Select the Scheduled Disbursements Dates Hyperlink to Review When You May Receive Funds
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Fiscal Assistance Disbursement
DISBURSEMENT DATES
The first scheduled disbursement dates are:
| Semester | Pell Grant | Direct Loan | Cal Grant & SSCG | SEOG |
|---|---|---|---|---|
| Summer 2021 | 1st Disbursement: June 17(50%) 2d Disbursement: | Continuing Students: 1st Disbursement: June 17 2nd Disbursement: July 8 ——————————- New Students: 1st Disbursement: July xv 2nd Disbursement: July 22 | ||
| Semester | Pell Grant | Directly Loan | Cal Grant & SSCG | SEOG |
| Fall 2021 | 1st Disbursement: Baronial 19(25%) 2d Disbursement: 3rd Disbursement: | Continuing Students: 1st Disbursement: August 26 (fifty%) 2nd Disbursement: Oct 21 (50%) ——————————- New Students: 1st Disbursement: September 23 (fifty%) 2nd Disbursement: October 21 (fifty%) | September 09 (100%) | Oct xiv (100%) |
| Semester | Pell Grant | Direct Loan | Cal Grant & SSCG | SEOG |
|---|---|---|---|---|
| Spring 2022 | 1st Disbursement: January 20 (25%) 2nd Disbursement: January 27 (25%) 3rd Disbursement: March 17 (l%) | Standing Students: 1st Disbursement: January 27 (50%) 2nd Disbursement: March 24 (50%) ——————————— New Students: 1st Disbursement: February 24 (50%) 2nd Disbursement: March 24 (50%) | Feb 17(100%) | March 17 (100%) |
| Semester | Pell Grant | Direct Loan | Cal Grant & SSCG | SEOG |
| Summertime 2022 | 1st Disbursement: June 09(fifty%) second Disbursement: | Continuing Students: 1st Disbursement: June 16 2nd Disbursement: June 23 ——————————— New Students: 1st Disbursement: July 14 2d Disbursement: July 21 |
* Delight note these are estimated disbursement dates. Just students who have submitted paperwork in time, see all fiscal aid requirements, and are enrolled volition receive the disbursements on the major disbursement dates. If you lot accept late enrollment, submit tardily paperwork or do non come across all eligibility requirements, yous will not receive a disbursement on this appointment. Disbursements are regularly scheduled on a weekly basis afterward the outset disbursement.
HOW MUCH Volition I RECEIVE?
How Does Financial Aid Pay for My Fees?
The Office of Financial Aid works in conjunction with Student Fiscal Services to pay accepted fiscal assist awards to students. These payments are called "disbursements" and begin the calendar week before classes kickoff each semester.
To amend support Pell Grant students buy their books and supplies in a timely fashion, Financial Aid is disbursed to eligible students as early equally the Friday before the first twenty-four hour period of classes each semester, and weekly thereafter.
All fiscal help, volition first be practical to institutional charges, which include: tuition and mandatory state and campus fees Any remaining financial aid after institutional charges are paid will then exist refunded to the educatee. Please come across "How to Admission your Financial Assistance Funds section of this page for more than information.
Enrollment Status
How much funding yous receive depends on the number of units you are enrolled in and what type of fiscal aid yous have been provided.
The enrollment condition of the pupil at the time that funds are prepared for disbursement will be used to decide the payment amount. For purposes of financial assist, enrollment status is defined as outlined in the table below.
- Please keep in mind that near financial aid funds are disbursed in 2-three payments for each term. For case, Pell grants are disbursed 25% before the term starts, 25% the calendar week of school, and l% at the midpoint. You can view your financial assist by semester on your educatee center past detailing into each term.
- Loans are not prorated. The total corporeality of loan funds for the semester will be disbursed equally long equally the student is enrolled in a minimum of half-dozen units.
- If you are enrolled function-time (fewer than 12 units), you lot may receive a partial payment of Cal Grant, Federal Pell Grant. If your enrollment status increases so that yous qualify for additional funds, you may receive a supplemental payment.
| Enrollment | Number of Units | |
|---|---|---|
| Full-Fourth dimension | 12 or more | |
| ¾ Time | 9 – 11.v | |
| ½ Time | half-dozen – eight.5 | |
| < ½ Time | 5 or less |
Fiscal Aid Census Date and Pell Grant
Pell Grant recipients who modify enrollment status (calculation or dropping classes) volition have their eligibility recalculated based on their enrollment status as of the Financial Aid census date for each semester, typically on the last day to add/drop a class. Students who are enrolled less than full-time at the time of the initial disbursement and who subsequently add classes prior to the enrollment census date, will receive a subsequent disbursement based on the new updated enrollment status to reflect the correct payment eligibility (3/iv fourth dimension or full-time). Also, Pell Grant funds will be recalculated for students who drop classes before the census and the revised Pell Grant volition be based on "census" enrollment condition. In some instances, this recalculation may issue in repayment of funds already disbursed every bit a event of the reduction in units post-obit the disbursement of Pell Grant funds.
Cal Grant Awarding and Disbursement
Cal Grants are generally disbursed in one payment per term. Students who are initially deemed eligible by the college for Cal Grant before FA demography date volition be disbursed based the pupil enrollment condition equally of FA census date. Students who are initially deemed eligible by the college for Cal Grant after FA Census date will be disbursed based on the recipient current enrollment status at time of disbursement. Students who are initially accounted eligible for Cal Grant by the college after the term has ended will be disbursed based on the number of units completed for the term.
Adjustments can be made to initial Cal Grant disbursements based on increases to student enrollment load.
The first Cal Grant disbursement will occur the week of FA demography date for every term. After the start disbursement, Cal Grants are disbursed weekly throughout the term as students go eligible for the funds.
STUDENT Authorisation OF FINANCIAL Assist DISBURSEMENT
Federal and Land governments offering financial aid funding to those students who authorize. Disbursements of federal and country fiscal assistance, (e.thou. Title Four* funds and/or Cal Grants), are applied to a educatee's business relationship for commanded institutional charges. Allowable charges are tuition and fees. Diverse types of state assist, (e.g. Cal Grant B Admission), permit a educatee the correct to opt out of having future country funds practical towards paying the pupil'south institutional charges and to have those funds be delivered direct to the educatee. To opt out, students must contact the District Financial Assistance Part.
** Alarm: Choosing to "Opt Out" may create a college debt/obligation for the educatee. If the educatee chooses to "Opt Out" of having help pay institutional charges, any balance owed to the college must be paid in total.
DISBURSEMENT Information & Ofttimes ASKED QUESTIONS
Disbursement Eligibility
Y'all must meet all disbursement requirements in order for your aid to pay. Some of the general requirements to receive payment of funds include:
- Submission of all required documents.
- Meeting all satisfactory academic progress (SAP) requirements.
- Enrollment for term
Specific Disbursement Requirements:
Delight notation that certain student assistance programs may accept very specific disbursement requirements in addition to the full general disbursement requirements. For example, Cal Grant recipients must be California residents whereas some scholarship programs require that students exist enrolled full-time to receive whatsoever scholarship funds. These special requirements must exist met in lodge for those funds to be disbursed
How to Access your Fiscal Aid Funds
How to Admission your Financial Aid Funds
The Peralta Community College Commune has partnered with BankMobile (Formerly HigherOne, Inc.), a financial services company, to implement a new method of Financial Assist disbursement to the campuses.
One time yous receive your Depository financial institution Mobile Personal Code in the mail
Follow these 3 simple steps:
- Visit the website www.refundselection.com
- Prepare – Enter your personal code to get started.
- Cull the refund pick that is best for you lot. (PeraltaCard or Directly Deposit)
Students will have 2 choices to receive their disbursement:
- Direct deposits to existing banking concern account (i.due east. Wells Fargo, Bank of America, Credit Spousal relationship, etc…) (refunds bachelor in 2-three business organization days)
- Bank Mobile Vibe account– Same-day deposits to students' BankMobile account (Debit Card). If you choose this selection, BankMobile will send y'all a Peralta Debit Card within 5-7 concern days
Questions receiving or activating your BankMobile Vibe account? Banking company Mobile Customer Care
Questions well-nigh fees associated with the BankMobile Vibe account? Fee Schedule
AllPoint ATM Locations
- College of Alameda – F building right next to the Cyber Café.
- Berkeley Metropolis College – 5th floor in the Student Lounge.
- Laney College – Student middle in the dining hall.
- Merritt Higher – R edifice next to Admission and Records and Fiscal Aid archway.
Students volition be able to withdraw money from the CardTronics ATM Machines (located on campus) as well as any ATM machine from the AllPoint Network without a fee. There is too a $10 replacement fee if you lose your BankMobile bill of fare.
Have additional questions? Read our Frequently Asked Questions or visit your PCCD campus fiscal aid office.
Source: https://web.peralta.edu/financial-aid/disbursement/
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