Financial Aiddisbursement schedule

Fall2017

* The Financial Aid O�ce calculates the units you are enrolled in on the lastday to add classes each semester to determine your eligibility for state and federal �nancial aid. The last day to add classes each semester is referred to as the “FREEZE DATE” in the Financial Aid O�ce.

Freeze dateSeptember 11, 2017

*

pell grantDate awarded:Before 8/23/17

8/23/17 - 10/23/17

2nd 50% of Pell

After 10/23/17

When you’ll receive it:First 50% disbursed on 9/1/17

First 50% disbursed 2 Fridays after award is posted

10/20/2017

100% disbursed 2 Fridays after award is posted

If you’ve been awardedWhen will I receivemy financial aid?

Disbursements made by

bankmobilevibe.comVisit cypresscollege.edu/admissions/�nancialaid for more information.

fseog, cal grant, ftssG, and loansDate awarded:Before 9/22/17

After 9/22/17

When you’ll receive it:100% disbursed on 10/6/17

100% disbursed 2 Fridays after award is posted

If you’ve been awarded

Award amounts and dates may change without notice.

Financial Aid

The Financial Aid O�ce calculates the units you are enrolled in on the last day to add classes each semester to determine your eligibility for state and federal �nancial aid. The last day to add classes each semester is referred to as the “freeze date” in the Financial Aid O�ce.

Financial Aid will only pay for units you are enrolled in as of the freeze date, there are no exceptions. This includes waitlisted and late-start classes. You must be enrolled in all of your units for �nancial aid purposes prior to the freeze date. Students will not be paid for classes added after the freeze date.

What does the freeze date mean?

Your initial disbursement may be less if you are enrolled in any late-start classes. The Financial Aid O�ce pays for your late-start units on the 2nd Friday from the date the late-start class(es) begin.

What happens if I enroll in late-start classes?

In order to be considered for the �rst payment (�rst Friday of classes), students must have a completed and reviewed �le with the �nancial aid o�ce prior to the week before school starts. If you are a continuing student and your �le is already completed, check your myGateway account for your eligibility.

You must track your status in myGateway and submit all requested documents to complete your �le. Any changes to your application or �le may result in a delay to the awarding process, which would delay disbursement.

How do I know if I’m getting a Financial Aid Award?

If you drop units prior to the freeze date, you may be required to repay back all or a portion of your aid received. This occurs because �nancial aid awards are adjusted up and down based on your units enrolled until the freeze date. If you drop units before the freeze date, you may not be eligible for the second disbursement if you are receiving a Pell grant.

NOTE: If you withdraw from all of your classes, you may be required to repay all of the �nancial aid you received for the semester. A hold may also be placed on your record until repayment is made.

What happens if I withdraw from my classes?

The Refund Selection Kit (also referred to as the “green envelope”) contains a personal code and instructions on how to set up your refund preferences for �nancial aid at Cypress College. BankMobile sends the kit to the mailing address on �le with Admissions & Records after you have registered for classes, completed your �nancial aid �le, and been awarded �nancial aid. It typically takes 7-10 business days for the kit to arrive and can be tracked at bankmobilevibe.com.

Once you select your refund preference, it will remain active as long as you attend Cypress College. If you ever wish to change your preference, you can access and manage your account at bankmobilevibe.com. Customer Support can be reached at 1-877-327-9515 from 5am to 8pm 7 days a week.

What is the Refund Selection Kit?

disbursement INFORMATIONIf you drop units prior to the freeze date, you may be required to repay back all or a portion of your aid received.