2020-2021 Student Handbook

Refunds and Disbursements

The refund process does not begin each session until after the add/drop period has passed and attendance has been verified.

CF has partnered with BankMobile Disbursements (formerly Higher One), to process refund disbursements to our students.  Financial aid and tuition refunds are disbursed to CF students according to your refund preference selection.  Once the awards are posted on your account, barring any unforeseen circumstances, your refund will be sent to BankMobile Disbursements.

Students choose one of two ways to receive refunds and disbursements: 

  1. ELECTRONIC DEPOSIT TO ANOTHER ACCOUNT Money is transferred to another account the same business day BankMobile receives funds from CF.  Typically, it takes 1-2 business days for the receiving bank to credit the money to your account.
  2. ELECTRONIC DEPOSIT TO BANKMOBILE VIBE ACCOUNT If you open a BankMobile Vibe account (upon identity verification), money is deposited the same business day BankMobile receives funds from CF.

To set up your BankMobile account and refund/disbursement selection:

Log in to your student portal

Click the Finances tab

Scroll down to Refunds and Click on

If a refund is credited to your CF account, BankMobile will have it within 3 business days.

The BankMobile student support phone number is 1-877-327-9515.