Financial Aid Disbursement Schedule and Important Dates
MSJC’s Financial Aid Office aims to ensure that students are equipped with the tools and resources necessary in successfully navigating their academic journeys. Please see the table below for a list of important dates to be mindful of to ensure on time completion of all financial aid requirements:
MSJC and BankMobile Disbursements
MSJC delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Visit this link for more information: https://bankmobiledisbursements.com/refundchoices/. If you have a BankMobile Disbursements profile at another school, that profile is not valid at MSJC, you will need to create a profile with BankMobile Disbursements for MSJC.
To view our third-party servicer contract for refund management, click here.
Important Dates
Dates | Action |
---|---|
NOW |
Submit your FREE Federal Student Aid (FAFSA) or California Dream Act (CADAA) Application 2023-2024 |
April 14, 2023 | Last day to submit 2022-2023 Family Contribution Appeal |
May 17, 2023 | Deadline to submit Spring 2023 verification documents |
July 13, 2023 | Deadline to submit Summer 2023 SAP Appeal |
November 16, 2023 | Deadline to submit Fall 2023 SAP Appeal |
December 2023 | Submit your FREE Federal Student Aid (FAFSA) or California Dream Act (CADAA) Application 2024-2025 |
March 2, 2024 | 2024-2025 Financial Aid Application Priority Deadline |
April 18, 2024 | Last day to submit SAP Appeal for Spring 2024 |
April 18, 2024 | Last day to submit Family Contribution Appeal for Spring 2024 |
The table below will help you quickly access the date your financial aid will be processed. Please review this information and contact the Financial Aid office with any questions relating to the disbursement of your financial aid funding.
2023-2024 Academic Year Disbursement Schedule
Fall 2023 Financial Aid Disbursement Schedule
Files Awarded by | Disbursement Date | Please review the repayment policy before dropping any classes |
---|---|---|
Friday Aug 11 | Monday Aug 21 | 1st Major Disbursement |
Friday Aug 18 |
NA |
Scholarships will be processed |
Friday Aug 25 | Wednesday Sept 6 | Supplemental Disbursement |
Friday Sept 1 | NA | Scholarships will be processed |
Friday Sept 8 | Wednesday Sept 20 | State Aid: Cal Grant & SSCG Disbursement |
Friday Sept 15 |
NA |
Scholarships will be processed |
Friday Sept 22 | Wednesday Oct 4 | Supplemental Disbursement |
Friday Oct 6 | NA | Scholarships will be processed |
Friday Oct 13 | Wednesday Oct 25 | 2nd Major Disbursement |
Friday Oct 27 | NA | Scholarships will be processed |
Friday Nov 3 | Wednesday Nov 15 | Supplemental Disbursement |
Friday Nov 10 | NA | Scholarships will be processed |
Friday Nov 17 | Wednesday Nov 29 | Supplemental Disbursement |
Friday Dec 1 | NA | Scholarships will be processed |
Friday Dec 8 | Wednesday Dec 20 | Supplemental Disbursement |
Spring 2024 Financial Aid Disbursement Schedule
Files Awarded by | Disbursement Date | Please review repayment policy before dropping any classes |
---|---|---|
Friday Jan 12 | Monday Jan 22 | 1st Major Disbursement |
Friday Jan 19 | NA | Scholarships will be processed |
Friday Jan 26 | Wednesday Feb 7 | Supplemental Disbursement |
Friday Feb 2 | NA | Scholarships will be processed |
Friday Feb 9 |
Wednesday Feb 21 | Supplemental Disbursement |
Friday Feb 16 | NA | Scholarships will be processed |
Friday Feb 23 | Wednesday Mar 6 | Supplemental Disbursement |
Friday Mar 1 | NA | Scholarships will be processed |
Friday Mar 15 | Wednesday Mar 27 | 2nd Major Disbursement |
Friday April 12 | Wednesday April 24 | Supplemental Disbursement |
Friday May 3 | NA | Scholarships will be processed |
Friday May 10 | Wednesday May 22 | Supplemental Disbursement |
Additional Information about Your Disbursement
The California College Promise Grant (CCPG) is a financial resource available to help
you meet your educational expenses and may appear on your award letter. This is not
cash award. If you have already paid your fees, you may be eligible for a refund.
You must contact Enrollment Services to see if you are eligible for refund.
Financial aid funds are generally not available at the beginning of each semester. Disbursements usually begin approximately 1 week after classes begin. However, not all students will receive funds on every disbursement date. Disbursement dates are determined based on the student’s FAFSA/CADAA completion date, the date all required tasks are completed, student enrollment status and eligibility status. Students are encouraged to be prepared to pay for books and supplies out of their own resources.
Any grants you are eligible for are automatically accepted on your behalf. As a condition of receipt of any federal or state financial aid funds, you agree and accept the Terms and Conditions. If you wish to decline any funds, please contact the financial aid office.
Pell Grants are disbursed in two equal payments, highlighted as major disbursements on the schedule for each term. Supplemental disbursements are provided if you have not received any funds during the major disbursement dates.
Please note that student payments are contingent to meeting Federal Satisfactory Academic Progress.
You will only be paid for classes you are actively attending and that are eligible for grant and/or loan funding. Offer letters reflect 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 |
Monday – Thursday: 9:00 AM - 5:00 PM
Friday: Closed
*In-person services for Financial Aid only available at the Menifee Valley Campus
Reach us by phone at 951-465-7891 or email finaid@msjc.edu