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BM Technology Honors SOWELA with Prestigious 2021 ACE Award


Award Recognizes Bankmobile Disbursements Partner Colleges and Universities That Achieve Campus Efficiency (ACE), Security and Student Service

(Lake Charles, Louisiana – January 18, 2022)

M Technologies, Inc., one of the largest digital banking platforms in the country, announced SOWELA as a recipient of its fifth annual ACE Award, which is awarded to BankMobile Disbursements partner colleges and universities that Achieve Campus Efficiency (ACE). The mission of BankMobile Disbursements is to help foster the success of higher education institutions and the students they serve by disbursing essential student refunds in a secure, efficient and cost-effective manner.

The prestigious award given to SOWELA recognizes the Lake Charles-based institution’s excellence in helping students quickly and securely receive their designated refunds, which are essential in supporting students’ financial wellbeing during the 2021-2022 school year.

“BankMobile Disbursements helps our partners effectively and securely disburse refunds,” said Luvleen Sidhu, Chair, CEO and Founder of BM Technologies. “In a year where society has been faced with unprecedented economic and financial challenges, we are especially honored to recognize all 194 institutions that received our 2021 ACE Award, and proud to see a growing number of institutions utilizing our platform to help students achieve financial security and stability while pursuing their education.”

The criteria of the award include:

  • At least 90% of all refunds during the period January 1 – November 1, 2021 are disbursed electronically
  • At least 40% of all students, regardless of financial aid eligibility, complete the refund selection process

“It’s an honor for SOWELA to receive the 2021 ACE Award. Our Student Accounts and Enrollment Management teams at SOWELA are proud to have been able to distribute more than 90% of students’ refunds electronically. We’re committed to getting that percentage even higher in 2022 and hopefully earning another ACE Award.”

SOWELA offers more than 30 technical and academic programs including Practical Nursing, Machine Tool Technology, Culinary Arts, Drafting and Design Technology, Surgical Technology, Accounting Technology and Forest Technology.

SOWELA was recently named WalletHub’s (opens new window) #1 community college in Louisiana for the fourth straight year and nationally recognized as a Great College to Work For. SOWELA is also ranked #36 on the “Top 100 Community Colleges in America” by Stacker.

For more information or to apply online, visit this page. Anyone needing additional assistance can contact onestop@sowela.edu for more information.

About SOWELA Technical Community College

SOWELA Technical Community College provides traditional, distance, and lifelong learning experiences and awards associate degrees, technical diplomas, and certificates. The College empowers learners in career and technical education and enables transfer students to pursue a four-year degree, so all learners excel as globally competitive citizens. The College has been educating the region’s workforce for 80 years.