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: 2023 - 2024 Refunds are based on the number of units you are officially registered for at the time of calculation and is as follows:
Full-Time: 12 units of more 100%
Three-Quarter Time: 9-11.5 units 75%
Half-Time: 6-8.5 units 50%
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:
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-Quater 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.
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 |
---|---|---|---|
Process Date @ 8AM: |
BankMobile Disbursement Date: |
Aug 20, 2024
|
|
Process Date @ 8AM: |
BankMobile Disbursement Date: |
Aug 27, 2024 |
|
Process Date @ 8AM: |
BankMobile Disbursement Date: |
Sept 3, 2024 |
|
Process Date @ 8AM: |
BankMobile Disbursement Date: |
Sept 10, 2024 |
|
Process Date @ 8AM: |
BankMobile Disbursement Date: |
Sept 24, 2024 |
|
Process Date @ 8AM: |
BankMobile Disbursement Date: |
Oct 8, 2024 |
|
Process Date @ 8AM: |
BankMobile Disbursement Date: |
Oct 22, 2024 |
|
Process Date @ 8AM: |
BankMobile Disbursement Date: |
Nov 5, 2024 |
|
Process Date @ 8AM: |
BankMobile Disbursement Date: |
Nov 19, 2024 |
|
Process Date @ 8AM: |
BankMobile Disbursement Date: |
Dec 3, 2024 |
|
Process Date @ 8AM: |
BankMobile Disbursement Date: |
Dec 17, 2024 |
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