About BankMobile Disbursements

Our school delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Visit this link for more information: https://bankmobiledisbursements.com/refundchoices/.

View our required disclosures and contract with BankMobile, a Division of Customer Bank.

Financial Disbursement Schedule

We make every effort to maintain the published disbursement schedule; however it is subject to change.

Paying Fees with Financial Aid, Remaining Funds, and Outstanding Balances

Your federal and state financial aid funds will first be used to pay any existing charges for the CURRENT term.

For example:

  • If you owe the college registration fees, campus/health center fees, course material fees, and/or dorm housing costs, your financial aid funds will be used to pay down your balance. 
  • If you owe more for the current term than you have in available financial aid, you will be responsible for paying the balance. 
  • If you are due to receive more financial aid than you owe for the current term, then you will receive a disbursement of the remaining funds. 

Please Note: Current term financial aid cannot be used to automatically pay down a past term's outstanding balance.  Outstanding balances for a prior term will need to be paid by the student (a Payment Plan is an option).

Pell Grant​​ ​(FPELL)

Each semester's Pell Grant (FPELL) is divided into equal portions and disbursed according to the schedule below. The schedule assumes that your financial aid file is complete (that is, you have no missing documents) by the time the term begins. PELL grant disbursements are based on your enrollment status at the time of census date every semester (e.g. full-time, three-quarter time, half-time, less than half-time). See the Important Dates to determine your enrollment status at the census date.

If you withdraw from a course after the census date, it will not affect your enrollment status for financial aid purposes, but the withdrawal will still count in your Satisfactory Academic Progress (SAP) calculation. However, if you withdraw from ALL your courses for the term, you may be subject to Return to Title IV and may owe financial aid funds back.

Spring 2022 Summer 2022 Fall 2022
Spring Semester Start Date: January 19, 2022
Census Date: January 31, 2022
Last Day to Drop with a "W": April 22, 2022
Summer Semester Start Date: June 13, 2022
Census Date: Varies*
Last Day to Drop with a "W": Varies*
Fall Semester Start Date: August 15, 2022
Census Date: August 29, 2022
Last Day to Drop with a "W": November 9, 2022
1st Standard Disbursement: 01/14/22

Haven't received a disbursement?
Alternative Dates: 01/21/22, 01/28/22
1st Standard Disbursement: 06/09/22

Haven't received a disbursement?
Alternative Dates: 06/16/22

1st Standard Disbursement: 08/12/22

Haven't received a disbursement?
Alternative Dates: 08/19/22, 08/26/22
2nd Standard Disbursement: 02/11/22

Haven't received a disbursement?
Alternative Dates: 02/25/22
2nd Standard Disbursement: 06/30/22

Haven't received a disbursement?
Alternative Dates: N/A
2nd Standard Disbursement: 09/09/22

Haven't received a disbursement?
Alternative Dates: 09/23/22
3rd Standard Disbursement: 03/11/22

Haven't received a disbursement?
Alternative Dates: 03/25/22
3rd Standard Disbursement: 07/14/22

Haven't received a disbursement?
Alternative Dates: 07/28/22
3rd Standard Disbursement: 10/07/22

Haven't received a disbursement?
Alternative Dates: 10/21/22
4th Standard Disbursement: 04/08/22

Haven't received a disbursement?
Alternative Dates: 04/29/22, 05/13/22
*Last day to add and last day to drop without grade are variable in Summer semester depending on how many weeks the class is scheduled. Please see individual section details for exact dates. 4th Standard Disbursement: 11/04/22

Haven't received a disbursement?
Alternative Dates: 11/18/22, 12/09/22

Cal-Grant (CAL B or CAL C)

Students must maintain enrollment in at least 6+ units to be certified to receive Cal Grant funds.

Spring 2022 Fall 2022
Standard Disbursement: 02/25/22
Haven't received a disbursement?
Alternative Dates: 03/11/22, 03/25/22, 04/08/22
Standard Disbursement: 09/23/22
Haven't received a disbursement?
Alternative Dates: 10/07/22, 10/21/22, 11/04/22, 11/18/22, 12/09/22

Cal-Grants are awarded by the State of California on an on-going basis. Awards are certified for students and funds are requested weekly by Shasta College. The Financial Aid office will start disbursing Cal-Grants on the Standard Disbursement Date, but you may not receive a disbursement on that day. There will be alterative disbursement dates every two weeks following the Standard Disbursement. Cal-Grants awarded after scheduled dates will be disbursed on the next available disbursement date once funds become available. This may include the next semester’s disbursement dates.

Student Success Completion Grant (SSCG)

Enrollment must remain at 12+ units at the time SSCG funds are disbursed.

Spring 2022 Fall 2022
Standard Disbursement: 02/11/22
Haven't received a disbursement?
Alternative Dates: 02/25/22, 03/11/22, 03/25/22, 04/08/22
Standard Disbursement: 09/23/22
Haven't received a disbursement?
Alternative Dates: 10/07/22, 10/21/22, 11/04/22, 11/18/22, 12/9/22

Disbursement dates for SSCG are approximate, and depend on when Cal Grant funds are disbursed. This grant can only be disbursed after the Cal Grant has been disbursed.

Supplemental Educational Opportunity Grant

Enrollment must remain at 12+ units at the time FSEOG funds are disbursed at the time of census.

Spring 2022 Fall 2022
Standard Disbursement: 03/11/22
Haven't received a disbursement?
Alternative Dates: N/A
Standard Disbursement: 10/07/22
Haven't received a disbursement?
Alternative Date: 10/21/22

Federal Direct Loans

Students will receive an email with anticipated disbursement dates when a loan is awarded.

To receive a disbursement of loan funds on the anticipated loan disbursement dates, you must meet the following criteria:

  • You must have accepted the Loan Award in MyShasta.
  • You must be registered in 6 units or more. If you have late start classes, you must already be attending at least one class.
  • You must have completed Federal Entrance Counseling.
  • You must have completed the Master Promissory Note (MPN).

By law, loan disbursement will be not be made until all criteria are met. ** 

Loan Period
(Check your award email)
Fall 2021 - Spring 2022 Spring 2022 only
1st Disbursement 09/24/21 02/25/22
2nd Disbursement 02/25/22 04/08/22

Spring 2022 Alternative Dates: 03/11/22, 03/25/22, 04/08/22, 04/22/22, 05/13/22

**Once criteria are met, the earliest alternative disbursement date will be used for the first disbursement.

Loan Period
(Check your award email)
Fall 2022 - Spring 2023 Fall 2022 only Spring 2023 only
1st Disbursement 09/23/22 09/23/22 02/24/23
2nd Disbursement 02/24/23 11/04/22 04/07/23

Fall 2022 Alternative dates: 10/07/22, 10/21/22, 11/04/22, 11/18/22, 12/09/22

Spring 2023 Alternative dates: 03/10/23, 3/24/23, 04/07/23, 04/21/23, 05/12/23

**Once criteria are met, the earliest alternative disbursement date will be used for the first disbursement.

Scholarships

  • Once the funds have been received, the award will be updated on the student’s award letter.
  • It takes one to two weeks to generate and mail a check to the student.  
  • To learn more information on scholarships, please visit the Scholarships webpage.