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Disbursement and Refund Information

BankMobile

De Anza College partners with BankMobile Disbursement to deliver your financial aid refunds and other credit balances.  For more information regarding refund choices, please visit BankMobile Disbursement Refund Choices. Students have a choice of opening a BankMobileVibe account for fastest access to their refund or having their refund transmitted via ACH to their own bank account, which usually takes a day or two extra. Students choosing neither will receive a paper check after 21 days.

ATM Locator Website  http://www.allpointnetwork.com/atm-locators.aspx

Click here to view our institution's contract with BankMobile, a Division of Customer Bank.

Disbursement to De Anza Account

The Financial Aid Disbursement date listed on the Student’s MyPortal is the date the Financial Aid office disburses the Student’s Financial Aid to the Student’s De Anza account. The disbursements are processed on Monday of each week.The Financial Aid disbursements will first cover/pay any outstanding balances due to the college. A Refund of the Student’s Financial Aid will be transmitted to BankMobile on the following Friday.

Financial Aid Disburses and Refunds on the scheduled dates when:

Disbursement Adjustments/ Reverse disbursements occur when students increase or reduce the number of units they are enrolled in within the add/drop period or are subject to Return of Title IV.

If you have not received your Financial Aid refund on the scheduled refund date, please check your Satisfactory Academic Progress on your MyPortal, under the Financial Aid tab.

The enrollment status of the student, i.e. full time(12+ units), three-quarter time(9-11.5), half time (6-8.5) or less than half time>6) and the student's EFC will have a proportional effect on the amount of grant money a student will receive.  You must be enrolled in 6 units to receive loan disbursements.

For more information about Disbursements, see the Federal Student Aid Website.


Scheduled REFUND DATES to BankMobile


SUMMER QUARTER

Friday, July 14, 2017

Students with a 30-day delay on their loan will receive their refund on Friday, August 1, 2017.

*For Direct Loan first time borrowers there is a 30-day delay in the release of a first loan disbursement. The refund will be issued the week after the 30-day delay has past.

FALL QUARTER

Friday, September 29, 2017

Friday, November 3, 2017

Students with a 30-day delay on their loan will receive their refund on Friday, November 4, 2016.
*For Direct Loan first time borrowers there is a 30-day delay in the release of a first loan disbursement. The refund will be issued the week after the 30-day delay has past.
**Cal Grants are disbursed on the Tuesday after Census.  Funds will be available via BankMobile/ACH within 14 days after that date.

WINTER QUARTER

Friday, January 12, 2018

Friday, February 16, 2018

Students with a 30-day delay on their loan will receive their refund on Friday, February 10, 2017.

*For Direct Loan first time borrowers there is a 30-day delay in the release of a first loan disbursement. The refund will be issued the week after the 30-day delay has past.

**Cal Grants are disbursed on the Tuesday after Census(add/drop period).  Funds will be available via BankMobile/ACH within 14 days after that date.

SPRING QUARTER

Friday, April 13, 2018

Friday, May 18, 2018

Students with a 30-day delay on their loan will receive their refund on Friday, May 12, 2017.

*For Direct Loan first time borrowers there is a 30-day delay in the release of a first loan disbursement. The refund will be issued the week after the 30-day delay has past.

**Cal Grants are disbursed on the Tuesday after Census.  Funds will be available via BankMobile/ACH within 14 days after that date.

We disburse funds weekly as Financial Aid Applications are received, reviewed and processed.  Please check your MyPortal to verify all requirements have been met.




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