Date

Jan 28 2022

Time

All Day

Spring 2022 Direct Loan Disbursement Date

Disbursement Details

Student award letters display annual award information split between applicable semester terms (e.g. Fall/Spring/Summer). Most financial aid award disbursements are issued to students based on the semester term, or payment period. The number of disbursements and dates per semester term depend on the financial aid program guidelines. The current semester payment schedule is made available on the right side of all our Financial Aid web pages under Important Resources.

Direct loans are disbursed to students generally once per semester term once student eligibility is established.

  • Direct loan disbursement is based on the academic year and loan period established during the loan certification and origination process.
  • Direct loan disbursement amount may differ from award amount displayed on financial aid offer letter due to origination fees assessed at the time of disbursement.
  • Students have 30 calendar days from the date of Direct Loan disbursement to reduce and/or cancel a portion or all of their loan disbursement. To reduce and/or cancel a loan disbursement within 30 days of disbursement, students must submit a written request using their YCCD student email to WCCFinancialAid@yccd.edu and include the following information: borrower’s full name, student ID number, name of the loan, and amount to be reduced or cancelled.

Financial aid awards packaged/awarded after a scheduled payment date will be processed on the next available payment date.

Students attending more than one college for the same semester term should visit the respective Financial Aid Offices to ensure they qualify. Financial Aid is generally not available at more than one college for the same period of enrollment. Failure to verify eligibility may result in repayment of received financial aid funds. Return of financial aid disbursements due to ineligibility are the responsibility of the student.

Receipt of your initial payment is considered an acceptance of the terms and conditions of this award offer.  Students with remaining need not met by this offer may request additional financial aid information at the Financial Aid Office.

Financial aid disbursements are made to students based on the semester payment schedule available under Important Resources (right side bar on this page). If you anticipate to receive financial aid from Woodland Community College (not including the California College Promise Grant, fee waiver), we have partnered with BankMobile, a technology solution, powered by BMTX, Inc., to deliver your financial aid refund. Learn more about BankMobile refunds.

If funds are returned as undeliverable, and the student does not update his/her refund method with BankMobile, the funds will be returned to the source (e.g. Federal Pell Grant funds are returned to the U.S. Department of Education, Cal Grant funds are returned to the California Student Aid Commission, etc.) Federal regulation (34 CFR 690.78) authorizes the school to pay students by credit to their accounts for any unpaid charges of tuition and fees.