Refund Information

Regular Refunds* are amounts due to the student after disbursement credits are transmitted and outstanding charges are deducted. Refund amounts are transmitted to Higher One Bank. Students have a choice of opening a Higher One Bank account for fastest access to their refund OR having their refund transmitted via ACH to their own bank account, which usually takes a day or two extra. Students choosing neither will receive a paper check after 21 days.

*Regular Refunds occur when:

• application is completed prior to start of term, including loan requirements
• enrolled in required number of units at least one week prior to the start of term
• not subject to disqualification
• have no holds
• when regular refunds cannot be made, interim refunds are made weekly

Disbursement Adjustments/ Reverse disbursements occur when students reduce the number of units they are enrolled in.

Pell Grant

• Summer 2012: July 6, 2012
  
• Fall 2012: September 28 and November 9, 2012
  
• Winter 2013: January 11 and February 22, 2013
  
• Spring 2013: April 12 and May 24, 2013
  

SEOG, Americorps, Scholarships*

• Fall 2012: November 9, 2012
  
• Winter 2013: February 22, 2013
  
• Spring 2013: May 24, 2013

*Some scholarship refunds may vary upon the request of donor, upon transfer etc.

Cal Grant & Direct Loans (unless subject to 30-day delay*)

• Fall 2012: September 28, 2012
  
• Winter 2013: January 11, 2013
  
• Spring 2013: April 12, 2013

*For Direct Loan first time borrowers there is a 30-day delay in the release of a first loan disbursement. The refund will be issued the week after the 30-day delay has passed.

Work Study

• Monthly: on the 15th of the month after the time sheet is approved