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Summer 2025 Disbursement and Refund Schedule

Updated

Financial aid is disbursed to your Citrus College student account by the end of the day and any remaining credit after applicable charges are paid on your account will be refunded to you through BankMobile Disbursements, a technology solution, powered by BMTX, Inc., within 14 calendar days. Dates are subject to change without prior notice. See the anticipated disbursement date and refund dates below. 

REFUND TIMING NOTE: Refunds are typically issued on the Thursday following disbursement. While we do our best to meet this timeline, delays may occasionally occur. However, refunds will always be processed within 14 calendar days of disbursement, in accordance with federal guidelines.

Frequently Asked Questions

Disbursement and Refund Dates

If you are awarded a Federal Pell Grant, funds will be disbursed and refunded according to the following schedule:

Federal Pell Grant

Early Disbursement*

Up to the first 20% of your total award disbursed on 06/13/2025 and refunded to BankMobile Disbursements on 06/20/2025

Applies only to classes that begin the week of June 23, 2025.

*Students with any of the following Satisfactory Academic Progress (SAP) statuses are not eligible for early disbursement:

You can check your SAP status on the Financial Aid Dashboard under the "Satisfactory Academic Progress" tab.

First Disbursement

Up to 50% of your total award disbursed on 06/24/2025 and refunded to BankMobile Disbursements on 07/03/2025

This disbursement only includes classes that begin the week of 06/23/2025.

Second Disbursement

Remaining 50% disbursed on 07/16/2025 and refunded to BankMobile Disbursements on 07/23/2025

IMPORTANT NOTE: Federal Pell Grant Recalculation Freeze Date is June 26, 2025. This is the last date your enrollment status will be reviewed to determine final Pell Grant eligibility. Be sure all your classes are added by this date.

Federal Direct Loans

  • 100% disbursed on 06/26/2025 and refunded to BankMobile Disbursements on 07/03/2025

What if I missed a disbursement date or my class hasn’t started yet?

To receive a scheduled disbursement, your financial aid application must be complete and reviewed by the Financial Aid Department before that disbursement date. If your financial aid file is completed after a scheduled disbursement, and you're eligible, your aid will be processed on a later makeup disbursement date.

If you’re enrolled in classes that start later in the semester, your financial aid for those classes will be disbursed after they begin. Check the disbursement schedule below to find the earliest possible disbursement date after your classes start.

Federal Pell Grant

June 24 - July 11

Up to 50% of your total award will be disbursed every Thursday and will be refunded to BankMobile Disbursement by the following Thursday.

Important Note: There will be no disbursements processed on July 3, 2025, due to office closure.

July 11 - August 8

Up to 100% of your total award will be disbursed every Thursday and will be refunded to BankMobile Disbursement by the following Thursday.

Federal Direct Loans and Most Institutional Scholarships

June 24 - August 8

100% will be disbursed every Thursday and will be refunded to BankMobile Disbursement by the following Friday.

Federal Direct Loans will disburse only after you have started attendance in 6 or more units. 

What are the additional details I need to be aware of?

  • Federal Pell Grants are divided into two (2) disbursements each fall, spring, and summer semesters (depending on when your file is processed and the number of units you are in at the time of disbursement).
  • If you reduce your attendance after your first disbursement, you may end up owing money back.

  • Depending on your eligibility, if you increase your attendance status (e.g., go from half-time to three-quarter time), you may be eligible for additional funds. Adjustments are made on or after the Federal Pell Grant Recalculation Freeze Date.

  • Summer disbursements are contingent upon remaining Federal Pell Grant eligibility and meeting the SAP standards.

  • Please refer to the financial aid terms of offer for additional financial aid information.

Why didn't I receive all my Federal Direct Loan disbursements?

  • First-time Federal Direct Loan borrowers must wait 30 days from the first day of the scheduled start date(s) of classes for their loan to be disbursed. If this date does not fall on one of the scheduled disbursement dates, please refer to the Federal Direct Loan scheduled disbursement dates above for the next available dates that the loans may disburse.
  • Federal Direct Loans are disbursed once each semester. However, if you are attending only one semester of the award year, your direct subsidized and unsubsidized loan(s) will each be divided in half and paid in two disbursements. The second disbursement will be at the midpoint of the semester.

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