Disbursement

Financial Aid Disbursement Process

All financial aid funds are disbursed on scheduled dates each term. As long as you are enrolled in an eligible program and your file is complete, you will receive two disbursements of Federal Grant aid each semester, based on your enrollment level and classes actively in session. If you are enrolled in a late start class, it will be paid when your attendance begins. Federal grant aid includes Pell Grant and Supplemental Educational Opportunity Grant. Federal Direct Loans are also disbursed in two payments based on the approved loan period. Cal Grant and Full-Time Incentive Grant funds will be disbursed at the beginning of the semester.

All disbursed financial aid (grants, federal student loans, and scholarships) will be first applied towards current institutional fees you may owe Cañada College, College of San Mateo or Skyline College such as enrollment fees, health fees and nonresident tuition. For the majority of students, your financial aid award is generally more than the amount owed, and you will be paid the remaining balance, commonly referred to as a financial aid refund.

Late Start Classes:

Students enrolled in late start classes may initially receive less funds than their enrolled units but will receive additional disbursements as the late start class begins. Direct Loans will not be disbursed until the student is enrolled and attending at least six units of coursework required for their program of study.

2016-2017 Disbursement Schedule:

Fund	Fall 2016	Spring 2017
Scholarships	August 5, 2016	January 6, 2017
Pell Grant and SEOG	August 12, 2016 September 9, 2016	January 12, 2017 February 10. 2017
Cal Grant	August 12, 2016	January 12, 2017
Direct Loans* - Full Year Loan Period	August 12, 2016	January 12, 2017
Direct Loan* - One Semester Loan Period	Fall Only Loan: August 12, 2016 October 14, 2016	Spring Only Loan: January 12, 2017 March 17, 2017

*Direct Loan Note: All first time borrowers will be subject to a 30-day delay on their first loan disbursement. The 30-day period begins on the first day of the term, not of the loan application or approval date.

2016-2017 Application Deadlines:

Full-Year -Fall 2016 & Spring 2017 semesters: Last Day to Submit: April 6, 2017
Fall 2016 only: Last Day to Submit: November 10, 2016
Spring 2017 only: Last Day to Submit: April 6, 2017
Summer 2017 only: Last Day to Submit: June 23, 2017

Note: To be considered for a full year loan in the spring term, you must have completed 6 or more degree–applicable units in the fall that apply to your program AND be in good SAP standing.

Deduction of Fees

Financial Aid (grants, federal student loans, and scholarships) will first be used to reduce current institutional debt you owe to Skyline College, College of San Mateo, or Cañada College, including enrollment fees, health fees, and nonresident tuition. If your financial aid is more than the amount owed, you will be paid the remaining balance.

Options for Receiving Your Financial Aid Payment

During the enrollment process, students can choose one of two preferred methods for receiving financial aid or scholarship funds from the college: (1) having funds transferred via direct deposit (also called ACH Transfer) to their existing checking or savings account, or (2) having funds loaded directly to the SMCCCD Disbursement Prepaid Card .

(1) How to Enroll for SMCCCD Direct Deposit (ACH Transfer)

Go to www.enroll.moneynetworkedu.com and click “Enroll Now”
Provide your bank or financial institution account information
1. Full Name on account
2. Bank/Institution Name
3. 9-Digit Routing Number
4. Account Number
5. Account Type
Select your disbursement method and agree to terms & conditions
Confirm your ACH Information and submit

It may take up to a week to validate your direct deposit account number. While this process is pending, if you have a financial aid refund, it will be mailed to you in a paper check.

(2) How to Enroll for the SMCCCD Disbursement Prepaid Card

Go to www.enroll.moneynetworkedu.com and click “Enroll Now”
Enter your Skyline College Student ID (G Number), date of birth, and your '@my.smccd.edu' email address.
Select your disbursement method and agree to the terms & conditions.

Benefits of SMCCCD Disbursement Prepaid Card

It’s not a credit card, so you can only spend what’s available on the card.
Delivers fast and secure access to your financial aid balance or scholarship. You don’t have to worry about losing a check.
Access account information anytime and anywhere using the Money Network® Mobile App (available for download at the App Store & Google Play).
Withdraw money at no charge when using Allpoint® Network ATMs, America’s largest network of surcharge-free ATMs and download the Money Network® Mobile App.
No overdraft, minimum, or monthly fees.
As an added service, San Mateo Credit Union will also provide free ATM access for card holders.

To learn more about the SMCCCD Disbursement Prepaid Card features & benefits, please visit www.mycampusfunds.com.

Paper Checks

If you do not choose one of the two funding options, your funds will be sent to you by paper check. Paper checks may take up to an additional 7 to 10 days after your financial aid funds are disbursed. All checks are mailed to the student and will be sent to your address in WebSMART.

Please note that if you have more than one address type, the Mailing Address has priority and will be used instead of the Legal Address. It is your responsibility to ensure your address information is correct at all times.

Paper checks are not only the slowest method for you to receive your funds but also the least secure due to the risk of loss, theft and fraud. Sign up to receive your funds electronically.

Additional Information About Disbursement

The Financial Aid Offices at College of San Mateo, Cañada College, and Skyline College provide students with electronic financial aid disbursement services through Money Network® under a multi-year contract negotiated between the San Mateo County Community College District and Blackboard. The contract and addendum are available for public inspection.