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Financial Aid Disbursement Schedule and Important Dates

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. MSJC’s Financial Aid Office has provided the table below to help you quickly access the date your financial aid will be processed. Below the table, you will find information on MSJC’s partnership with BankMobile to process any available refunds. Please review the information below and contact the Financial Aid office or BankMobile with any questions relating to the disbursement of your financial aid funding. 

2019-2020 Academic Year Disbursement Schedule

Fall 2019 Financial Aid Disbursement Schedule

Files Awarded By

Date Funds Processed

Please review the repayment policy before dropping any classes

Aug. 9

Aug. 16 (Fri) 

Major Grant Disbursement: First 1/3 of Pell and all SEOG, if eligible to receive

Aug. 23

Sept. 3 (Tues)

Supplemental Disbursement: First 1/3 of Pell and all SEOG, if eligible to receive

Sept. 6

Sept. 16

Supplemental Disbursement: First 1/3 of Pell and all SEOG, if eligible to receive​​

Sept. 20

Sept. 30 

Major Grant Disbursement: Second 1/3 of Pell, 100% Cal Grant, and 100% SEOG, if eligible to receive

Oct. 4

Oct. 14

​Supplemental Disbursement: 2/3 of Pell, 100% SEOG and Cal Grant, if eligible to receive

Oct. 18 

Oct. 28

Supplemental Disbursement: 2/3 of Pell, 100% SEOG and Cal Grant, if eligible to receive​

Nov. 1 

Nov. 12 (Tues)

Major Grant Disbursement: Balance of Pell, SEOG and Cal Grant, if eligible to receive  

Nov. 15

Nov. 25

Supplemental Disbursement: 100% of Pell, SEOG and Cal Grant, if eligible to receive

Nov. 29 

Dec. 9

Supplemental Disbursement: 100% of Pell, SEOG and Cal Grant, if eligible to receive

Dec. 13

Dec. 20

(Fri) 

Supplemental Disbursement: 100% of Pell, SEOG and Cal Grant, if eligible to receive

Jan. 3

Jan. 13

​Supplemental Disbursement: 100% of Pell, SEOG and Cal Grant, if eligible to receive

 

Spring 2020 Financial Aid Disbursement Schedule

Files Awarded By

Date Funds Processed

Please review the repayment policy before dropping any classes

Jan. 10 

Jan. 17 (Fri) 

Major Grant Disbursement: First 1/3 of Pell and all SEOG, if eligible to receive

Jan. 24

Feb. 3

Supplemental Disbursement: First 1/3 of Pell and all SEOG, if eligible to receive

Feb. 7

Feb. 18 (Tues) 

Supplemental Disbursement: First 1/3 of Pell and all SEOG, if eligible to receive

Feb. 21

Mar. 2 

Major Grant Disbursement: Second 1/3 of Pell, 100% Cal Grant, and 100% SEOG, if eligible to receive

Mar. 6

Mar. 16

​Supplemental Disbursement: 2/3 of Pell, 100% SEOG and 100% Cal Grant, if eligible to receive

Mar. 20 

Mar. 30

Supplemental Disbursement: 2/3 of Pell, 100% SEOG and 100% Cal Grant, if eligible to receive

Apr. 3

Apr. 13

Major Grant Disbursement: Balance of Pell, SEOG and Cal Grant, if eligible to receive  

Apr. 17

Apr. 27

Supplemental Disbursement: 100% of Pell, SEOG and Cal Grant, if eligible to receive

May 1

May 11

Supplemental Disbursement: 100% of Pell, SEOG and Cal Grant, if eligible to receive

May 15

May 26 (Tues) 

Supplemental Disbursement: 100% of Pell, SEOG and Cal Grant, if eligible to receive

June 5

June 15 

​Supplemental Disbursement: 100% of Pell, SEOG and Cal Grant, if eligible to receive

June 19

June 29

Supplemental Disbursement: 100% of Pell, SEOG and Cal Grant, if eligible to receive

Any classes added to your enrollment record after the "Files Awarded By Date" are included in the second 1/3 or balance. A Late Start class must begin on or before the “Files Awarded by Date” for the units to be included in the first disbursement. If the class begins after the date listed, your funds are included in the second 1/3 or balance. Supplemental disbursements are provided if you have not received any funds during the major grant disbursement dates. 

If you have been awarded a federal Pell Grant, are a new or returning student to MSJC and did not attend the previous term, the Financial Aid Office will need to place a hold on your financial aid record for 7 days while it contacts the Department of Education to verify that you have not received financial aid from another school prior to disbursing any funds.  

Award letters provide the maximum amount of funds available to you and are based on full-time enrollment status. If you are enrolled less than full-time, your disbursement will be adjusted in accordance with federal regulations based on your current enrollment status. The disbursement amounts allowed are available in the table below. 

​​Enrollment

​​Title IV Units Required

​​Eligibility

​​Full-Time

12 or more units

​100% of award letter amount for the semester

​Three-Quarter Time

​ 9 - 11.5

​75% of award letter amount for the semester

​Half-Time 

​6 - 8.5

​50% of award letter amount for the semester

​Less Than Half-Time

1 - 5.5

​​Eligibility varies

 

MSJC and BankMobile
MSJC has partnered with BankMobile to deliver your financial aid awards. This partnership and process is your key to faster financial aid disbursements and refunds.

When you receive the green envelope below, follow the following steps to make your refund preference choices. 

  1. Visit RefundSelection.com
  2. Enter your Personal Code
  3. Select how you'd like to receive your money

You will be provided with three options for receiving your financial aid awards:

  • Electronic Deposit to Another Account 
  • If you’d like your money transferred to your personal account, BankMobile will transfer the funds the same day it receives them from MSJC. Your bank may choose to hold the funds 1-2 business days before crediting them to your account.
  • Electronic Deposit to a BankMobile Vibe Account 
  • The only way to get your refund immediately is to open a BankMobile Vibe account. Once your identity is verified, you will be able to access your refund the same day BankMobile receives the funds from MSJC. 
  • Paper Check Delivery by USPS 
  • When BankMobile receives funds from MSJC, it will mail a check to you the same day, provided the money is received within daily cutoff times. You can expect your check to arrive in 5-7 business days, depending on USPS First-Class delivery timeframes.

Check the status of your financial aid disbursement
To check the status of your financial aid disbursement status, visit bankmobiledisbursements.com.

Questions about BankMobile

If you have any questions or concerns about BankMobile, visit the BankMobile customer help page. To view the required disclosures and contract with BankMobile, a Division of Customer Bank, click here​.