Unclaimed Financial Aid Funds

Unclaimed Financial Aid Funds

The unclaimed award funds reporting policy for CPCC’s Financial Aid Office is to identify, capture, report and remit all due unclaimed funds, where we have been unsuccessful in locating the student, and ensure compliance with the laws of the State of North Carolina and the Department of Education (federal laws). Students who do not activate their BankMobile account or who have never made a refund selection, or who have not cashed a refund check, will have their funds voided and returned to the appropriate agency within 90 days. If your voided funds are North Carolina grants, by law, these funds are escheated, or turned over to the Department of State Treasurer. You can check the State Treasurer’s website to claim these funds: https://www.nctreasurer.com/Claim-Your-Cash/Claim-Your-NC_Cash/Pages/Search.aspx. If your unclaimed funds are federal, such as awards from Federal Student Aid (FSA), the funds will be returned to the Department of Education within ninety days. Funds from prior award years cannot be reissued.

It is important to keep student addresses, telephone numbers and email addresses updated. Changes in personal information can be made online at mycollege.cpcc.edu or in person at Records and Registration at any campus location.

Any unclaimed refunds are voided after 90 days. Funds can be reissued only BEFORE August 1 for the prior fiscal year award (July 1 to June 30).