Disbursement and Refund Information

Disbursement and Refund Information 2018-2019

What does disbursement mean?

Disbursement is the process of turning your financial aid offer into a payment for your account. You must meet all eligibility requirements in order for the financial aid office to request a disbursement of funds. The disbursement process takes approximately 3 business days to complete, and funds will not be refunded to you until 3 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 Refund of the Student’s Financial Aid will be transmitted to BankMobile on the following Thursday.

Pell Grant

These grants are disbursed in two payments per semester. Your Pell payment will be based upon your enrollment status (full time, three-quarter time, half-time, less than half-time) at the time of the calculation.

Prior to the second disbursement, your 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 students’ 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 2018         End of 9th week

             Spring 2019     End of 8th week

            Summer 2019  To be determined

Supplemental Educational Opportunity Grant (SEOG)

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

Student Success Grant

The Student Success 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 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

·       Paper Check—5-7 days

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 2018

Disbursement Date

Refund Date

Disbursement Type

August 20, 2018

August 23, 2018

50% Pell, Scholarships, SEOG, 50% Loan (Previous Borrower)

August 27, 2018

August 30, 2018

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

September 10, 2018

September 13, 2018

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

Cal Grants

September 24,  2018

September 27, 2018

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

(unpaid new awards only)

50% Loan for 1st-time borrowers

October 8, 2018

October 11, 2018

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

(unpaid new awards only)

October 22, 2018

October 25, 2018

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

(unpaid new awards only)

2nd 50% of Pell, 2nd  50% of Loans

November 5, 2018

November 8, 2018

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

(unpaid new awards only)

November 19, 2018

November 21, 2018

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

                                         (unpaid new awards only)

December 3, 2018

December 6, 2018

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

(unpaid new awards only)

   

Spring 2019

Disbursement Date

Refund Date

Disbursement Type

February 4, 2019

February 7, 2019

50% Pell, Scholarships, SEOG, 50% Loan (Previous Borrower)

February 11, 2019

February 14, 2019

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

February 25, 2019

February 28, 2019

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

                                                Cal Grants, SSCG

March 11, 2019

March 14, 2019

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

                                          (unpaid new awards only)

50% Loan for 1st-time borrowers

March 25, 2019

March 28, 2019

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

                                      (unpaid new awards only)

April 8, 2019

April 11, 2019

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

                                         (unpaid new awards only)

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

April 22, 2019

April 25, 2019

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

                                       (unpaid new awards only)

May 6, 2019

May 9, 2019

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

                                        (unpaid new awards only)

May 20, 2019

May 23, 2019

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

                                         (unpaid new awards only)

   

Summer 2019

Disbursement Date

Refund Date

Disbursement Type

June 17, 2019

June 20, 2019

Pell, Scholarships, Loan (Previous Borrower)

July 1, 2019

July 8, 2019

Pell, Scholarships, Loan

July 15, 2019

July 18, 2019

Pell, Scholarships, Loan

July 29, 2019

August 1, 2019

Pell, Scholarships, Loan

 

Last updated: August 31, 2018