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 2021         End of 9th week

             Spring 2022     End of 8th week

            Summer 2022  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/

 

2021-2022*
Disbursement Schedule
Fall 2021
Disbursement Date Fund Release Date Disbursement Type
August 23, 2021 August 26, 2021 Pell, SEOG, EOPS, Scholarships
September 7, 2021 September 9, 2021 Pell, SEOG, EOPS, Scholarships, Cal Grant, SSCG
September 20, 2021 September 23, 2021 Pell, SEOG, EOPS, Scholarships, Cal Grant,
SSCG, Loan
October 4, 2021 October 7, 2021 Pell, SEOG, EOPS, Scholarships, Cal Grant, SSCG, Loan
October 18, 2021 October 21, 2021 Pell adjustment, Pell (2nd half), SEOG, EOPS, Scholarship, Cal Grants, SSCG, Loan (2nd half, all borrowers)
November 1, 2021 November 4, 2021 Pell, SEOG, EOPS, Scholarships, Cal Grant,
SSCG, Loan
November 15, 2021 November 18, 2021 Pell, SEOG, EOPS, Scholarships, Cal Grant,
SSCG, Loan
November 29, 2021 December 2, 2021 Pell, SEOG, EOPS, Scholarships, Cal Grant,
SSCG, Loan
     
Spring 2022
Disbursement Date Fund Release Date Disbursement Type
January 10, 2022 January 13, 2022 Pell, SEOG, EOPS, Scholarships
January 18, 2022 January 20, 2022 Pell, SEOG, EOPS, Scholarships
January 31, 2022 February 3, 2022 Pell, SEOG, EOPS, Scholarships, Cal Grant, SSCG
February 14, 2022 February 17, 2022 Pell, SEOG, EOPS, Scholarships, Cal Grant,
SSCG, Loan
February 28, 2022 March 3, 2022 Pell, SEOG, EOPS, Scholarship, Cal Grants, SSCG, Loan 
March 14, 2022 March 17, 2022 Pell adjustment, Pell (2nd half), SEOG, EOPS, Scholarships, Cal Grant, SSCG, Loan (2nd half, all borrowers)
March 28, 2022 March 31, 2022 Pell, SEOG, EOPS, Scholarships, Cal Grant, SSCG, Loan
April 11, 2022 April 14, 2022 Pell, SEOG, EOPS, Scholarships, Cal Grant, SSCG, Loan
April 25, 2022 April 28, 2022 Pell, SEOG, EOPS, Scholarships, Cal Grant, SSCG, Loan
     
Summer 2022
Disbursement Date Fund Release Date Disbursement Type
May 23, 2022 May 26, 2022 Pell, Scholarships, EOPS, Loan
June 6, 2022 June 9, 2022 Pell, Scholarships, EOPS, Loan 
June 20, 2022 June 23, 2022 Pell, Scholarships, EOPS, Loan
July 5, 2022 July 7, 2022 Pell, Scholarships, EOPS, Loan
July 18, 2022 July 21, 2022 Pell, Scholarships, EOPS, Loan
August 1, 2022 August 4, 2022 Pell, Scholarships, EOPS, Loan
*Subject to change based on changes to the academic calendar                                                                     11/20

 

Last updated: September 8, 2021