Step 4: Receive Your Funds

disbursement icon

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.

Bookstore charging: You don't have to wait until disbursement to buy your books. If you authorized bookstore charges on your award letter, then you may be able to charge textbooks at the bookstore.

How to get your money

  1. Watch your PCC email

    Soon after you accept your award, you will get an email about My Refunds.

  2. 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.

    1. Log into MyPCC and go to the Paying for College tab.
    2. Click the My Refunds link in the Financial Aid channel. For details, visit the My Refunds 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

  3. 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.

  4. 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.

Disbursement Schedule

Different funds are disbursed at different times. Find your fund below to see when it will be disbursed.

 Type of fund Summer
2013		 Fall
2013		 Winter
2014		 Spring
2014
Work Study funds are disbursed in paychecks throughout the term
Grants July 3 October 2 January 15 April 9
Loans
Due to federal sequestration, disbursement of summer 2013 loans may be delayed. Please continue to check this page for updates.
Direct Loan, 1st-time borrower
Disbursement for 1st-time borrowers is delayed 30 days.		 July 25 October 24 February 6 May 1
Direct one-term Loan, 2nd disbursement
One-term loans are distributed in two disbursements.
The 2nd disbursement is the mid-point in the term. 		August 2 November 5 February 14 May 9

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 your award letter are based on full time enrollment (12 credits per term). If you were enrolled for fewer than 12 credits at the time your funds were disbursed, your award amounts might have been adjusted. If you have questions about your award amounts, contact the financial aid office.

After you receive your funds...

After you get your funds, make sure you keep your funds: learn more at Step 5 - Maintain Eligibility.