Financial Aid Disbursement Schedule. Financial Aid Refunds When financial aid exceeds the bill resulting in a credit balance, a refund will be generated. Some forms of financial aid (like work-study funds) go directly to you. Financial Aid Disbursement Schedule and Important Dates. Disbursement. 2020-2021 Financial Aid Disbursement Dates *File Completion Date: Students will not need to accept their financial aid awards (except for the Direct Loan). Return of Financial Aid Funds Due to Withdrawal You may be required to repay federal aid if you withdraw before completing 60% of the course length. Federal school code for Northcentral is 038133 (OPEID) Step 2: You must be accepted to Northcentral before your financial aid process may begin. Please visit Refunds for more information on refund disbursement methods. Here are the steps to begin your federal student aid process: Step 1: Complete your Free Application for Federal Student Aid (FAFSA) www.fafsa.ed.gov. Enrollment level (¼, ½, ¾, full-time or full-time PLUS) is reviewed the end of the month and changes to FA processed the following month. Complete all Financial Aid … Please Note: These are estimated disbursement dates. Only students who have submitted the necessary documentation, meet all financial aid eligibility requirements, and are active in classes will receive disbursements as outlined in the above schedule. For the most part, your financial aid money goes directly to your college. At San Bernardino Valley College, the Federal Pell Grant award will be divided into two payments each semester. receive Direct Loan disbursements. When you’ve made the decision to attend college, the last thing you want to worry about is when you will receive your financial aid and any available refunds. Refer to Financial Aid Disbursement Methods on the reverse for information on choosing your disbursement option. Financial Aid Disbursement Dates; Disbursements made based on class start dates, attendance, enrollment level, and type of financial aid. By Emma Kerr , Reporter Aug. 3, … Federal aid cannot pay the following charges: Installment Plan, Short Term Loan Origination, Memorial Loan, Late Payment, Default, Excess Hours Tuition, or Repeat Course. Federal grants and loans; Scholarships; More Information About Your Financial Aid Disbursement: Flex Entry Courses. MSJC’s Financial Aid Office has provided the table below to help you quickly access the date your financial aid will be processed. Financial aid and scholarship awards are used to pay for your tuition, fees, and on-campus housing balance. Federal Direct Student Loans, grants, and scholarship refunds are made payable to the student. The first disbursement will be issued during the first week of the semester. Disbursement schedule. 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