Disbursement Information and Schedule
Important Notice to Students:
When students are ready to be disbursed their financial aid funds they will receive an email from the Financial Aid Office directing them to activate their account with Money Network. For more information about this disbursement option, please visit the IVC Cash Card website.
- Students must make a disbursement selection otherwise there will be delays in receiving their refunds.
- Please note that the fastest means of receiving a refund is either thru the Money Network debit card or as an electronic transfer to your personal checking or savings account, both electronic options.
- Money Network deposits are made the same day, transfers to your personal checking or savings accounts take 3-5 business days and paper checks 7-10 business days. Please plan accordingly.
Thursday, August 23
(for classes starting on or before 8/26/18)
Friday, September 7
Friday, September 21
||Tuesday, October 30
Friday, November 16
||All, including 2nd half of
Pell Grant and FSEOG
Information — Most funds are disbursed in half for the award year. Additionally, Pell Grant disbursements are divided into (2) payments each term. Cal Grants, Student Success Completion Grants (SSCG), and Direct Loans are first disbursed on 9/21/18 for Fall 2018, while FSEOG funds are disbursed to students on 11/16/18.
Spring Students on SAP Warning, Probation or Monitor Status — Will not be paid until the 2nd disbursement at the earliest due to the time needed for grades to be posted and academic standing calculated. Additionally, students need to maintain a 2.0 GPA and complete 70% of their enrolled coursework in order to continue to receive their financial aid. More information on the College's SAP policy is located on the Financial Aid Office website.
Scholarships — A thank you card to your donor(s) must be submitted to the Financial Aid Office before check(s) can be issued. The majority of the scholarship checks will be available for pickup in the Bursar's Office by August 20, 2018 and you will be notified by email when your check is ready. If you received an Osher Scholarship, your check will be available by September 17, 2018, as we have to verify your enrolled credit units. You must be enrolled at a minimum of 6 units and have the California College Promise Grant (formerly known as the BOG Fee Waiver). Your scholarship will be issued in two payments, one in Fall 2018 and one in the Spring 2019. If you are transferring this Fall 2018, please send your transfer information (e.g. transfer school name, address and student ID) to email@example.com so your check(s) can be sent to your new school.
ESL and Basic Skills Courses — Students will only be paid up to 30 units of enrolled coursework in ESL or Basic Skills courses. After 30 units, ESL or Basic Skills courses are not factored into the enrollment used to determine eligibility for financial aid disbursements.
Late Starting Classes — Students cannot be paid for classes until after they have started. Classes added after September 10th will not be paid until the second Pell Grant disbursement on November 16th. Be sure to register early.
Non-Residents — As the District does not have a student accounts system, you will need to pay your enrollment fees from your financial aid after receiving. Failure to pay will result in a hold being placed on your student record preventing you from registering for future terms or receiving copies of your official transcript.
Drops and Withdrawals — Students withdrawing from all of their classes, or to less-than half-time status may owe federal aid funds back to the school and/or the U.S. Department of Education. Always consult with the Financial Aid Office before dropping ANY classes or withdrawing for the term.
Pell Grant Recalculation Date — Pell Grants are not adjusted for enrollment for students (up or down) on or after 11/16/18. Please plan accordingly and register early.
Cal Grants – Cal Grants are disbursed once per semester on the 3rd disbursement which is after census. As Cal Grants are disbursed once per term, no adjustments are made after census. Please be sure to enroll full-time before census on September 10th to receive maximum benefits.
For more details please contact the Financial Aid Office.