Summer 2017 Disbursement Schedule
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.
- Students not choosing a refund
option will automatically receive a paper check.
- 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
- 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.
Tuesday, June 6
(for classes starting on or before 6/5/17)
Thursday, June 29
(for classes starting on or before 6/25/17)
Thursday, July 27
(all Summer classes)
Wednesday, September 20
(last disbursement for 2016-2017 school year)
Information - Most funds are disbursed in half for the award year. Additionally, Pell Grant
disbursements are divided into (2) payments each term. Cal Grants, Full-Time
Student Success Grant (FTSSG) and Direct Loans are first disbursed on 6/29/17,
while FSEOG funds are disbursed to students on 7/27/17.
Scholarships – For non-transfer students, scholarship
checks are available for pickup in the Bursar’s Office in mid-September after
census. All students must first submit a
donor thank you card to the Financial Aid Office. Students will receive an email notification
when their check(s) is ready for pickup. Osher Scholarship recipients must
be enrolled at least half-time at IVC and will have their award split between
the Fall and Spring semesters. For
more details please contact the Financial Aid Office.
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 5th will not be paid until the second Pell Grant disbursement on November 16th. Be sure to register early.
Drops and Withdrawals – Students withdrawing from all of their classes before 7/13/17
may owe federal aid funds back to the U.S. Department of Education. Additionally, students dropping below half-time on or before 7/14/17 may also owe a federal Pell Grant overpayment. Please
consult with a Financial Aid Office staff member 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 7/13/17. Please
.For more details please contact the Financial Aid Office.