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: 2024 - 2025 Refunds are based on the number of units you are officially registered for at the time of calculation and is as follows:

2024-2025 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.

Fall 2024 Refund Dates

Important Information - Please Read:

Grants are paid to students on Friday following the Process Date.

Pell Grants are split into two refunds:
- 1st PELL Refund on Varies Dates (see below)
- 2nd PELL Refund on November 8th
Loans are refunded on October 11th
State Grants (Cal A B & C, SSCG), SEOG are refunded on October 25th
Freeze Date: Classes ADDED after November 4, 2024 WILL NOT be funded
To be eligible, YOU MUST be meeting Satisfactory Academic Progress
New: Refund emails are sent on Tuesdays by 5:00 P.M.

Fall 2024 Schedule of Payments

Refund Status	Date / Grant	Refund Explanation	Email Send Date
PROCESSED	Process Date @ 8AM: Mon., Aug 19, 2024 Grant: Pell & Dream Grants	1st PELL & Dream Grants Refund Funding classes that start by Aug 30, 2024 BankMobile Disbursement Date: Fri., Aug 23, 2024	Aug 20, 2024 @ 1:00 PM
PROCESSED	Process Date @ 8AM: Mon., Aug 26, 2024 Grant: Pell & Dream Grants	1st PELL & Dream Grant Refund Only if you did NOT receive a refund previously Funding classes that start by Aug 30, 2024 BankMobile Disbursement Date: Fri., Aug 30, 2024	Aug 27, 2024 @ 2:00 PM
PROCESSED	Process Date @ 8AM: Tues., Sept 3, 2024 Grant: Pell & Dream Grants	1st PELL & Dream Grant Refund Only if you did NOT receive a refund previously Funding classes that start by Sept 6, 2024 BankMobile Disbursement Date: Fri., Sept 6, 2024	Sept 3, 2024 @ 1:00 PM
PROCESSED	Process Date @ 8AM: Mon., Sept 9, 2024 Grant: Pell & Dream Grants	1st PELL & Dream Grant Refund Only if you did NOT receive a refund previously Funding classes that start by Sept 13, 2024 BankMobile Disbursement Date: Fri., Sept 13, 2024	Sept 10, 2024 @ 3:00 PM
PROCESSED	Process Date @ 8AM: Mon., Sept 23, 2024 Grant: Pell & Dream Grants	PELL & Dream Grant Refund Funding classes that start by Sept 27, 2024 BankMobile Disbursement Date: Fri., Sept 27, 2024	Sept 24, 2024 @ 2:00 PM
PROCESSED	Process Date @ 8AM: Mon., Oct 7, 2024 Grant: Pell, Dream & Loans	Pell, Dream, & Loan Grants Refund Funding late start classes that start by Oct 11 2024 BankMobile Disbursement Date: Fri., Oct 11, 2024	Oct 8, 2024 @ 11:00 AM
PROCESSED	Process Date @ 8AM: Mon., Oct 21, 2024 Grant: Pell, Dream, SEOG, STATE GRANTS & Loans	All Grants Refund Funding late start classes that start by Oct 25, 2024 BankMobile Disbursement Date: Fri., Oct 25, 2024	Oct 22, 2024 @ 3:00 PM
PROCESSED	Process Date @ 8AM: Mon., Nov 4, 2024 Grant: Pell, Dream, SEOG, State Grants & Loans	2nd PELL Refund Funding late start classes that start by Nov 8, 2024 BankMobile Disbursement Date: Fri., Nov 8, 2024	Nov 5, 2024 @ 3:00 PM
PROCESSED	Process Date @ 8AM: Mon., Nov 18, 2024 Grant: Pell, Dream, SEOG, State Grants & Loans	Processing refunds for students who have NEVER received a refund previously & Late start classes added on or before Nov 4, 2024 BankMobile Disbursement Date: Fri., Nov 22, 2024	Nov 19, 2024 @ 3:30 PM
PROCESSED	Process Date @ 8AM: Mon., Dec 2, 2024 Grant: Pell, Dream, SEOG, State Grants & Loans	Processing refunds for students who have NEVER received a refund previously & Late start classes added on or before Nov 4, 2024 BankMobile Disbursement Date: Fri., Dec 6, 2024	Dec 3, 2024 @ 9:45 AM
PROCESSED	Process Date @ 8AM: Mon., Dec 16, 2024 Grant: Pell, Dream, SEOG, State Grants & Loans	Processing refunds for students who have NEVER received a refund previously & Late start classes added on or before Nov 4, 2024 BankMobile Disbursement Date: Fri., Dec 20, 2024	Dec 17, 2024 @ 8:30 AM

Spring 2025 Refund Dates