Only students who have submitted the necessary documentation, meet all financial aid eligibility requirements, and are active in classes will receive disbursements as outlined in the above schedule. For the most part, your financial aid money goes directly to your college. Financial Aid Refunds When financial aid exceeds the bill resulting in a credit balance, a refund will be generated. 2020-2021 Financial Aid Disbursement Dates *File Completion Date: Students will not need to accept their financial aid awards (except for the Direct Loan). Disbursement. Here are the steps to begin your federal student aid process: Step 1: Complete your Free Application for Federal Student Aid (FAFSA) www.fafsa.ed.gov. By Emma Kerr , Reporter Aug. 3, … Financial Aid Disbursement Dates; Disbursements made based on class start dates, attendance, enrollment level, and type of financial aid. Financial Aid Disbursement Schedule and Important Dates. The first disbursement will be issued during the first week of the semester. Some forms of financial aid (like work-study funds) go directly to you. Complete all Financial Aid … Federal grants and loans; Scholarships; More Information About Your Financial Aid Disbursement: Flex Entry Courses. College financial aid disbursement typically takes place sometime between 10 days before and 30 days after classes start. Please visit Refunds for more information on refund disbursement methods. Fall 2020 full term course 60% date: October 30, 2020 Spring 2021 full term course 60% date: April 07, 2021 Enrollment level (¼, ½, ¾, full-time or full-time PLUS) is reviewed the end of the month and changes to FA processed the following month. Federal Direct Student Loans, grants, and scholarship refunds are made payable to the student. Return of Financial Aid Funds Due to Withdrawal You may be required to repay federal aid if you withdraw before completing 60% of the course length. At San Bernardino Valley College, the Federal Pell Grant award will be divided into two payments each semester. 2020‐2021 Financial Aid Disbursement Schedule Disbursement Eligibility Table Disbursement deadline dates are subject to change WITHOUT notice. Financial aid disbursement is the process by which financial aid money gets paid to the institution or person that it needs to go to. receive Direct Loan disbursements. Refer to Financial Aid Disbursement Methods on the reverse for information on choosing your disbursement option. Federal aid cannot pay the following charges: Installment Plan, Short Term Loan Origination, Memorial Loan, Late Payment, Default, Excess Hours Tuition, or Repeat Course. Financial aid files must be completed by the File Completion Date in order to have the Santiago Canyon College Financial Aid … Financial Aid Disbursement Schedule. Financial aid and scholarship awards are used to pay for your tuition, fees, and on-campus housing balance. 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