Financial Aid Bldg

Financial Aid

Disbursement and Refund Information

The Financial Aid Disbursement date listed on the Student’s MyPortal is the date the Financial Aid office disburses the Student’s Financial Aid to the Student’s De Anza account. The disbursements are processed on Monday of each week.The Financial Aid disbursements will first cover/pay any outstanding balances due to the college. A Refund of the Student’s Financial Aid will be transmitted to BankMobile on the following Friday.

Financial Aid Disburses and Refunds on the scheduled dates when:

  • Student is approved and awarded Financial Aid
  • Enrolled in required number of units at least one week prior to the start of term
  • Student is in "Good", "Warning" or "Probation" per  Satisfactory Academic Progress

Disbursement Adjustments/ Reverse disbursements occur when students increase or reduce the number of units they are enrolled in within the add/drop period or are subject to Return of Title IV.

If you have not received your Financial Aid refund on the scheduled refund date, please check your Satisfactory Academic Progress on your MyPortal, under the Financial Aid tab.

The enrollment status of the student, i.e. full time(12+ units), three-quarter time(9-11.5), half time (6-8.5) or less than half time>6) and the student's EFC will have a proportional effect on the amount of grant money a student will receive.  You must be enrolled in 6 units to receive loan disbursements.

For more information about Disbursements, see the Federal Student Aid Website.

Students have a choice of opening a BankMobileVibe account for fastest access to their refund or having their refund transmitted via ACH to their own bank account, which usually takes a day or two extra. Students choosing neither will receive a paper check after 21 days.

ATM Locator Website  http://www.allpointnetwork.com/atm-locators.aspx

Click here to view our institution's contract with BankMobile, a Division of Customer Bank.

 

Scheduled REFUND DATES to BankMobile

Friday, July 8, 2016

Students with a 30-day delay on their loan will receive their refund on Friday, August 5, 2016.

*For Direct Loan first time borrowers there is a 30-day delay in the release of a first loan disbursement. The refund will be issued the week after the 30-day delay has past.

Friday, September 30, 2016

Friday, November 11, 2016

Students with a 30-day delay on their loan will receive their refund on Friday, November 4, 2016.
*For Direct Loan first time borrowers there is a 30-day delay in the release of a first loan disbursement. The refund will be issued the week after the 30-day delay has past.
**Cal Grants are disbursed on the Tuesday after Census.  Funds will be available via BankMobile/ACH within 14 days after that date.

Friday, January 13, 2017

Friday, February 24, 2017

Students with a 30-day delay on their loan will receive their refund on Friday, February 10, 2017.

*For Direct Loan first time borrowers there is a 30-day delay in the release of a first loan disbursement. The refund will be issued the week after the 30-day delay has past.

**Cal Grants are disbursed on the Tuesday after Census(add/drop period).  Funds will be available via BankMobile/ACH within 14 days after that date.

Friday, April 14, 2017

Friday, May 26, 2017

Students with a 30-day delay on their loan will receive their refund on Friday, May 12, 2017.

*For Direct Loan first time borrowers there is a 30-day delay in the release of a first loan disbursement. The refund will be issued the week after the 30-day delay has past.

**Cal Grants are disbursed on the Tuesday after Census.  Funds will be available via BankMobile/ACH within 14 days after that date.

We disburse funds weekly as Financial Aid Applications are received, reviewed and processed.  Please check your MyPortal to verify all requirements have been met.





Financial Aid
Building:
Baldwin Winery
Contact:
FinancialAid@deanza.edu
Phone:
408.864.8718

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Last Updated: 11/15/16