Disbursement and Refund Information

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 three business days to complete, and funds will 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 to BankMobile on the following Thursday.

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.

Classes officially added after the following semester deadlines will not be funded:

             Fall 2020         End of 9th week

             Spring 2021     End of 8th week

            Summer 2021  To Be Determined

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. 

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.

*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.

 

BankMobile 

Antelope Valley College has partnered with BankMobile to deliver refunds and offer you smarter ways to manage your money.

Where can I check to see if my financial aid disbursement is ready?

An email will be sent to your AVC email account whenever a refund/disbursement has been processed.

ATM Locator Website http://www.allpointnetwork.com/atm-locators.aspx

Click Here to view our institution's contract with BankMobile, a division of Customers Bank.

For more information about BankMobile Disbursements please visit http://bankmobiledisbursements.com/refundchoices/

 

Financial Aid Payment Schedule 2020-2021

Fall 2020

Disbursement Date

Refund Date

Disbursement Type

August 17, 2020

August 20, 2020

50% Pell, Scholarships, SEOG

August 24, 2020

August 27, 2020

50% Pell, Scholarships, SEOG 

September 8, 2020

September 10, 2020

50% Pell, SEOG, Scholarships, Cal Grants, SSCG

September 21,  2020

September 24, 2020

50% Pell, SEOG, Scholarship, Cal Grants, SSCG, Loans 

October 5, 2020

October 8, 2020

50% Pell, SEOG, Scholarship, Cal Grants, SSCG, Loans

October 19, 2020

October 22, 2020

100% Pell, SEOG, Scholarship, Cal Grants, SSCG, Loans

November 2, 2020

November 5, 2020

100% Pell & SEOG & Scholarship & Cal Grants, SSCG &  Loans 

November 16, 2020

November 19, 2020

100% Pell & SEOG & Scholarship & Cal Grants, SSCG & Loans

November 30, 2020

December 3, 2020

100% Pell & SEOG & Scholarship & Cal Grants, SSCG & Loans 

     

Spring 2021

Disbursement Date

Refund Date

Disbursement Type

January 11, 2021

January 14, 2021 50% Pell, Scholarships, SEOG

January 19, 2021

January 21, 2021

50% Pell, Scholarships, SEOG

February 1, 2021

February 4, 2021

50% Pell, SEOG, Scholarships, Cal Grants, SSCG

February 16, 2021

February 18, 2021

50% Pell, SEOG, Scholarships, Cal Grants, SSCG

March 1, 2021

March 4, 2021

100% Pell, SEOG, Scholarships, Cal Grants, SSCG, Loans 

March 15, 2021

March 18, 2021

100% Pell, SEOG, Scholarships, Cal Grants, SSCG, Loans

March 29, 2021

April 1, 2021

100% Pell, SEOG, Scholarships, Cal Grants, SSCG, Loans

April 12, 2021

April 15, 2021

100% Pell, SEOG, Scholarships, Cal Grants, SSCG, Loans

April 26, 2021

April 29, 2021

             100% Pell, SEOG, Scholarships, Cal Grants, SSCG, Loans                 

Summer 2021

Disbursement Date

Refund Date

Disbursement Type

May 24, 2021 May 27, 2021 Pell, Scholarships, Loan 
June 7, 2021 June 10, 2021 Pell, Scholarships, Loan 

June 21, 2021

June 24, 2021

Pell, Scholarships, Loan 

July 6, 2021

July 8, 2021

Pell, Scholarships, Loan

July 19, 2021

July 22, 2021

Pell, Scholarships, Loan

August 2, 2021

August 5, 2021

Pell, Scholarships, Loan

 

Last updated: August 3, 2020