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Financial Aid Disbursement

Determining Your Payment Date:
Financial aid is disbursed to your IVC student account according to the current year disbursement schedule. Pell Grant funds are disbursed in three payments. Cal Grants and SEOG are disbursed in a single payment.

To see the 2015-16 Disbursement Schedule click here. The "Payment Date" is the date funds will be available on the IVC Debit Card. This is approximately one week after funds appear on your account in WEBSTAR.

Determining Your Payment Amount
Your payment amounts for all programs are based on enrollment status. The table below provides the enrollment status based on enrolled units.

Enrollment   Status

Units

Full-time

12   or more

¾-time

9   to 11.5

½-time

6   to 8.5

Less   than ½-time

.5   to 5.5


Financial aid disbursements will be based on your enrollment status which is determined by the courses you are currently attending or your are scheduled to begin the following week.  Enrollment status will be adjusted for late starting classes when those classes are scheduled to begin.  Enrollment status will be adjusted down for courses that you drop before the 60% point of the term and funds paid for those coures may need to be repaid. If you were paid financial aid for a course you never attended, you will owe a repayment of 100% of the funds.

Enrollment status can be adjusted for students due to Satisfactory Academic Progress standards. For example, you may be limited to specific courses as part of condition of your appeal. Basic skills and repeat course limitations may also reduce your enrollment status for financial aid purposes.

Pell Grant: Your payments will be based on your enrollment status on the date payments are authorized on your account.

The table below provides sample payment amounts for a student that is eligible for the maximum Pell Grant.  Check your student account in WEBSTAR to determine your actual payment amounts.

One Semester Pell Grant Disbursements – Example Only

Enrollment Status

First Disbursement

Second Disbursement

Third Disbursement 

Semester Total

Full-time   (12 or more units)

$722

$722

$1444 

$2888

¾-time   (9 to 11.5 units)

$542

$541

$1083 

$2166

½-time   (6 to 8.5 units)

$361

$361

$722 

$1444

Less   than ½-time (.5 to 5.5 units)

$181

$180

$361 

$722

 


SEOG: You must be enrolled fulltime (12 or more units) to be eligible for SEOG funds. Enrollment status is determined on the date SEOG is authorized to your account.  The SEOG payment for fulltime attendance is $200 paid in one payment each semester. 



CAL GRANT: You must be enrolled at least half-time (6 or more units) to be eligible for Cal Grant funds. Enrollment status is determined on the date Cal Grant is authorized to your account.  The amount will be prorated for less than full-time status and paid in one payment each semester.

The table below provides sample payment amounts for a student that is eligible Cal Grant B.

One Semester Cal Grant B Disbursement – Example Only

Enrollment Status

Disbursement

Full-time   (12 or more units)

$828

¾-time   (9 to 11.5 units)

$621

½-time   (6 to 8.5 units)

$414

 

Work-Study: Work-Study is paid monthly based on the hours worked the previous month and verified by your supervisor. See the Work-Study webpage for more information. 

Financial Aid Refunds and the IVC Debit Card: At the time grant funds are posted to your account, any fees owed will be deducted and the remaining amount is considered a financial aid refund. To determine the amount see the Account Summary by Term section in WEBSTAR. Refunds may be deposited to the IVC Debit Card or to your personal bank account. Use the following link to make your disbursement choice:

https://www.enroll.moneynetworkedu.com

Please note that receipt of an IVC debit card does not guarantee eligibility for a refund.

For more information about the IVC Debit card please visit our MyCashCard webpage at: http://mycashcard.imperial.edu/

For information on how to manage your financial aid funds wisely visit http://www.cashcourse.org

Financial aid disbursements will be based on your enrollment status which is determined by the courses you are currently attending or you are scheduled to begin the following week. Enrollment status will be adjusted for late starting classes when those classes are scheduled to begin. Enrollment status will be adjusted down for courses that you drop before the 60% point of the term and funds paid for those courses may be need to be repaid.

Staff Login Form

Please use the first part of your IVC Email (e.g. joe.smith) and your Email Password to login. If you are a student, please use the Student Portal to login.