Disbursement Information

Refund Selection Kit

Your Refund Selection Kit will be sent by mail to your mailing address. It will arrive in a bright green envelope and contain your Personal Code. Once you have your code, follow these steps:

  1. Visit RefundSelection.com
  2. Enter your unique Personal Code
  3. Select how you’d like to receive your money:
    • Electronic deposit to another account
    • Electronic deposit to a BankMobile Vibe account
  4. Complete your profile

Don’t have your personal code? Go to RefundSelection.com to track it online.

 

Contact the Financial Aid Office if:
If you have not received your Refund Selection Kit
Need to verify your ID (Must come to the office in person)

 

There are now three major financial aid disbursements per semester:

  • One disbursement (25% Pell) will occur four days before school starts
  • The second disbursement (25% Pell) will be by the end of the third week of school
  • The third disbursement (50% Pell) will be in the middle of the semester for all students eligible for payments by those dates

How Much Will I Receive?

How much funding you receive depends on the number of units you are enrolled in and what type of financial aid you have been provided.

The enrollment status of the student at the time that funds are prepared for disbursement will be used to determine the payment amount. For purposes of financial aid, enrollment status is defined as outlined in the table below.

Enrollment Number of Units
Full-Time 12 or more
¾ Time 9 – 11.5
½ Time 6 – 8.5
< ½ Time 5.5 or less
  • Please keep in mind that most financial aid funds are disbursed in two to three payments for each term. For example, Pell grants are disbursed 25% before the term starts, 25% the third week of school, and 50% at the midpoint. You can view your financial aid by semester on your student center by logging into Passport.
  • Loans are not prorated. The full amount of loan funds for the semester will be disbursed as long as the student is enrolled in a minimum of six units.
  • If you are enrolled part-time (fewer than 12 units), you may receive a partial payment of Cal Grant, Federal Pell Grant. If your enrollment status increases so that you qualify for additional funds, you may receive a supplemental payment.

Pell Grant recipients who change enrollment status (adding or dropping classes) will have their eligibility recalculated based on their enrollment status as of the Financial Aid census date for each semester, typically on the last day to add/drop a class. Students who are enrolled less than full-time at the time of the initial disbursement and who later add classes prior to the enrollment census date, will receive a subsequent disbursement based on the new updated enrollment status to reflect the correct payment eligibility (3/4 time or full-time). Likewise, Pell Grant funds will be recalculated for students who drop classes before the census and the revised Pell Grant will be based on “census” enrollment status. In some instances, this recalculation may result in repayment of funds already disbursed as a result of the reduction in units following the disbursement of Pell Grant funds.

Cal Grants are generally disbursed in one payment per term. Students who are initially deemed eligible by the college for Cal Grant before FA census date will be disbursed based the student enrollment status as of FA census date. Students who are initially deemed eligible by the college for Cal Grant after FA Census date will be disbursed based on the recipient current enrollment status at time of disbursement. Students who are initially deemed eligible for Cal Grant by the college after the term has ended will be disbursed based on the number of units completed for the term.

Adjustments can be made to initial Cal Grant disbursements based on increases to student enrollment load.

The first Cal Grant disbursement will occur at the end of the fourth week for every term. After the first disbursement, Cal Grants are disbursed weekly throughout the term as students become eligible for the funds.

Disburement Information & FAQs

You must meet all requirements in order for your financial aid to be disbursed. Some of the general requirements to receive payment of funds include:

  • Submission of all required documents
  • Meeting all satisfactory academic progress (SAP) requirements
  • Enrollment for term

Specific Disbursement Requirements:

Please note that certain student aid programs may have very specific disbursement requirements in addition to the general disbursement requirements. For example, Cal Grant recipients must be California residents whereas some scholarship programs require that students be enrolled full-time to receive any scholarship funds. These special requirements must be met in order for those funds to be disbursed.

The Peralta Community College District has partnered with BankMobile (Formerly HigherOne, Inc.), a financial services company, to implement a new method of Financial Aid disbursement to the campuses.

Once you receive your Bank Mobile Personal Code follow these three steps:

  1. Visit the website  www.refundselection.com
  2. Set upEnter your personal code to get started.
  3. Choose the refund option that is best for you. (BankMobile Vibe Account or Direct Deposit)

Students will have 2 choices to receive their disbursement:

  1. BankMobile Vibe account–  Same-day deposits to students’ BankMobile account (Debit Card). If you choose this option, BankMobile will send you a Debit Card within 5-7 business days.
  2. Direct deposits to another bank account (i.e. Wells Fargo, Bank of America, Credit Union, etc…) If you choose this option, refunds available in additional 2-3 business days.

The Financial Aid Office works in conjunction with Student Financial Services to pay accepted financial aid awards to students. These payments are called “disbursements” and begin the week before classes start each semester.

Financial Aid is disbursed to eligible students as early as the Friday before the first day of classes each semester, and weekly thereafter.

All financial aid will first be applied to institutional charges, which include tuition and mandatory state and campus fees. Any remaining financial aid after institutional charges are paid will then be refunded to the student.

Go to the PCCD Financial Aid Disbursement page for estimated disbursement dates.