Federal Direct Student Loans, grants, and scholarship refunds are made payable to the student. Financial Aid Refunds When financial aid exceeds the bill resulting in a credit balance, a refund will be generated. By Emma Kerr , Reporter Aug. 3, … College financial aid disbursement typically takes place sometime between 10 days before and 30 days after classes start. Enrollment level (¼, ½, ¾, full-time or full-time PLUS) is reviewed the end of the month and changes to FA processed the following month. Financial aid disbursement is the process by which financial aid money gets paid to the institution or person that it needs to go to. The first disbursement will be issued during the first week of the semester. Please Note: These are estimated disbursement dates. Refer to Financial Aid Disbursement Methods on the reverse for information on choosing your disbursement option. 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. At San Bernardino Valley College, the Federal Pell Grant award will be divided into two payments each semester. 2020-2021 Financial Aid Disbursement Dates *File Completion Date: Students will not need to accept their financial aid awards (except for the Direct Loan). Financial aid and scholarship awards are used to pay for your tuition, fees, and on-campus housing balance. Please visit Refunds for more information on refund disbursement methods. MSJC’s Financial Aid Office has provided the table below to help you quickly access the date your financial aid will be processed. For the most part, your financial aid money goes directly to your college. Financial Aid Disbursement Schedule. Financial Aid Disbursement Schedule and Important 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. 2020‐2021 Financial Aid Disbursement Schedule Disbursement Eligibility Table Disbursement deadline dates are subject to change WITHOUT notice. 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 files must be completed by the File Completion Date in order to have the Santiago Canyon College Financial Aid … Complete all Financial Aid … 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. Financial Aid Disbursement Dates; Disbursements made based on class start dates, attendance, enrollment level, and type of financial aid. Disbursement. 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