Disbursement dates and deadlines are mandated by Federal, State, District and/or Institutional regulations and policies, and must be met or applications cannot be accepted or processed.
Grants and loan are disbursed through the MyLaccdCard Debit Card method. Federal Work-Study payroll checks are sent by mail to the address on file in the Admissions Office, or are transferred electronically to the student's bank account, or on rare occasions sent to the College Business Office. It is your responsibility to report address and phone number changes to the Admissions and Financial Aid & Scholarship Offices.
Loan Disbursement and Cancellation
If your award includes a Loan and you choose to accept it, you will receive disbursement instructions during the Loan Counseling Session or from your loan award notification. Upon receive your loan disbursement, should you decide to cancel all or portions of your loan within 120 days from the day of the disbursement, you must:
Disbursements will be adjusted if enrollment is less than full-time. Supplemental disbursement generates throughout the academic year. Disbursements will be adjusted if enrollment increases or decreases. Payment for late starting classes will not be issued until the class begins. After the second disbursement run date of the Fall and/or Spring semesters, no further award adjustments will be made. The following chart is an example of a financial aid disbursement schedule.