Fall 2020 full term course 60% date: October 30, 2020 Spring 2021 full term course 60% date: April 07, 2021 Financial aid and scholarship awards are used to pay for your tuition, fees, and on-campus housing balance. receive Direct Loan disbursements. Financial Aid Refunds When financial aid exceeds the bill resulting in a credit balance, a refund will be generated. At San Bernardino Valley College, the Federal Pell Grant award will be divided into two payments each semester. 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. 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. 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. 2020-2021 Financial Aid Disbursement Dates *File Completion Date: Students will not need to accept their financial aid awards (except for the Direct Loan). Financial Aid Disbursement Schedule. Financial Aid Disbursement Dates; Disbursements made based on class start dates, attendance, enrollment level, and type of financial aid. Federal grants and loans; Scholarships; More Information About Your Financial Aid Disbursement: Flex Entry Courses. 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. Please visit Refunds for more information on refund disbursement methods. The first disbursement will be issued during the first week of the semester. Refer to Financial Aid Disbursement Methods on the reverse for information on choosing your disbursement option. Please Note: These are estimated disbursement dates. Disbursement. Financial aid disbursement is the process by which financial aid money gets paid to the institution or person that it needs to go to. Disbursement schedule. Financial aid files must be completed by the File Completion Date in order to have the Santiago Canyon College Financial Aid … Federal Direct Student Loans, grants, and scholarship refunds are made payable to the student. By Emma Kerr , Reporter Aug. 3, … College financial aid disbursement typically takes place sometime between 10 days before and 30 days after classes start. For the most part, your financial aid money goes directly to your college. Complete all Financial Aid … Financial Aid Disbursement Schedule and Important Dates. Some forms of financial aid (like work-study funds) go directly to you. 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