Disbursement

Financial aid money is distributed to eligible students through a process called disbursement. Learn what’s involved.

About Disbursement

Financial aid disbursement is a payment made to students to refund the cost of tuition and living expenses, with the total amount of aid dependent upon your enrollment status and eligibility. You receive your financial aid according to the semester's disbursement schedule, typically as a set of two payments – one at the start of the term, and one half-way through.

Disbursement Schedule 2026-27 (pdf) 

Enrollment Requirements

Unit checks are done approximately two weeks before each disbursement date.

  • CalGrant and Direct Loan recipients must be enrolled at least half-time, or 6 units, in an approved academic program.
  • Remaining in classes is important; if you drop classes that you received funding for, you may be asked to repay those funds. 

What may cause a disbursement delay?

Changes to your FAFSA or Admissions applications, including changing your home college location, are likely to cause delays to your financial aid eligibility and disbursements. Disbursement dates are contingent upon funding and are subject to change without notice.

Receive Your Aid with BankMobile Disbursements

MVC delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Information on how to make that choice will be sent once your financial aid application is processed and your award letter sent. Change your refund preference at any time by logging into your BankMobile Disbursements profile. 

View our third-party servicer contract for refund management.

Keep your address and phone number up to date

If your contact information has changed, make sure to update your mailing address and phone number through MyPortal or by contacting Admissions and Records. Your mailing address must be designated as your Preferred Mailing Address.

BankMobile Tools

Banking Options

Two Column
 

Allpoint® ATMs

To find Allpoint ATMs near you, you can either: 

  • Download the Allpoint®-Surcharge-Free ATM app on your phone 
  • Use the ATM finder on the Allpoint® website 
  • Call 1 (800) 809-0308 and select option 2 for the Voice Assistance ATM Locator 
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