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Disbursement Information and Schedule

Important Notice to Students:

The South Orange County District is changing student financial aid disbursing vendors in December 2018.  All future student financial aid disbursements will be processed through Nelnet.  Students will need to create a new account with Nelnet to ensure their financial aid funds are disbursed to them accordingly.  Funds remaining on student’s IVC Cash Card will still remain accessible.  No new cards will be issued with Nelnet. An email will be coming out in the next several weeks directing students on how to setup their account with Nelnet before the first Spring 2019 disbursement on January 18, 2019.

After students are awarded their financial aid, they will receive an email notification from the Financial Aid Office directing them to create an account with Nelnet.   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 through the electronic transfer of funds to your personal checking or savings account. 

​Disbursement # for Term

​Disbursement Date

​Funds Included

​1

​Friday, January 18

(for classes starting on or before 1/20/19)

​Pell Grant

​2

​​Thursday, February 7

Pell Grant

​3

Thursday, February 21

​All

​4

Thursday March 7

​All

​5

​Monday, March 25

​All

​6

Friday, April 12

​All, including 2nd half of

Pell Grant and FSEOG

​7

Tuesday, May 7​

​All

General 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 2/21/19 for Spring 2019, while FSEOG funds are disbursed to students on 4/12/19.

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 on the first day of classes during the Fall semester and you will be notified by email when your check is ready. If you received an Osher Scholarship, your check will be equally divided between the Fall and Spring semester.  Spring 2019 Osher Scholarship checks will not be available for pickup until the week of February 18th.  You must be enrolled at a minimum of 6 units and have the California College Promise Grant (formerly known as the BOG Fee Waiver).

 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 February 7th will not be paid until the second Pell Grant disbursement on April 12th. 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 4/5/19. 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 disbursement. Please be sure to enroll full-time by February 7, 2019 for the Spring semester in order to receive maximum benefits.

For more details please contact the Financial Aid Office.