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• Financial Aid Disbursement Schedule and Important Dates

Financial Aid Disbursement Schedule and Important Dates

MSJC’s Financial Aid Office aims to ensure that students are equipped with the tools and resources necessary in successfully navigating their academic journeys. Please see the table below for a list of important dates to be mindful of to ensure on time completion of all financial aid requirements: 

MSJC and BankMobile

MSJC has partnered with BankMobile to deliver your financial aid awards. This partnership and process is your key to faster financial aid disbursements and refunds.  If you have a BankMobile Disbursements account at another school, that account is not valid at MSJC, you will need to create an account with BankMobile Disbursements for MSJC.  Please view the below links regarding any information for BankMobile and disbursements.

Check here for the BankMobile Disbursements fees before you make your selection;

• BankMobile Disbursement Fees
  

Select your refund preference with BankMobile to avoid delays in your financial aid disbursement:

• Refund Preference

For more information and terms and conditions, visit BankMobile:

• Terms and Conditions

For questions or concerns about BankMobile, visit their customer help page:

• Customer Help

You may also view the required disclosures and contract with BankMobile, a Division of Customer Bank:

• Disclosures & Contract with BankMobile

Important Dates 

The table below will help you quickly access the date your financial aid will be processed. You will also find information on MSJC’s partnership with BankMobile to process any available refunds. Please review this information and contact the Financial Aid office or BankMobile with any questions relating to the disbursement of your financial aid funding. 

2022-2023 Academic Year Disbursement Schedule

Spring 2023 Financial Aid Disbursement Schedule

2023-2024 Academic Year Disbursement Schedule

Fall 2023 Financial Aid Disbursement Schedule

Spring 2024 Financial Aid Disbursement Schedule

Additional Information about Your Disbursement
The California College Promise Grant (CCPG) is a financial resource available to help you meet your educational expenses and may appear on your award letter. This is not cash award. If you have already paid your fees, you may be eligible for a refund. You must contact Enrollment Services to see if you are eligible for refund.

Any grants you are eligible for are automatically accepted on your behalf.  As a condition of receipt of any federal or state financial aid funds, you agree and accept the Terms and Conditions. If you wish to decline any funds, please contact the financial aid office.

Pell Grants are disbursed in two equal payments, highlighted as major disbursements on the schedule for each term.  Supplemental disbursements are provided if you have not received any funds during the major disbursement dates. 

Please note that student payments are contingent to meeting Federal Satisfactory Academic Progress. 

You will only be paid for classes you are actively attending and that are eligible for grant and/or loan funding.  Offer letters reflect the maximum amount of funds available to you and are based on full-time enrollment status. If you are enrolled less than full-time, your disbursement will be adjusted in accordance with federal regulations based on your current enrollment status. The disbursement amounts allowed are available in the table below.