Financial Aid Payment 

When Will I Get My Financial Aid?

Your financial aid will be added to your IVC student account based on the official Payment Schedule for the school year.

• Pell Grants are paid in three parts each semester.
• Cal Grants, SEOG, and Student Success Completion Grants (SSCG) are paid in one payment per semester.
• Your funds will be available on BankMobile about one week after they show up in WebSTAR.
   

See the 2025-26 Payment Schedule

How Is My Payment Amount Decided?

The amount of money you get depends on:

• How many required units you’re taking (classes that count toward your program),
• Your enrollment status, and
• For the Pell Grant only: your Enrollment Intensity 

Enrollment Status & Enrollment Intensity Chart

Enrolled Units	Enrollment Status (Cal Grants, SSCG, SEOG, FWS)	Enrollment Intensity (Pell Grant)
12+units	Full-Time 100%	100%
11 units	Three-Quarter  Time  75%	92%
10 units		83%
9 units		75%
8 units	Half-Time 50%	67%
7 units		58%
6 units		50%
5 units	Less-than Half-Time 0%	42%
4 units		33%
3 units		25%
2 units		17%
1 unit		8%

 

What is the Freeze Date?

Your financial aid amount is locked in on the Freeze Date each semester. This is the date we check how many required units you're enrolled in to decide your award amount.

Only classes that are part of your program and that you’ve started attending will count.

Other Enrollment Notes

• If you are on Probation Status due to Satisfactory Academic Progress, you may be limited to taking the specific courses outlined on your Academic Plan.
• Remedial and repeated courses might not count toward financial aid.
   

Program-Specific Payment Information

Below is information on the amounts and payment information for each of the different awards. For information eligibility requirements for each of these award please visit our Financial Aid Programs page. 

Pell Grant Payments – Example for Students Getting the Maximum Award

Pell Grant is paid in 3 parts. If you're in the Winter session, you’ll get your first Spring payment during Winter.

 

Enrollment Status	Payment
Full-time   (12+ units)	$300
¾-time   (9-11.5 units)	$225
½-time   (6-8.5 units)	$150

 

CAL GRANT B-Example

Payment is once per semester.

Enrollment Status	Payment
Full-time   (12+ units)	$824
¾-time   (9-11.5 units)	$618
½-time   (6-8.5 units)	$412

 

Student Success Completion Grant: 

• You can receive up to $1,298 for 12–14.99 units, and up to $4,000 for 15+ units each semester.
• Payment is made once per semester.

Work-Study 

If you have a Work-Study job:

• You get paid once a month based on hours worked.
• Your supervisor must approve your hours.

Financial Aid Refunds:

• Any leftover grant money (after fees are paid) will be sent to you as a refund.
• To determine the amount of your refund see the “Account Summary by Term” section of WEBSTAR.
• Refunds are sent through BankMobile Disbursements (powered by BMTX, Inc.).
• Choose how you want to receive your refund.

Choosing a refund method does not guarantee you’ll receive one.

Book & Supplies Policy

If your financial aid award is processed about 2 weeks before the semester starts and you’re eligible for a refund, you’ll get your first payment the week before classes begin. This helps you pay for:

• Books
• Supplies
• Other school needs

The first refund for Winter session will be delayed until week 2 due to Winter Break. Refunds may also be delayed if you are subject to a Satisfactory Academic Progress evaluation. This includes students in probation status.

Learn More

Want tips on how to manage your financial aid wisely? Visit CashCourse for more information.