Disbursement and Refund Information

Disbursement and Refund Information 2019-2020

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 2019         End of 9th week

             Spring 2020     End of 8th week

            Summer 2020  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

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 (Formerly Higher One)

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

Look for your Refund Selection Kit. It looks like this.

Once it arrives, simply follow these steps to make your refund preference selection:

1.     Visit https://www.refundselection.com 

2.     Enter your Personal Code

3.     Create your login information

4.     Select how you'd like to receive your money.

What happens if I don’t log in and select a refund preference?

If you do not log in and select a refund preference, BankMobile will mail a paper check to you no sooner than 21 days after your refund is disbursed. Regardless of whether you anticipate receiving a refund or not, it is important to select your refund preference as soon as you receive the refund selection kit so that you do not have to wait for your money.

How long will it take to receive my funds once I have selected my preferred refund method?

Once the college has refunded your financial aid funds, BankMobile will distribute your funds as follows:

·       Direct deposit to your own checking or savings account: 2-3 business days

·       BankMobile Vibe account: Same business day

What if I didn’t receive the BankMobile Refund Selection Kit?

The BankMobile Refund Selection Kit is mailed to the mailing address on file with Admissions and Records. If you did not receive the mailer, please verify and/or update your current mailing address on your MyAVC account. Once your mailing address is confirmed please visit the financial aid office to request a Personal Code.

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 Customer Bank.

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

 

Financial Aid Payment Schedule

Fall 2019

Disbursement Date

Refund Date

Disbursement Type

August 19, 2019

August 22, 2019

50% Pell, Scholarships, SEOG

August 26, 2019

August 29, 2019

50% Pell, Scholarships, SEOG (unpaid new awards only)

September 9, 2019

September 12, 2019

50% Pell, SEOG, Scholarships,  (unpaid new awards only)

Cal Grants, SSCG

September 23,  2019

September 26, 2019

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

(unpaid new awards only)

50% Loan 

October 7, 2019

October 10, 2019

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

(unpaid new awards only)

October 21, 2019

October 24, 2019

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

(unpaid new awards only)

2nd 50% of Pell, 2nd  50% of Loans

November 4, 2019

November 7, 2019

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

(unpaid new awards only)

November 18, 2019

November 21, 2019

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

                                         (unpaid new awards only)

December 2, 2019

December 5, 2019

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

(unpaid new awards only)

     

Spring 2020

Disbursement Date

Refund Date

Disbursement Type

February 3, 2020

February 6, 2020

50% Pell, Scholarships, SEOG

February 10, 2020

February 13, 2020

50% Pell, Scholarships, SEOG

February 24, 2020

February 27, 2020

50% Pell, SEOG, Scholarships (unpaid new awards only)

                                                Cal Grants, SSCG

March 09, 2020

March 12, 2020

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

                                          (unpaid new awards only)

50% Loan 

March 23, 2020

March 26, 2020

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

                                      (unpaid new awards only)

April 6, 2020

April 9, 2020

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

                                         (unpaid new awards only)

2nd 50% of Pell, 2nd 50% of Loans

April 20, 2020

April 23, 2020

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

                                       (unpaid new awards only)

May 4, 2020

May 7, 2020

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

                                        (unpaid new awards only)

May 18, 2020

May 21, 2020

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

                                         (unpaid new awards only)

     

Summer 2020

Disbursement Date

Refund Date

Disbursement Type

June 15, 2020

June 18, 2020

Pell, Scholarships, Loan (Previous Borrower)

June 29, 2020

July 2, 2020

Pell, Scholarships, Loan

July 13, 2020

July 16, 2020

Pell, Scholarships, Loan

July 27, 2020

July 30, 2020

Pell, Scholarships, Loan

 

Last updated: August 2, 2019