Grant and Loan Disbursement Dates

 
Please be advised dates are subject to change without notice.
 
In order to receive your loan disbursement on the published date you must complete steps 1-3 of the loan application process 10 business days before the published disbursement date.
 
In order to receive your grant disbursement on the published date your financial aid eligibility must already be determined at least 10 business days before the published disbursement date.
 
Grant and loan funds are disbursed according to the preference selected on www.canyonschoicecard.com.
 
Beginning with the Fall 2014 semester, College of the Canyons will be splitting financial aid grant and loan disbursements into TWO PAYMENTS each term. 
 
Pell grants are disbursed in two payments per semester. Your first Pell grant disbursement will be based upon your enrollment status (full time, three-quarter time, half-time, or less than half time) at the time funds are ordered from the U.S. Department of Education. Your enrollment status will be reevaluated and adjustments to your Pell grant disbursement will be made based on your enrollment status as of the time funds are ordered for your second disbursement.  You may be required to repay all or a portion of the money you receive if you withdraw from any or all of your classes. Adjustments to Pell grant disbursements will no longer be made after the second scheduled disbursement.
 
 

Spring 2015​

February 11, 2015​ ​First Spring Disbursement
​March 4, 2015 ​Disbursement
​March 25, 2015 ​First Year First Time Borrower** Disbursement; First Spring Cal Grant Disbursement; First Spring SEOG Disbursement; Disbursement
​April 15, 2015 ​Disbursement
April 29, 2015 Second ​Spring Disbursement
​June 3, 2015 Disbursement; Last Spring Only Loan Disbursement
​ ​

​Summer 2015

Summer Pell Grants are disbursed if the student has remaining Pell Grant entitlement AND the student maintains Satisfactory Academic Progress AND the student is enrolled AND the student's summer classes have begun.
 
No funds will be disbursed until ALL student's academic progress has been evaluated.  This will occur after all Spring grades have been posted.​
 
July 15, 2015​ ​First Summer Disbursement
​July 29, 2015 ​Second Summer Disbursement
​August 19, 2015 Last Summer Loan Disbursement; Disbursement
​September 15, 2015 ​Disbursement
​ ​

Fall 2015

August 26, 2015​ First Fall Disbursement
​September 30, 2015 ​First Year First Time Borrower** Disbursement; First Fall Cal Grant Disbursement; First Fall SEOG Disbursement; Disbursement
​October 21, 2015 Disbursement
November 18, 2015​ ​Second Fall Disbursement
​December 11, 2015 ​Disbursement; Last Fall Only Loan Disbursement
​January 20, 2016 ​Grant Disbursement
​ ​

Spring 2016​

February 10, 2016​ ​First Spring Disbursement
​March 9, 2016 ​First Year First Time Borrower** Disbursement; First Spring Cal Grant Disbursement; First Spring SEOG Disbursement; Disbursement
​April 13, 2016 ​Disbursement
May 4, 2016 Second ​Spring Disbursement
​June 1, 2016 Disbursement; Last Spring Only Loan Disbursement
​ ​

​Summer 2016

Summer Pell Grants are disbursed if the student has remaining Pell Grant entitlement AND the student maintains Satisfactory Academic Progress AND the student is enrolled AND the student's summer classes have begun.
 
No funds will be disbursed until ALL student's academic progress has been evaluated.  This will occur after all Spring grades have been posted.​
 
July 13, 2016​ ​First Summer Disbursement
​July 27, 2016 ​Second Summer Disbursement
​August 17, 2016 Last Summer Loan Disbursement; Disbursement
​September 14, 2016 ​Disbursement

Federal regulations require that any school with a Cohort Default Rate above 10%:​ ​

*Must make two disbursements of a loan that is certified or originated for a single term.  The second disbursement may not be paid until the calendar midpoint of the term.

**Must delay the initial loan disbursement to all First Year/First Time borrowers by 30 days from the start of the semester or term.