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. Student loans are disbursed in TWO PAYMENTS per semester.
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.refundselection.com.
Fall and Spring Pell Grants
Fall and Spring 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 or on the recalculation date/freeze date (if the recalculation date differs from the order date) or on the students' last day of attendance, whichever occurs first.
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 (or recalculation date, if the recalculation date differs from the order date).
Fall and Spring SEOG and State Grants (Cal Grant, SSCG)
Fall and Spring SEOG and State Grants (Cal Grant, SSCG) are disbursed 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, the California Student Aid Commission and the state. Adjustments to SEOG and state grant disbursements will no longer be made after the second scheduled disbursement.
Summer Financial Aid
No funds will be disbursed until ALL student's academic progress has been evaluated. This will occur after all Spring grades have been posted.
Summer Grants are limited to the Federal Pell grant and occasionally if funding permits, the SEOG. Summer SEOG grants are only available if funding remains for the SEOG program after Fall and Spring. There are no State Grants disbursed in Summer.
Summer grants are disbursed in one payment for the semester. Your Summer 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. No adjustments will be made due to changes in enrollment status; therefore, units added after funds are ordered will not be counted.
Disbursements for Late Start Classes
Disbursement of Grant and Loan Funds for LATE START classes. Federal regulations REQUIRE that College of the Canyons disburse financial aid funds ONLY for classes that have already begun. If you are enrolled in classes that begin later in the term, you WILL NOT receive grant or loan funds for those classes until after they have started. If you are borrowing student loans, you WILL NOT receive your loan funds until you have BEGUN ATTENDING at least 6.0 units (half-time).
Disbursement Date Disbursed August 23, 2023 September 20, 2023 October 11, 2023 November 1, 2023 November 22, 2023 December 6, 2023 January 17, 2024
Disbursement Date Disbursed February 7, 2024 February 28, 2024 March 20, 2024 April 17, 2024 May 15, 2024 May 29, 2024
Disbursement Date Disbursed June 26, 2024 July 17, 2024 August 7, 2024 September 4, 2024 October 2, 2024
Disbursement Date Disbursed June 28, 2023 July 19, 2023 August 16, 2023 September 27, 2023
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.
The Cohort Default Rate for College of the Canyons is below 10%; therefore, beginning with the 2021-2022 Award Year, the initial loan disbursement to First Year/First Time borrowers will not be delayed by 30 days from the start of the semester or term.