Disbursement Schedule
Financial Aid Disbursement Process
All financial aid funds are disbursed on scheduled dates each term.The enrollment status of students for financial aid awarding and disbursement purposes is finalized at the census date of the semester. Dates are noted on the college’s academic calendar. At that time, the actual amount of federal and state grants is determined for each student. Courses that are added after census are not counted towards a student’s enrollment for financial aid awarding and disbursement.
As long as students are enrolled in an eligible program and their financial aid file is complete, students will receive two disbursements of Federal Grant aid each semester, based on their enrollment level at census date (date varies by semester) and classes actively in session. If students are enrolled in a late start class, it will be paid when their attendance begins. Federal grant aid includes Pell Grant and Supplemental Educational Opportunity Grant. Federal Direct Loans are also disbursed in two payments based on the approved loan period. Cal Grant and Student Success Completion Grant (SSCG) funds will be disbursed in one disbursement after census.
All disbursed financial aid such as grants, federal student loans and scholarships will be first applied towards current institutional fees owed to either Cañada College, College of San Mateo or Skyline College such as enrollment fees, health fees and non-resident tuition. Once all institutional fees are paid, the remaining eligible balance will be disbursed to the student. Get more information on disbursement options.
Late Start Classes:
Students enrolled in late start classes may initially receive less funds than their enrolled units but will receive additional disbursements as the late start class begins. Direct Loans will not be disbursed until the student is enrolled and attending at least six units of coursework required for their program of study.
2023-2024 Disbursement Schedule:
| Fund | Fall 2023 | Spring 2024 | Summer 2024 |
|---|---|---|---|
| Scholarships | August 3, 2023 | January 5, 2024 | |
| Pell Grant and SEOG | August 11, 2023 September 8, 2023 |
January 11, 2024 February 9, 2024 |
June 6, 2024 June 20, 2024 |
| Cal Grant and Student Success Completion Grant | September 8, 2023 | February 9, 2024 | |
|
Direct Loans* - Full Year Loan Period |
August 11, 2023 | January 11, 2024 | June 6, 2024 |
| Direct Loan* - One Semester Loan Period | Fall Only Loan: August 11, 2023 October 20, 2023 |
Spring Only Loan: January 11, 2024 March 22, 2024 |
Summer Only Loan: June 6, 2024 July 11, 2024 |
*Direct Loan Note: All first-time borrowers will be subject to a 30-day delay on their first loan disbursement. The 30-day period begins on the first day of the term, not of the loan application or approval date.
2023-2024 Loan Application Deadlines:
- Full-Year Fall 2023 & Spring 2024 semesters: Last Day to Submit: April 8, 2024
- Fall 2023 only: Last Day to Submit: November 10, 2023
- Spring 2024 only: Last Day to Submit: April 8, 2024
- Summer 2024 only: Last Day to Submit: June 21, 2024
Note: To be considered for a full year loan in the spring term, you must have completed 6 or more degree–applicable units in the fall that apply to your program and be in good student academic progress (SAP) standing. Effective Fall 2021- all loan requests will require a copy of your social security card along with a current valid government issued ID along with the completed form. Must submit a Comprehensive Student Educational Plan (SEP) with your submission.