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 9^th week

             Spring 2021     End of 8^th 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