Financial Aid Disbursement Schedule and Important Dates
The table below will help you quickly access the date your financial aid will be processed. You will also find information on MSJC’s partnership with BankMobile to process any available refunds. Please review this information and contact the Financial Aid office or BankMobile with any questions relating to the disbursement of your financial aid funding.
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. For more
information visit BankMobile. If you have any questions or concerns about BankMobile, visit the BankMobile customer help page. You may also view the required disclosures and contract with BankMobile, a Division of Customer Bank.
2022-2023 Academic Year Disbursement Schedule
Summer 2022 Financial Aid Disbursement Schedule
|
Files Awarded By |
Date Funds Processed by BankMobile |
Please review the repayment policy before dropping any classes |
|---|---|---|
|
June 17 |
Wednesday June 29 |
Major Disbursement: Pell Grant |
|
July 1 |
Wednesday July 13 |
Supplemental Disbursement: 100% of Pell |
|
July 15 |
Wednesday July 27 |
Supplemental Disbursement: 100% of Pell |
Fall 2022 Financial Aid Disbursement Schedule
|
Files Awarded By |
Date Funds Processed by BankMobile |
Please review the repayment policy before dropping any classes |
|---|---|---|
|
Friday Aug 12 |
Monday Aug 22 |
1st Major Disbursement: Pell Grant & FSEOG |
|
Friday Aug 26 |
Wednesday Sept 7 |
Supplemental Disbursement: increased units paid |
|
Friday Sept 9 |
Wednesday Sept 21 |
Supplemental Disbursement |
|
Friday Sept 23 |
Wednesday Oct 5 |
1st State Aid (Cal Grants & SSCG) and Supplemental Disbursement |
|
Friday Oct 14 |
Wednesday Oct 26 |
2nd Major Disbursement: Pell Grant & FSEOG |
|
Friday Nov 4 |
Wednesday Nov 16 |
Supplemental Disbursement: Late start classes - units paid |
|
Friday Nov 18 |
Wednesday Nov 30 |
Supplemental Disbursement |
|
Friday Dec 9 |
Wednesday Dec 21 |
Supplemental Disbursement |
Spring 2023 Financial Aid Disbursement Schedule
|
Files Awarded By |
Date Funds Processed by BankMobile |
Please review the repayment policy before dropping any classes |
|---|---|---|
|
Friday Jan 13 |
Monday Jan 23 |
1st Major Disbursement: Pell Grant & FSEOG |
|
Friday Jan 27 |
Wednesday Feb 8 |
Supplemental Disbursement: increased units paid |
|
Friday Feb 10 |
Wednesday Feb 22 |
Supplemental Disbursement |
|
Friday Feb 24 |
Wednesday Mar 8 |
1st State Aid (Cal Grants & SSCG) and Supplemental Disbursement |
|
Friday Mar 17 |
Wednesday Mar 29 |
2nd Major Disbursement: Pell Grant & FSEOG |
|
Friday Apr 28 |
Wednesday May 10 |
Supplemental Disbursement: Late start classes - units paid |
|
Friday May 19 |
Wednesday May 31 |
Supplemental Disbursement |
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.
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 |