What Does Refund mean?

Refund is the process of turning your financial aid offer into a payment. You must meet all eligibility requirements in order for the Financial Aid Office to request a refund of funds.

Pell Grant

These grants are disbursed in two (2) payments per semester.

• Your Pell payment will be calculated based upon your enrollment status (full-time, three-quarter time, half-time, less than half-time) at the time of refund.

Cal Grant

The Cal Grant is disbursed in one payment each semester. The Cal Grant payment will be based upon your enrollment status at the time of the calculation and refund. You must maintain at least half-time (6 approved units) enrollment to be eligible for payment.

FSEOG

The FSEOG is disbursed in one payment each semester. You must maintain at least half-time (6 approved units) enrollment to be eligible for payment.

Nursing Loans

Students must be accepted into the MJC Nursing Program to be eligible for these funds. Awards are made on a first-come, first-served basis, according to file complete date. Loans are disbursed in one payment each semester, for a maximum of four semesters.

Financial Aid Anticipated Refund Schedule

Fall 2011

1st payment      Aug. 25, 2011
2nd payment     Oct. 27, 2011

Spring 2012

1st payment      Jan. 5, 2012
2nd payment     Mar. 8, 2012

Summer 2012

Summer Award Notices will be emailed beginning Summer 2012 semester

Summer Pell Refunds will be paid from any remaining Pell eligibility you may have left over from the 2011-2012 academic year. 

May 24, 2012       1^st  Summer refund
June 7, 2012        Newly awarded or late start classes
June 21, 2012      Newly awarded or late start classes
July 12, 2012       Newly awarded or late start classes
July 26, 2012       Newly awarded or late start classes
August 9, 2012    Newly awarded or late start classes

If you do not meet the eligibility requirements until after the first refund, payments will be made throughout the semester as eligibility requirements are met.

Students who are enrolled in late starting classes will not receive their financial aid disbursement until the class begins.

Students who are not in Satisfactory status or are on Appeal status may experience a delay in their refund until grades are posted at the beginning of the term.

How Are Refunds Disbursed?

You will be issued a MyYCCD Debit Mastercard which will be used as the key for unlocking your refund preference. DO NOT throw away the MyYCCD card when you receive it in the mail. You will need the 16-digit number on the card to log on to www.myyccdcard.com to choose a refund preference:

• Activate the MyYCCD card to directly deposit your financial aid funds to the card;
• Direct your financial aid refund to an account of your choice; or
• Have your refund sent by paper check.