Federal Direct Student Loans, grants, and scholarship refunds are made payable to the student. Complete all Financial Aid … For the most part, your financial aid money goes directly to your college. When you’ve made the decision to attend college, the last thing you want to worry about is when you will receive your financial aid and any available refunds. Please visit Refunds for more information on refund disbursement methods. Refer to Financial Aid Disbursement Methods on the reverse for information on choosing your disbursement option. Financial aid and scholarship awards are used to pay for your tuition, fees, and on-campus housing balance. 2020-2021 Financial Aid Disbursement Dates *File Completion Date: Students will not need to accept their financial aid awards (except for the Direct Loan). MSJC’s Financial Aid Office has provided the table below to help you quickly access the date your financial aid will be processed. Return of Financial Aid Funds Due to Withdrawal You may be required to repay federal aid if you withdraw before completing 60% of the course length. The first disbursement will be issued during the first week of the semester. Some forms of financial aid (like work-study funds) go directly to you. At San Bernardino Valley College, the Federal Pell Grant award will be divided into two payments each semester. Disbursement. receive Direct Loan disbursements. Financial Aid Disbursement Schedule. Financial aid disbursement is the process by which financial aid money gets paid to the institution or person that it needs to go to. 2020‐2021 Financial Aid Disbursement Schedule Disbursement Eligibility Table Disbursement deadline dates are subject to change WITHOUT notice. Only students who have submitted the necessary documentation, meet all financial aid eligibility requirements, and are active in classes will receive disbursements as outlined in the above schedule. Federal aid cannot pay the following charges: Installment Plan, Short Term Loan Origination, Memorial Loan, Late Payment, Default, Excess Hours Tuition, or Repeat Course. Financial Aid Disbursement Dates; Disbursements made based on class start dates, attendance, enrollment level, and type of financial aid. Federal grants and loans; Scholarships; More Information About Your Financial Aid Disbursement: Flex Entry Courses. Financial Aid Disbursement Schedule and Important Dates. Please Note: These are estimated disbursement dates. Here are the steps to begin your federal student aid process: Step 1: Complete your Free Application for Federal Student Aid (FAFSA) www.fafsa.ed.gov. College financial aid disbursement typically takes place sometime between 10 days before and 30 days after classes start. Disbursement schedule. 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