Step 4: Receive Your Funds
If you've already done all the steps in Step 3 - Review and Accept Award, then you can follow the steps here to receive your funds.
You don't have to wait until disbursement to buy your books. If you authorized bookstore charges with your award letter, then you may be able to charge textbooks at the bookstore.
How to get your money
Watch your PCC email
Soon after you accept your award, you will get an email about My Refunds.
Select refund method
Whether or not you're expecting a refund, you need to select a refund method. If you don't select a refund method, your money will be delayed by up to two weeks.
- Log into MyPCC and go to the Paying for College tab.
- Click the My Refunds link in the Financial Aid channel.
If you have questions, visit the My Refunds information page. To get your refund on time, select your method by these deadlines:
Refund method Deadline to sign up Direct deposit first day of the term Sallie Mae No-Fee Student Checking Account the Friday before the term starts
Funds are disbursed to your account
Funds are credited to your college account according to the disbursement schedule below. You can view your college account in the MyPCC Paying for College tab.
Get your money
If you have signed up for My Refunds, you will get an email when your refund has been delivered. Your refund will be available to you within 1 to 2 business days.
Different funds are disbursed at different times. Find your fund below to see when it will be disbursed.
|Type of fund||Summer 2012||Fall 2012||Winter 2013||Spring 2013|
|Work Study||Funds are disbursed in paychecks throughout the term -
see the work study site for more information.
|Grants (Pell, SEOG, OOG)||July 5||October 3||January 16||April 10|
|Direct Loan, 1st time borrower*
Disbursement is delayed 30 days
|July 25||October 24||February 6||May 1|
|Direct Loan, one term loan**
Second disbursement date
|July 25||November 5||February 14||May 9|
* For students who are first time, first year borrowers, the first disbursement will be delayed 30 days by federal regulation.
** One term loans are always disbursed in two disbursements. The second disbursement is the mid-point in term.
What if the amount disbursed doesn't cover all your charges?
Any costs not covered by financial aid must be paid by you. See ways to pay.
Note: the amount disbursed may be different than the amount in your award letter
The amounts shown in the award letter are based on full time enrollment (12 credits per term). If you are enrolled at less than full time at the time your funds were disbursed, your award amounts might have been adjusted. If you have questions about your award amount, contact the financial aid office.
After your receive your funds...
After you get your funds, make sure you keep your funds: learn more at Step 5 - Maintain Eligibility.