Your Refund Options

You have three options to select how you wish to receive your financial aid refund disbursement. Your selection is called your "refund preference" – keep in mind that you must choose one.

Carefully read through all of the information for each option and make the selection that is best for you. You can update your refund preference at any time by visiting www.clarkdebitcard.com

1.  OneAccount
The OneAccount is a checking account that you open with HigherOne and is linked to your Clark Debit Card. With the OneAccount you can use your Clark Debit Card for purchases anywhere that Debit MasterCard is accepted.

If you choose this option, your refund disbursement is available the following business day after Clark College sends the funds to HigherOne. This is the first day of each quarter for students that have an active award, are in good academic standing and finalized their class schedule one week prior to the quarter start date.

There may be fees associate with the OneAccount, including PIN based transaction fees. Use the "swipe and sign" method when making purchases: swipe your card, select the "credit" option and sign your receipt. Review the HigherOne Fee Schedules to learn more about potential fees associated with the OneAccount and its services.

You are not required to select the OneAccount to receive your financial aid refund. You only have to open the OneAccount if you wish to have your refund on your Clark Debit Card.

2.  Transfer to Your Existing Checking Account
You may request to electronically deposit your financial aid refund disbursement to your existing bank account. Visit www.clarkdebitcard.com when you receive the card and select Automated Clearinghouse (ACH) Transfer during the card activation process. There is no charge for receiving your refund this way. You will have to complete, print and send (by mail or fax) an ACH Transfer form to HigherOne.

If you choose this option, your refund will be deposited in your bank account within 2-3 business days after Clark College sends the funds to HigherOne.

3.  Paper Check
You may request to have your financial aid refund disbursement issued in a paper check. Visit www.clarkdebitcard.com when you receive the card and select paper check during the activation process.

Checks are mailed by HigherOne to your address on file at Clark College 5-7 business days after Clark College sends the funds to HigherOne.

There is no charge for receiving your refund this way, although this will add 5 or more business days to receive the refund check.