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.
2017-2018 Disbursement Schedule:
| Fund | Fall 2017 | Spring 2018 |
|---|---|---|
| Scholarships | August 3, 2017 | January 5, 2018 |
| Pell Grant and SEOG | August 11, 2017 September 8, 2017 |
January 11, 2018 February 9, 2018 |
| Cal Grant and Full-Time Incentive Grant | September 8, 2017 | February 9, 2018 |
| Direct Loans* - Full Year Loan Period | August 11, 2017 | January 11, 2018 |
| Direct Loan* - One Semester Loan Period | Fall Only Loan: August 11, 2017 October 20, 2017 |
Spring Only Loan: January 11, 2018 March 23, 2018 |
*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.
2017-2018 Application Deadlines:
- Full-Year -Fall 2017 & Spring 2018 semesters: Last Day to Submit: April 5, 2018
- Fall 2017 only: Last Day to Submit: November 9, 2017
- Spring 2018 only: Last Day to Submit: April 5, 2018
- Summer 2018 only: Last Day to Submit: June 21, 2018
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 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.
(2) 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
- Full Name on account
- Bank/Institution Name
- 9-Digit Routing Number
- Account Number
- 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.
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.