The first disbursement will be issued during the first week of the semester. Please Note: These are estimated disbursement dates. Federal grants and loans; Scholarships; More Information About Your Financial Aid Disbursement: Flex Entry Courses. 2020‐2021 Financial Aid Disbursement Schedule Disbursement Eligibility Table Disbursement deadline dates are subject to change WITHOUT notice. 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. When you’ve made the decision to attend college, the last thing you want to worry about is when you will receive your financial aid and any available refunds. Financial aid and scholarship awards are used to pay for your tuition, fees, and on-campus housing balance. receive Direct Loan disbursements. MSJC’s Financial Aid Office has provided the table below to help you quickly access the date your financial aid will be processed. Federal school code for Northcentral is 038133 (OPEID) Step 2: You must be accepted to Northcentral before your financial aid process may begin. Please visit Refunds for more information on refund disbursement methods. By Emma Kerr , Reporter Aug. 3, … Complete all Financial Aid … For the most part, your financial aid money goes directly to your college. Federal aid cannot pay the following charges: Installment Plan, Short Term Loan Origination, Memorial Loan, Late Payment, Default, Excess Hours Tuition, or Repeat Course. Federal Direct Student Loans, grants, and scholarship refunds are made payable to the student. College financial aid disbursement typically takes place sometime between 10 days before and 30 days after classes start. Financial Aid Refunds When financial aid exceeds the bill resulting in a credit balance, a refund will be generated. Financial Aid Disbursement Dates; Disbursements made based on class start dates, attendance, enrollment level, and type of financial aid. Disbursement schedule. Fall 2020 full term course 60% date: October 30, 2020 Spring 2021 full term course 60% date: April 07, 2021 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. Financial aid disbursement is the process by which financial aid money gets paid to the institution or person that it needs to go to. 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. 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