Financial Aid Disburement Dates

 FALL 2016/SPRING 2017 Disbursement Dates


All disbursement dates are estimated; the Financial Aid Office cannot guarantee the date you will receive your funds. We recommend you have an alternate plan if there is a delay in your funding. Once the Financial Aid Office completes student's file, each student will receive a Financial Aid Award Notification Email which will indicate an estimated Financial Aid Disbursement Date. IMPORTANT: Financial aid is disbursed according to Need (EFC) and number of units in which you are enrolled. Student must be enrolled.

Financial Aid disbursements (including loans) will be delayed, canceled, or reduced for students who are disqualified from financial aid because of lack of Satisfactory Academic Progress (GPA, Pace, Time Frame). Students on Financial Aid Probation or in Excess Units without an approved Petition must wait until their file is reviewed and approved by the Financial Aid Office. Students who are not approved are disqualified from receiving aid.

 

FALL 2016 PELL GRANT PAYMENT DATES
FREEZE DATE FOR FALL 2016 is September 5, 2016

          DISBURSEMENT DATES                             
 GRANT TYPES
August 18, 2016 1st half of Pell Grant
September 1, 2016  1st half of Pell Grant (if not yet received)
September 15, 2016 1st half of Pell Grant (if not yet received)
September 29, 2016 
1st half of Pell Grant (if not yet received)
October 13, 2016

2nd Half of Pell Grant Payment or Total Fall 2016 Pell Grant award for eligible students who have not yet received their 1st payment.

October 27, 2016

Total Fall 2016 Pell Grant award for eligible students who have not yet received Pell. 

November 17, 2016

Total Fall 2016 Pell Grant award for eligible students who have not yet received Pell.

December 8, 2016

Total Fall 2016 Pell Grant award for eligible students who have not yet received Pell.

SPRING 2017 PELL GRANT PAYMENT DATES

FREEZE DATE FOR SPRING 2017 is February 5, 2017

January 24, 2017 1st half of Pell Grant 
 February 9, 2017 1st half of Pell Grant (if not yet received) 
 February 23, 2017 1st half of Pell Grant (if not yet received) 
 March 9, 2017

1st half of Pell Grant (if not yet received) 

March 23, 2017

2nd Half of Pell Grant Payment or Total Spring 2017 Pell Grant award for eligible students who have not yet received their 1st payment. 

April 6, 2017

Total Spring 2017 Pell Grant award for eligible students who have not yet received Pell. 

April 27, 2017

Total Spring 2017 Pell Grant award for eligible students who have not yet received Pell.

May 18, 2017

Total Spring 2017 Pell Grant award for eligible students who have not yet received Pell.

 

FEDERAL DIRECT LOAN PAYMENT DATESPlease refer to your Financial Aid Loan Certification Email for anticipated disbursement dates. Federal Student Loans are required to be disbursed in two payments. Fall-only and Spring-only loans will have different 2nd disbursement dates than annual loans.  


For individual information, we recommend that students refer to their Financial Aid Award Notification Email, which is sent to their Butte College email account after their file is completed. Please note that Pell Grant is normally disbursed in TWO payments per semester for California residents. Out-of-state students will receive any remainder from their financial aid once unpaid fees are automatically paid first.

Important Things to Know:

Cal Grant and Chafee Grant payments are not guaranteed because they are based on availability of state funds. Cal Grant is usually disbursed after the beginning of the semester. Chafee Grant recipients will be notified by student email if funds become available for them.

 


 Enrollment Status

Payment of Pell, Cal Grant and FSEOG is prorated based on a student's enrollment status per term.

Enrollment Status per Term
Full-Time  12 Units 100%
Three Quarter Status 9-11.99 Units 75%
Half-Time 6.8.99 Units 50%
Less Than Half-Time .5-5.99 Units  Approx. 25%-Pertains only to Pell Grant

 BankMobile Disbursement Information                                      

Higher One
  • (BC Access Card) Same-business-day-deposit to your BankMobile checking account. Funds available by 5 p.m. We recommend you set up Mobile Alerts so you know the actual time your funds are available.
  • Direct Deposit takes 3 additional days to be deposited into your account.
  • Paper check will take 7-10 business days to arrive.

Click here for more information regarding BankMobile.