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• Financial Aid Disbursement Schedule and Important Dates

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 

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

Spring 2024 Financial Aid Disbursement Schedule

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.