When does my money arrive?
Your award letter will include a Financial Aid Disbursement Date. This is the date, typically the first day of the quarter, when your financial aid
funds are "disbursed," which means they are deposited into your student account at
This money will be applied first to any outstanding charges that you owe to the college. The remaining money will then be “refunded” to you through BankMobile. For more information about BankMobile, visit this link: https://bankmobiledisbursements.com/refundchoices/.
To view our institution's contract with BankMobile, a Division of Customers Bank, click here.
Upcoming Refund Dates
Here are the upcoming major refund dates for Fall 2020. Funds will be available via your selected refund preference with BankMobile.
Friday, September 25th, 2020
Friday, November 6th, 2020
Direct Loan first-time borrowers will see a 30-day delay in the release of their first loan disbursement. The refund will be issued the week after that 30-day period. Students with a 30-day delay will receive their refund on Friday, October 30th, 2020.
Direct Loans, Cal Grants and Student Success Grants will be disbursed the first Tuesday after the add/drop(census date) period ends. Funds will be available from BankMobile or your bank within 14 days after that date. For the Fall quarter, that is Tuesday, October 13th, with the refund expected on Friday, October 23rd.
Some things to remember
Funds are generally “disbursed” to your student account on a Monday and “refunded” the following Friday. In order for this to occur
You must be approved for and awarded Financial Aid.
You must be enrolled in the required number of units at least one week before the quarter starts.
If you have not received your refund on the scheduled date, please check your Satisfactory Academic Progress status on MyPortal, under the Financial Aid tab.
Adjustments or reverse disbursements may occur if you increase or reduce the number of units in which you are enrolled, or if you are subject to a “Return of Title IV” repayment.
If you are getting a grant: The amount of grant money you receive will be determined by your Expected Family Contribution and your enrollment status – either full-time (12 or more units), three-quarter time (nine to 11.5 units), half-time (six to 8.5 units) or less than half-time (less than six units).
If you are getting a loan: You must be enrolled in at least six units to receive loan funds.
For more information: Visit the Federal Student Aid website.