Disbursement and Refund Information

What does disbursement mean?

Disbursement is the process of turning a financial aid offer into a payment for an account. Students must meet all eligibility requirements in order for the financial aid office to request a disbursement of funds. The disbursement process takes approximately 3-5 business days to complete funds will go to a not be refunded until three business days after they are disbursed.

The disbursements are processed on Monday of each disbursement week. The Financial Aid disbursements will first cover/pay any outstanding balances due to the college. A student's financial aid refund will be transmitted with BankMobile Disbursements on the following Thursday.

How to Receive Your Financial Aid Disbursement

1. Submit Your FAFSA or CADAA
2. Submit any required documentation to the Financial Aid Office for review. To see any outstanding items:
   • Review your myAVC Financial Aid Dashboard
   • Review your AVC Email Account for Notifications
   • Review your Campus Logic (Student Forms) Portal
   • Please note some documentation deadlines can be specific to the term you are enrolled in while others if they determine eligibility for the FAFSA year must be submitted within 180 days of your last enrollment or the deadline posted prior to the end of the FAFSA year
3. Select your Bank Mobile preference
   • All Financial Aid 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
• 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.
• For New Students: Your student profile information will be sent to Bank Mobile to allow you to set up your account.
• For Returning Students: Fraud Prevention measures went into effect in Fall 2025 to protect former student accounts from misuse. This means if you are a returning student you will have to complete identity verification steps with Bank Mobile to regain access to your account and make the necessary updates to your profile information. Please start this process ahead of time to prevent disbursement delays.
• Disbursements will be made to eligible students according to our Disbursement Schedule below. 

New Students

Your student profile information will be sent to BankMobile so you can set up your account.

Returning Students

Fraud prevention measures implemented in Fall 2025 help protect former student accounts from misuse. Returning students must complete identity verification with BankMobile to regain access to their account and make any necessary updates to their profile information. Please begin this process early to help prevent disbursement delays.

Disbursement Schedule

Financial aid disbursements will be made to eligible students according to the college's Disbursement Schedule.

To Return to Title IV

I received my refund but dropped or failed my courses. What happens now? Click here to learn more about loss of eligibility and possible funds owed to either AVC or the Department of Education.

To see your Award Amount

1. Log into your My AVC Account
2. Under the Tools section on the left hand side you will see Financial Aid
3. Once you click the drop down select Final Aid Awards
4. Select the current aid year
5. The second grey tab is where you can find your Award Overview

I see my award amount, but how do I receive my funds?

1. Once award amounts are determined our Financial Aid office will disperse your award according to the semester schedule.
2. Awards are sent to a student's Bank Mobile Account
3. To create your Bank Mobile account please visit the website and utilize the code sent to you via green envelope in the mail
4. A student can choose to set preferences to select an external account other than Bank Mobile if they choose.
5. Funds will first clear enrollment fees associated with a student's cashier balance and the difference will be deposited into Bank Mobile.

Disbursement Schedule Summer 2026: 

*Students who drop classes, withdraw from all classes, or who stop attending all classes and receive all failing grades may be required to repay some or all of the funds they received for the semester.*

Additional Dates

July 10, 2026 - Last Day to Accept Paperwork for Payment During 2025-2026 FAFSA Year. 

Pell Grant

• These grants are disbursed in two payments per semester. The Pell payment will be based upon enrollment status (full time, three-quarter time, half-time, less than half-time) at the time of the calculation.
• Prior to the second disbursement, enrollment status will be reviewed. *The second payment is provided to meet the educational expenses for the remainder of the term. Payments are made throughout the semester as the student’s eligibility requirements are met.
• Late starting classes must have begun for units to be included in the first disbursement otherwise they will be included on the following disbursements. Payments will be adjusted according to enrollment status.
• For students whose financial aid files were incomplete at the beginning of the school year or were awarded later in the term, payments will be issued on the following disbursement dates.

Supplemental Educational Opportunity Grant (SEOG)

• The SEOG is disbursed in one payment during the semester. It is based on enrollment status at the time of disbursement.

Cal Grant

• The Cal Grants are disbursed in one payment each semester after the end of the fourth week. It is based on enrollment status at the time of disbursement.

Student Success Completion Grant (SSCG)

• The Student Success Completion Grant is a new financial aid program for Cal Grant recipients that are enrolled in 12 or more units. It is based on enrollment status at the time of disbursement.

Direct Subsidized and Direct Unsubsidized Loans

• Disbursements for loans are made in two payments per semester. First-time borrower loans are disbursed after the end of the sixth week.

Scholarships

• Disbursements for scholarships are made in one payment each term after the funds have been received from the funding source.