Disbursement Schedule

Financial Aid Disbursement Schedule

San Bernardino Valley College

 Summer & Fall 2017 Disbursement Schedules

 

At San Bernardino Valley College, the Federal Pell Grant award will be divided into two payments each semester. The first disbursement will be issued during the first week of the semester. 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 ACH transfer or the Wolverine Card. Students are able to choose direct deposit (ACH transfer) to their personal bank account or to the Wolverine Card. Please keep in mind, if direct deposit (ACH transfer) to a personal bank account is selected, funds may be delayed an additional 3-5 business days from the scheduled disbursement date based on each individual personal banking institutions. You may visit www.valleycollege.edu/financialaid for more details on signing up for direct deposit (ACH transfer) or registering for the Wolverine Card.

 

*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.

 

This disbursement schedule is tentative and is subject to change without notice.

  

  SUMMER 2017 Enrollment Dates 05/30/2017 - 08/03/2017
Files completed by: Funds Available to students by: Award Type
 Thursday, June 8 Thursday, June 22 100% Disbursement Eligibility, increased units
 Thursday, July 6 Thursday, July 20 100% Disbursement Eligibility, increased units
Thursday, August 11 Friday, August 25 100% Disbursement Eligibility, increased units- FINAL 16/17 Disbursement

 

  FALL 2017 Enrollment Dates 08/14/2017 - 12/15/2017   
Files completed by: Funds Available to students by:  Award Type
Friday, August 4  Friday, August 18 1st Disbursement: First 1/2 of Pell Disbursement
 Friday, August 18  Friday, September 1 1st 1/2 of Pell Disbursement, increased units
 Friday, September 1  Friday, September 15  1st 1/2 of Pell Disbursement, increased units
 Friday, September 22  Friday, October 6  1st 1/2 of Pell Disbursement, increased units, Cal Grant
 Friday, October 13  Friday, October 27  1st 1/2 of Pell Disbursement, increased units, Cal Grant
 Friday, November 3  Friday, November 17  1st and 2nd Disbursement: 1st Pell Disbursement and Second 1/2 of Pell Disbursement, Cal Grant, FSEOG
 Friday, November 17  Friday, December 1  100% of Pell Disbursement, FSEOG, Cal Grant
 Friday, December 1  Friday, December 15  100% of Pell Disbursement, FSEOG, Cal Grant

 

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 BOG 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.