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Disbursement

Financial Aid Disbursement Process

All financial aid funds are disbursed on scheduled dates each term. As long as students are enrolled in an eligible program and their financial aid file is complete, students will receive two disbursements of Federal Grant aid each semester, based on their enrollment level and classes actively in session. If students are enrolled in a late start class, it will be paid when their 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 such as grants, federal student loans and scholarships will be first applied towards current institutional fees owed to either Cañada College, College of San Mateo or Skyline College such as enrollment fees, health fees and non-resident tuition. Once all institutional fees are paid, the remaining eligible balance will be disbursed to the student. For more information on disbursement options, please visit here.

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.

BankMobile Financial Aid & Scholarship Refunds

The San Mateo County Community College District (SMCCCD) has partnered with BankMobile Disbursements to deliver your financial aid and scholarship refund. We are committed to delivering 100% of your refund at no cost, providing students with clear choices and offering great customer service. Find out more about how BankMobile works.

Options for Receiving Your Refund

  • Electronic Deposit To Your Bank Account
    Money is transferred to your bank account the same business day BankMobile receives funds from your school. Typically, it takes 1 - 2 business days for the receiving bank to credit the money to your account.
  • Electronic Deposit To A BankMobile Vibe Account
    If you open a BankMobile Vibe account (upon identity verification), money is deposited the same business day BankMobile receives funds from your school. Find out more about BankMobile Vibe.

How to Select Your Refund Option

Follow these steps to make your refund preference selection (you can change your preference at any time):

  1. Visit refundselection.com
  2. Enter your PERSONAL CODE
  3. Select how you want your money delivered

Your Personal Code

You will receive a PERSONAL CODE that you will need in order to make a decision on how you would like to receive your refunds.

You can get your personal code in these three ways:

  • MAIL: Look out for the green envelope; your code will be sent to the address you have on file with SMCCCD.
  • EMAIL: BankMobile will send you an email with your code.
  • ON DEMAND: Visit refundselection.com and click on the “Need A Code?” link.

You may use any personal code assigned to you to make your refund preference selection.

Questions about BankMobile?

Questions about BankMobile or BankMobile Vibe?  Visit their site to review FAQ’s, access social media accounts or contact a service agent.



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