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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 State Aid: Cal Grant & SSCG 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 semesterDisbursements usually begin approximately 1 week after classes beginHowever, 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

 

Financial Aid Office Hours
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