How to Receive Your Financial Aid Disbursement

  • All Financial Aid Grant funds will be disbursed electronically to the selected refund preference with BankMobile Disbursements, a technology solution, powered by BMTX, Inc.
  • If you haven't already, be sure to select your refund preference with BankMobile. You can learn more at BankMobile Disbursements Refund Choices and Third-Party Servicer Contract for Refund Management
  • For those students who did not select an electronic deposit option, a check will be mailed to the address on file with the school. If your address changes, it is your responsibility to update the Admissions and Records Office immediately to avoid delays.
  • Disbursements will be made to eligible students according to our Disbursement Schedule

Award Specific Disbursement Information

Pell Grant disbursements are typically split into two (2) disbursements per semester or four (4) disbursements for the academic year.

Disbursement amounts are based upon each student's enrollment status and prorated accordingly.

  1. The first disbursement is released for Fall students during the first week of instruction
  2. The second disbursement is released for Fall students in November 2024. 
  3. The third disbursement is released for Spring students in January 2025.
  4. The fourth disbursement is released for Spring students in April 2025. 

*For students who did not attend full time in both the Fall and Spring semesters, Pell may be available during the Summer semester. Disbursement for the Summer semester are made in Mid-July.

*Please note: Some students must be in a certain minimum amount of units in order to receive any funding based on their eligibility. The percentage breakdown above is an example, and in some cases students may have specific Pell entitlement that is not included in the description above.

Enrollment Status
Awards appear on an award letter based on full-time enrollment status; however, students are not necessarily required to enroll in full-time status to receive financial aid. If a student is enrolled in less than full-time status for any given semester, disbursements will be adjusted in accordance with federal regulations based on the current enrollment status.

  • 12 or more units = Full-time enrollment status; student receives 100% of award per semester
  • 9.0-11.5 units = ¾ time enrollment status; student receives 75% of award per semester
  • 6.0-8.5 units = ½ time enrollment status; students receives 50% of award per semester
  • 5.5 units or less = less-than-half-time enrollment status; not all students are eligible at less-than-half-time enrollment status.

Lifetime Eligibility Used (LEU):  Students receiving the Federal Pell grant are limited to six years (12 semesters) or full time equivalent (600%) of aid. Once you have received 600% of Pell grant, you will no longer be eligible for additional Pell Grants at San Bernardino Valley College or any college/university in the country, regardless of completion of program of study or Bachelors.

If a student drops all of his/her courses in any given semester, they may be responsible for repaying a portion of their disbursement, in accordance with federal regulations.

FSEOG will be paid in one payment each semester.

*FSEOG eligibility is contingent upon funding.

  • The first Fall disbursement for eligible FSEOG students is released in November 2024.
  • Cal Grants (B & C) - Cal Grant B and C awards are generally disbursed in one payment per semester.
  • *All Cal Grant disbursements are contingent upon funding from the state of California. The below dates are tentative: The Fall disbursement for eligible Cal
  • Grant students is released as early as September 2024.
  • The Spring disbursement for eligible Cal Grant students is released as early as February 2025.
  • In cases of late award notification; the award will be disbursed on the next available disbursement date.
  • *Cal Grant recipients are selected by CSAC. Students will receive an email notification once eligibility has been confirmed and awards have been determined.

The Student Success Completion Grant pays Cal Grant recipients enrolled in at least 12 but fewer than 15 semester units $1298 per semester. Cal Grant recipients enrolled in 15 or more semester units may receive $4,000 per semester.

The maximum annual award for the Student Success Completion Grant is $8000.00.  Due to limited funding, the Student Success Completion Grant is refunded on a first come first serve basis.  Receiving a SSCG award does not guarantee a refund.  Funds are limited!

Federal Work-Study funds must be earned through work and students must be enrolled in at least 6 units each semester. Students are responsible to ensure that their time sheets are sent by the supervisor to the Financial Aid Office monthly.

Checks are mailed by the 12th of each month provided the time sheet was submitted on time.

The Chafee Grant  Disbursement schedule is set by the Chancellor's Office.

Please visit Chafee website for further information www.chafee.csac.ca.gov 

 

Financial Aid Disbursement Schedule

This disbursement schedule is tentative and is subject to change without notice.  Disbursement is contingent upon the total number of actively enrolled units. The dates below are subject to change depending on when BMTX, Inc. receives funds from your school. For more information, visit BankMobile Disbursements Refund Choices and Third-Party Servicer Contract for Refund Management.

Fall 2024 Disbursement Schedule

Enrollment Dates: 08/12/24 - 12/17/2024

Files completed by:

Funds Available to students by:

Award Type
Friday, August 9 Friday, August 23 1st Disbursement: First 1/2 of Pell Disbursement
Friday, August 23 Friday, September 6 1st 1/2 of Pell Disbursement, increased units
Friday, September 13 Friday, September 27 1st 1/2 of Pell Disbursement, increased units, Cal Grant
Friday, September 27 Friday, October 11 1st 1/2 of Pell Disbursement, increased units, Cal Grant
Friday, October 11 Friday, October 25 1st 1/2 of Pell Disbursement, increased units, Cal Grant
Friday, October 25 Friday, November 8 1st Pell Disbursement, Cal Grant, SSCG, FSEOG
Friday, November 1 Friday, November 15 2nd 1/2 of Pell Disbursement
Friday, November 27 Friday, December 13 100% of Pell Disbursement, Cal Grant
Friday, December 6 Friday, December 20 100% of Pell Disbursement, Cal Grant

 

  

Disbursement Conditions

Disbursements will only be made to those students who have a completed financial aid file and have been determined eligible for federal financial aid based on federal and state regulations. All students are required to meet all criteria outlined in the San Bernardino Valley College Satisfactory Academic Progress Policy. All awards are contingent on both a student’s enrollment and their satisfactory academic progress status. Please note, due to the short time period between semesters, there may be a delay in the notification of ineligibility due to not meeting satisfactory academic progress.

All financial aid funds are subject to availability from the appropriate agencies and the regulations which govern these programs. Any financial aid awarded is subject to change, without prior notice. Disbursements are based on the number of units a student is enrolled in at the time of calculation (calculations are made approximately 10 days before disbursement). Although you may be registered in a course, you must be in attendance and your classes must have already started before payment is made. Late start classes must begin for units to be included in disbursement; otherwise they will be included on the subsequent disbursement. Disbursement will be adjusted according to enrollment status at the time calculation is made.

For students whose financial aid files are not complete at the beginning of the semester or were awarded later in the award year, payments will be issued on subsequent disbursement dates. You can expect your file to be updated 8-10 weeks from the date you submitted all required documents to the Financial Aid Office. All financial aid disbursements are made, electronically, through BankMobile Disbursements, a technology solution, powered by BMTX, Inc. You may visit www.valleycollege.edu/financialaid for more details on selecting a refund preference with BankMobile Disbursements.

*All financial aid disbursements are contingent on funding being received from the governing agencies. Cal Grant disbursements are contingent upon funding from the State and in some cases may be delayed. FSEOG and Cal Grant funds will be released in one payment per semester.

Students will owe money back to the Federal Government and/or San Bernardino Valley College if:

  • Student receives Federal and State aid from more than one school for the same or overlapping semester. (This does not affect eligibility for a CA College Promise Grant Waiver at multiple schools within the same semester).
  • Student received funds and withdraws from all classes prior to completing 60% of the semester.
  • Student reduces enrollment status.
  • If a student receives financial aid funds and later withdraws from one or more courses, which changes their enrollment status.

Enrollment Status

Awards appear on an award letter based on full-time enrollment status; however, students are not necessarily required to enroll in full-time status to receive financial aid. If a student is enrolled in less than full-time status for any given semester, disbursements will be adjusted in accordance with federal regulations based on the current enrollment status.

  • 12 or more units = Full-time enrollment status; student receives 100% of award per semester
  • 9.0-11.5 units = ¾ time enrollment status; student receives 75% of award per semester
  • 6.0-8.5 units = ½ time enrollment status; students receives 50% of award per semester
  • 5.5 units or less = less-than-half-time enrollment status; not all students are eligible at less-than-half-time enrollment status.

Lifetime Eligibility Used (LEU)

Students receiving the Federal Pell Grant are limited to six years (12 semesters) or full-time equivalent (600%) of aid. Once a student has received 600% of the Federal Pell Grant, they will no longer be eligible for additional Pell Grant at any college/university in the country, regardless of completion of their selected program of study or Bachelor’s Degree.

*Email notifications will be sent to your school provided email address. Be sure to keep your home address and phone number current and accurate with Admissions and Records.