DisbursementsFinancial Aid

Credit Balance (Refunds)

Any amount of money remaining from grants, loans, outside scholarships, or certain Midland College scholarships, after institutional charges have been paid, will be disbursed to students in one of three ways:
  1. The student's personal bank account designated in My MC Portal (notification to student email via Premier Pay).

  2. Apply for a Herring Bank checking account that students can apply for through My MC Portal.

  3. If neither of the first two options are feasible, you may receive your credit balance in the form of a paper check (notification to student email via MC Cashier when check is ready for pick up).

Disbursement Dates

Academic Year 2023-24

Fall 2023

September 20, September 29, October 4, October 18, November 7, November 17, December 6, January 3

Spring 2024

February 14, February 23, February 28, March 20, April 9, April 24, May 8

Summer 2024

May 28, June 20, July 10, July 30, August 8

The disbursement dates listed above are for the traditional terms that Midland College offers. If you are in an interim or flex class, the refund dates will vary, depending on the census date. 

If your FAFSA or Midland College Direct Loan Application has not been submitted at least four to six weeks prior to the disbursement dates, you should expect to receive your refund at a later time. Midland College normally releases funds approximately every two weeks. If you have questions, contact the Financial Aid Office.

Students that do not stay enrolled in classes may be required to pay back funds disbursed. For information, view Midland College's Return to Title IV (RTT4) policy at:

RTT4 Policy


Important Notices

  • Most of our general scholarships pay towards tuition, fees and books only.
  • Any money not used is returned to the scholarship fund for other students.


Financial Aid Office

(432) 685-5511




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