Aid Disbursement

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Financial Aid Disbursement Information

All financial aid awards posted under MyECC are estimated awards. Most federal and state financial aid payments made to students are based upon cumulative satisfactory academic progress and enrollment status.

Students who are disqualified due to not meeting Satisfactory Academic Progress (SAP) will not receive a disbursement unless they have an approved SAP appeal. Visit the Satisfactory Academic Progress (SAP) website for additional information. Students who are on an approved Lock-in-List cannot have their Financial Aid disbursed until their classes/units are verified at the census date for the term; please expect a delay in processing your financial aid.

All disbursement dates are estimated; the Financial Aid Office cannot guarantee the date you will receive your funds. We recommend you have an alternate plan if there is a delay in your funding.

Students who meet the priority deadline of July 1 will be paid on the first scheduled disbursement of the semester. Students who do not meet the July 1 priority deadline will be paid approximately 3-4 weeks after they receive notification that their financial aid file has been awarded.

 

Fall 2023 Estimated Payment Dates*
Pell First Disbursement (12% of the Annual Pell Award) 8/25/2023
Pell Second Disbursement (13% of the Annual Pell Award) & SEOG Disbursement 9/22/2023
Cal Grant First Disbursement (Future awards disbursed every two weeks during the term) 9/29/2023
Direct Loan First Disbursement 9/29/2023
Pell Third Disbursement (25% of the Annual Pell Award) or Total Fall 2023 Pell Grant award for eligible students who have not yet received their first payment 11/10/2023
Direct Loan Second Disbursement 11/17/2023

 

*If you do not select a disbursement preference, a check will be mailed 21 days after BankMobile receives the disbursement

 

Spring 2024 Estimated Payment Dates*
Pell First Disbursement (12% of the Annual Pell Award) 2/9/2024
Pell Second Disbursement (13% of the Annual Pell Award) & SEOG Disbursement 3/8/2024
Cal Grant First Disbursement (Future awards disbursed every two weeks during the term) 3/15/2024
Direct Loan First Disbursement 3/15/2024
Pell Third Disbursement (25% of the Annual Pell Award) or Total Spring 2024 Pell Grant award for eligible students who have not yet received their first payment 5/3/2024
Direct Loan Second Disbursement 5/10/2024

 

*If you do not select a disbursement preference, a check will be mailed 21 days after BankMobile receives the disbursement

 

Summer 2024 Estimated Payment Dates*
Summer 2024 Pell Only Full Disbursement 6/14/2024

 

*If you do not select a disbursement preference, a check will be mailed 21 days after BankMobile receives the disbursement
Enrollment Status per Term
Enrollment Status Units Enrolled Payment Status
Full Time 12 Units 100%
Three-Quarter Status 9-11.99 75%
Half Time 6-8.99 50%
Less Than Half Time .5-5.99 Approx 25%

Important Disbursement Information

The Census Date for classes to be counted towards Financial Aid is based on the last class added to your schedule.

All units you're enrolled in at the time you add your last class for the term will determine the Census Date in order for units to count towards your financial aid.

Students who are waitlisted and have already received their Pell payment based on their original enrollment, may receive the difference based on the Census Date of the last class added, at a later payment date. Payments can increase, be reduced or remain the same, based upon your enrollment at the time your last class is added to your schedule. A recalculation will occur for all late start classes added later in the semester.

 

Pell Grant is normally disbursed in three payments per semester. First payment is 12%, second payment is 13% and third payment is 25% of the annual award.

Winter units are added to Spring units for Pell Grant purposes and will be paid during Spring disbursements. Payment of Pell and Cal Grant is prorated based on a student's enrollment status per term.

Questions? Contact Us

Financial Aid

Student Services Building 248 & 229

Business hours SSB-229 (In-Person)

Monday-Friday: 8:00 a.m. - 5:00 p.m.

 

Phone: (310)660-3593 ext. 5493

Online Support: FA Help Desk

Business hours Help Desk (Virtual):
Monday-Thursday: 8:30 a.m. - 6 p.m.
Friday: 8:30 a.m. - 3 p.m.

Email: eccfaid@elcamino.edu