the crediting of federal financial aid and scholarship funds to your CSI account. For this to occur CSI must confirm attendance of your courses during the first week of classes before releasing the funds.
*Note* Aid offers are based on the number of required credits enrolled in at 8:00am on Monday after the second week of classes. If students increase their course load after disbursement, they will be responsible for any additional tuition and fees. Be sure aid offers have been accepted or declined in Net Partner and all documents marked as received for funds to be credited to your account.
If the total financial aid and scholarship credit exceed your total charges, a refund will be issued to you. CSI delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Visit this link for more information: https://bankmobiledisbursements.com/refundchoices/.
If you did not receive a refund selection packet, please contact the CSI Business office or Enrollment Services.
*Note* Refunds will occur 1-2 business days after the funds have disbursed depending on your selected refund preference with BankMobile Disbursements.
Direct Loan First-Time Borrowers - Must complete entrance counseling and their master promissory note (MPN) for funds to disburse. If this is your first-time attending college your loan will not be disbursed until 30 days after the start of the semester.
Parent PLUS Loans - Students / Parents have the right to cancel all or a portion of their PLUS loan(s) disbursed to them within 14 days from the disbursement date. They must return the funds to Eagle Central within 10 days of disbursement to allow for the processing of the loan return.
Returning Direct Loans - Students have the right to cancel all or a portion of their student loan(s) disbursed to them within 14 days from the disbursement date. They must return the funds to Eagle Central within 10 days of disbursement to allow for the processing of the loan return.
CSI can apply excess Federal Financial Aid funds towards other educationally related charges from a previous academic year. The amount cannot exceed $200.
*Note* These charges may include traffic/parking fines, childcare fees, library fines, late fees, reinstatement fees, and returned check charges, etc. Students can fill out an Authorization for the Deduction of Miscellaneous Charges form to have miscellaneous charges deducted from their Federal Financial Aid.