Refund of Tuition and Fees
Students who officially withdraw from college or drop classes before the first calendar week of a regular term will be refunded all tuition and fees, including first-time enrollment, college services, program, and course fees. Students who withdraw from college or drop classes during the first week of a regular term will be refunded all tuition and fees except the first-time enrollment fee. Students who withdraw from college or drop classes during the second week of a regular term will be refunded fifty percent of tuition as well as fifty percent of program and course fees; neither college services fees nor the first-time enrollment fee will be refunded. Even if a student adds a class in place of the one that is dropped, no fees will be refunded on the dropped class. Students who withdraw from or drop classes after the second week of a regular term will not be refunded any tuition or fees.
Iowa Western Community College partners with BankMobile to offer it’s students refund options for Financial Aid, Loan, Grant, Scholarship and other student account reimbursements.
BankMobile offers 2 types of refund preferences:
- DEPOSIT TO AN EXISTING ACCOUNT - ACH (Wire Transfer) to your own existing bank account.
- DEPOSIT TO A BANKMOBILE VIBE CHECKING ACCOUNT - Electronic deposit to a BankMobile-ReiverVibeCard-Debit MasterCard account. IDENTITY VERIFICATION REQUIRED
All new students who are enrolled in 6 or more credit hours, should receive a BankMobile Refund Selection Kit during their first week of class or before. *Please let us know of any mailing address changes. This kit will contain a ‘Personal Code’ that will allow the student to activate his/her BankMobile account and select a refund preference. The kit will arrive in a green/white envelope. Students will log onto www.ReiverCard.com to activate their account and select a refund preference.
*If no refund preference is chosen, after 21 days, BankMobile will mail a paper check to the most recent address they have on file for the student. Returning students will not receive another ‘Refund Selection Kit’. Returning students should be able to log into their original BankMobile-ReiverCard accounts.
Returning students must make any mailing address changes/updates with BankMobile and with IWCC. BankMobile only receives your initial enrollment mailing address information from IWCC.
For more information about your refund choices, BankMobile or the ReiverVibeCard, please visit https://bankmobiledisbursements.com/how-it-works/ .
Please contact the Business Office, at [email protected] or call (712) 325-3213, if you have not received your Refund Selection Kit or if you need another ‘Personal Code’.
*High School students are excluded from BankMobile offers.
*View our institution's contract with BankMobile, a Division of Customer Bank.
Return of Federal Financial Aid Funds
Students who receive Title IV financial aid (Federal Pell Grant, Academic Competitive Grant, Federal Supplemental Educational Opportunity Grant, and Federal Direct loans) are subject to federal return of Title IV funds statutes. These regulations apply to recipients of Title IV financial aid who completely withdraw from college or who stop attending all classes during the enrollment period. The College must determine the amount of Title IV financial aid the student earned and return the unearned aid to the respective federal financial aid programs. Unearned aid will be returned to the federal programs in the following order: Loans (Federal Unsubsidized Loans, Federal Subsidized Loans, and Federal PLUS Loans), Grants (Federal Pell Grant, Academic Competitiveness Grant, and Federal Supplemental Educational Opportunity Grant), and then other Title IV funds. The College must return the funds as soon as possible but must do so no later than 45 days after the College determines the withdrawal date or last date of attendance.
If a student officially withdraws from the college prior to completing 60% of the semester, financial aid awards will be adjusted accordingly and unearned aid will be returned to the appropriate federal financial aid program. If a student officially withdraws from the college after completing 60% or more of the semester, no financial aid adjustment or return of funds is necessary. The percent of the semester completed is based on calendar days from the first day of the semester through the last scheduled day of finals. This includes weekends and mid-semester breaks of less than five days. Students who do not go through the official withdrawal process will be treated as having attended through the midpoint of the semester, unless the last day of attendance can be documented.