Disbursement

Financial Aid Disbursement Process

All financial aid funds are disbursed on scheduled dates each semester. As long as you are enrolled in an eligible program, your file is complete, and actively participating in enrolled classes you will receive a disbursement based on your enrollment level. If you are enrolled in a late start class, it will be paid when your attendance begins. Once you receive a disbursement notification email, review the disbursement schedule below for the next scheduled disbursement.

 

PELL Grant payments are paid twice in a semester:

  • Funds will be disbursed following the 1st 50% and 2nd 50% payment schedule under Federal Pell Grant
  • 50% of payment will be paid once eligibility is confirmed under the 1st 50% Federal Pell Grant payment schedule
  • The remaining 50% will be paid on the 2nd 50% payment schedule

 

FSEOG Grant payments are paid twice in a year, 1 payment per semester:

  • Funds will be disbursed following the 2nd 50% payment schedule under Federal FSEOG
  • 50% in fall semester
  • 50% in spring semester

 

Federal Direct Loans are also disbursed in two payments based on the approved loan period.

  • Funds will be disbursed following the 1st 50% and 2nd 50% Federal Direct Loan payment schedule.
  • 50% of payment will be paid once eligibility is confirmed under the 1st 50% Federal Direct Loans payment schedule
  • The remaining 50% will be paid on the 2nd 50% Federal Direct Loan payment schedule
  • All first time borrowers will be subject to a 30-day delay on their first loan disbursement. The 30-day period begins on the first day of the semester, not the loan application or approval date.

 

Cal Grant and Full-Time Incentive Grant (FTSSG) are paid twice in a year, 1 payment per semester:

  • Funds will be disbursed following the 1st 50% payment schedule under Cal Grant.
  • 50% in fall semester
  • 50% in spring semester