When does my money arrive?

Your award letter will include a Financial Aid Disbursement Date. This is the date when your financial aid funds are "disbursed," which means they are deposited into your student account at De Anza. This money will be applied first to any outstanding charges that you owe to the college. The remaining money will then be “refunded” to you – through an electronic transfer to your personal account at BankMobile or another bank of your choosing, or through a paper check if you prefer.

Upcoming Refund Dates

Here are the upcoming refund dates when funds will be released to BankMobile. It takes an additional day or two if you choose to have BankMobile send the funds to another bank account, or an additional 21 days if you choose to receive a paper check.

Summer Quarter

               Friday, July 13, 2018

Fall Quarter

Friday, Sept. 28, 2018

Friday, Nov. 9, 2018

Direct Loan 1st time borrowers will see a 30-day delay in the release of their first loan disbursement. The refund will be issued the week after that 30-day period. Students with a 30-day delay will receive their refund on Friday, Nov. 2, 2018.

Cal Grants are disbursed on the Tuesday after the add/drop period ends. Funds will be available from BankMobile or your bank within 14 days after that date.

Winter Quarter

Friday, Jan. 11, 2019

Friday, Feb. 22, 2019

Direct Loan 1st time borrowers will see a 30-day delay in the release of their first loan disbursement. The refund will be issued the week after that 30-day period. Students with a 30-day delay will receive their refund on Friday, Feb. 10, 2017.

Cal Grants are disbursed on the Tuesday after the add/drop period ends. Funds will be available from BankMobile or your bank within 14 days after that date.

Spring Quarter

Friday, April 12, 2019

Friday, May 24, 2019

Direct Loan 1st time  borrowers will see a 30-day delay in the release of their first loan disbursement. The refund will be issued the week after that 30-day period. Students with a 30-day delay will receive their refund on Friday, May 18, 2018.

Cal Grants/Full Time Success Grants are disbursed on the Tuesday after the add/drop period ends. Funds will be available from BankMobile or your bank within 14 days after that date.

Some things to remember

Funds are generally “disbursed” to your student account on a Monday and “refunded” the following Friday. In order for this to occur

  • You must be approved for and awarded Financial Aid.

  • You must be enrolled in the required number of units at least one week before the quarter starts.

  • You must be in good standing on warning or probation status for Satisfactory Academic Progress. (You should not be disqualified.)

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

Adjustments or reverse disbursements may occur if you increase or reduce the number of units in which you are enrolled, or if you are subject to a “Return of Title IV” repayment.

If you are getting a grant: The amount of grant money you receive will be determined by your Expected Family Contribution and your enrollment status – either full-time (12 or more units), three-quarter time (nine to 11.5 units), half-time (six to 8.5 units) or less than half-time (less than six units).

If you are getting a loan: You must be enrolled in at least six units to receive loan funds.

For more information: Visit the Federal Student Aid website