Refund Policy and Dates

What Does Financial Aid 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 Student Financial Services Office to request a refund of funds.

Important: Refunds are based on the number of units you are officially registered for at the time of calculation and is as follows:

Federal Pell Grant

Once the annual Federal Pell Grant is determined, half of the award will be offered in each semester of the award year and will be prorated by Enrollment Intensity Levels instead of Enrollment Levels.

Number of Units	Enrollment Levels	Enrollment Intensity
12 (or more)	Full-Time: 100%	100%
11	Three-Quarter Time: 75%	92%
10		83%
9		75%
8	Half-Time: 50%	67%
7		58%
6		50%
5	Less Than Half Time: 25%	42%
4		33%
3		25%
2		17%
1		8%

 

If you drop or add units during the semester there will be a recalculation of funds. You may be subject to repaying your financial aid funds if you drop a class or drop all of your classes. It is your responsibility to review Financial Aid Terms of Agreement.

Refund Policy

If you are on a Wait List or enrolled in late-start classes, funds will NOT be sent until the course has been added and class has begun. 

Pell Grant

Your Pell payment is disbursed in two (2) payments per semester and will be calculated based upon your enrollment status at the time of refund. Dropping units by the 2nd refund date will may cause you owe back all or part of your first refund. If you drop all units before 60% of the semester is completed, you may owe a repayment of your Federal Pell award according to the Return of Title IV Funds Regulation.

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.

NO FUNDS will be disbursed until ALL student’s academic progress has been evaluated for Satisfactory Academic Progress (SAP)!

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

How Are Refunds Disbursed?

Yosemite Community College District delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Visit disbursements for more information. 

Review our third-party servicer contract for refund management.