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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:
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.
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.
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.
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.
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.
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.
Important Information - Please Read:
Grants are paid to students on Friday following the Process Date.
| Refund Status | Date / Grant | Refund Explanation | Email Send Date |
|---|---|---|---|
| PROCESSED | Process Date @ 8AM: Mon., May 4, 2026 Grant: Pell & Dream Grants |
Funding classes that start by May 15, 2026 BankMobile Disbursement Date: |
May 5, 2026 @ 1:45 PM |
| PROCESSED | Process Date @ 8AM: Mon., May 11, 2026 Grant: Pell & Dream Grants |
Only if you did NOT receive a refund previously Funding classes that start by May 15, 2026 BankMobile Disbursement Date: |
May 12, 2026 @ 4:00 PM |
| PROCESSED | Process Date @ 8AM: Tues., May 26, 2026 Grant: Pell & Dream Grants |
Funding classes that start by May 29, 2026 BankMobile Disbursement Date: |
May 26, 2026 @ 2:00 PM |
| PROCESSED | Process Date @ 8AM: Mon., Jun 8, 2026 Grant: Pell & Dream Grants |
Funding classes that start by June 12, 2026 BankMobile Disbursement Date: |
Jun 9, 2026 @ 4:00 PM |
| PROCESSED | Process Date @ 8AM: Mon., June 22, 2026 Grant: Pell & Dream Grants |
Funding classes that start by Jun 26, 2026 BankMobile Disbursement Date: |
Jun 23 , 2026 @ 2:00 PM
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| PROCESSED | Process Date @ 8AM: Mon., Jul 6, 2026 Grant: Pell & Dream Grants |
Funding classes that start by Jul 10, 2026 BankMobile Disbursement Date: |
Jul 7, 2026 @ 12:00 PM |
| PROCESSED | Process Date @ 8AM: Mon., Jul 20, 2026 Grant: Pell & Dream Grants |
Funding classes that start by Jul 24, 2026 BankMobile Disbursement Date: |
Jul 21, 2026 @ 3:30 PM |
| Process Date @ 8AM: Mon., Aug 3, 2026 Grant: Pell & Dream Grants |
Funding classes that start by Aug 7, 2026 BankMobile Disbursement Date: |
Aug 4, 2026 @
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Important Information - Please Read:
Grants are paid to students on Friday following the Process Date.
| Refund Status | Date / Grant | Refund Explanation | Email Send Date |
|---|---|---|---|
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Process Date @ 8AM: |
1st PELL & Dream Grants Refund Funding classes that start by Aug 28, 2026 BankMobile Disbursement Date: |
Aug 18, 2026 @
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Process Date @ 8AM: |
1st PELL & Dream Grant Refund Only if you did NOT receive a refund previously Funding classes that start by Aug 28, 2026 BankMobile Disbursement Date: |
Aug 25, 2026 @
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Process Date @ 8AM: Mon., Aug 31, 2026 |
1st PELL & Dream Grant Refund Only if you did NOT receive a refund previously Funding classes that start by Sept 4, 2026 BankMobile Disbursement Date: |
Sept 1, 2026 @
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Process Date @ 8AM: Mon., Sept 14, 2026 |
1st PELL & Dream Grant Refund Funding classes that start by Sept 18, 2026 BankMobile Disbursement Date: |
Sept 15, 2026 @
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Process Date @ 8AM: Mon., Sept 28, 2026 |
Pell, Loans, SEOG & Dream Grants Funding classes that start by Oct 2, 2026 BankMobile Disbursement Date: |
Sept 29, 2026 @
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Process Date @ 8AM: Mon., Oct 12, 2026 |
Pell, Loans, Cal Grants, SEOG & Dream Grants Refund Funding late start classes that start by Oct 16, 2026 BankMobile Disbursement Date: |
Oct 13, 2026 @
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Process Date @ 8AM: Mon., Oct 26, 2026 (SSCG will be paid on 11/06/26) |
2nd PELL Refund BankMobile Disbursement Date: |
Oct 27, 2026 @
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Process Date @ 8AM: Mon., Nov 2, 2026 |
Processing refunds for students who have NEVER received a refund previously & Late start classes added on or before Oct 25, 2026 BankMobile Disbursement Date: |
Nov 3, 2026 @
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Process Date @ 8AM: Mon., Nov 16, 2026 |
Processing refunds for students who have NEVER received a refund previously & Late start classes added on or before Oct 25, 2026 BankMobile Disbursement Date: |
Nov 17, 2026 @
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Process Date @ 8AM: Mon., Nov 30, 2026 |
Processing refunds for students who have NEVER received a refund previously & Late start classes added on or before Oct 25, 2026 BankMobile Disbursement Date: |
Nov 17, 2026 @
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Process Date @ 8AM: |
Processing refunds for students who have NEVER received a refund previously & Late start classes added on or before Ovt 25, 2026 BankMobile Disbursement Date: |
Dec 1, 2026 @
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Process Date @ 8AM: Mon., Dec 14, 2026 |
Processing refunds for students who have NEVER received a refund previously & Late start classes added on or before Oct 25, 2026 BankMobile Disbursement Date: |
Dec 15, 2026 @
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Important Information - Please Read:
Grants are paid to students on Friday following the Process Date.
| Refund Status | Date / Grant | Refund Explanation | Email Send Date |
|---|---|---|---|
| PROCESSED | Process Date @ 8AM: Mon., Jan 5, 2026 Grant: Pell & Dream Grant |
1st PELL & Dream Grants Refund Funding classes that start by Jan 16, 2026 BankMobile Disbursement Date: |
Jan 6, 2026 @ 2:00 pm |
| PROCESSED | Process Date @ 8AM: Mon., Jan 12, 2026 Grant: Pell & Dream Grant |
1st PELL & Dream Grant Refund Only if you did NOT receive a refund previously Funding classes that start by Jan 16, 2026 BankMobile Disbursement Date: |
Jan 13, 2026 @ 5:00 PM |
| PROCESSED | Process Date @ 8AM: Tues., Jan 20, 2026 Grant: Pell & Dream Grant |
1st PELL & Dream Grant Refund Only if you did NOT receive a refund previously Funding classes that start by Jan 23, 2026 BankMobile Disbursement Date: |
Jan 20, 2026 @ 1:30 PM |
| PROCESSED | Process Date @ 8AM: Mon., Jan 26, 2026 Grant: Pell & Dream Grant |
1st PELL & Dream Grant Refund Only if you did NOT receive a refund previously Funding classes that start by Jan 30, 2026 BankMobile Disbursement Date: |
Jan 27, 2026 @ 3:30 PM |
| PROCESSED | Process Date @ 8AM: Mon., Feb 9, 2026 Grant: Pell & Dream Grant |
PELL & Dream Grants Refund (Additional Pell Grant fund for added units) Funding classes that start by Feb 13, 2026 BankMobile Disbursement Date: |
Feb 10, 2026 @ 4:30 PM |
| PROCESSED | Process Date @ 8AM: Mon., Feb 23, 2026 Grant: Pell, Dream, SEOG, & 1st Loans |
All Grants Refund (Additional Pell Grant fund for added units) Funding late start classes that start by Feb 27, 2026 BankMobile Disbursement Date: |
Feb 24, 2026 @ 11:00 AM |
| PROCESSED | Process Date @ 8AM: Mon., Mar 9, 2026 Grant: Pell, Dream, SEOG, State Grants & Loans |
All Grants Refund Funding late start classes that start by March 13, 2026 BankMobile Disbursement Date: |
Mar 10, 2026 @ 2:00 PM
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| PROCESSED | Process Date @ 8AM: Mon., Mar 23, 2026 Grant: Pell, Dream, SEOG, State Grants & Loans |
2nd PELL & LOANS Refund & all other grants. Funding late start classes that you are ENROLLED in by Mar 22, 2026 (Freeze Date) BankMobile Disbursement Date: |
Mar 24, 2026 @ 4:30 PM
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| PROCESSED | Process Date @ 8AM: Mon., Apr 6, 2026 Grant: Pell, Dream, SEOG, State Grants. SSCG Grants & Loans |
Processing refunds for students who have NEVER received a refund previously & enrolled in classes on or before Mar 22, 2026 BankMobile Disbursement Date: |
Apr 7, 2026 @ 4:00 PM
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| PROCESSED | Process Date @ 8AM: Mon., Apr 20, 2026 Grant: Pell, Dream, SEOG, State Grants, SSCG Grants & Loans |
Processing refunds for students who have NEVER received a refund previously & enrolled in classes on or before Mar 22, 2026 BankMobile Disbursement Date: |
Apr 21, 2026 @ 10:00 AM
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NOTE: If you are expecting a refund, and did not receive an e-mail, contact our office IMMEDIATELY by e-mail: MJC_FA_Accounting@mjc.edu
