Receiving Funds/Fund Disbursement

Find out what a disbursement is, how you can find out your eligibility and how to select a refund method.

What is a Disbursement

Disbursement is when Financial Aid orders funds for eligible students. 

View Refund Disbursement Dates

Watch a video on how BankMobile disbursement works.

Disbursement Availability

To be eligible, you must:

  • Be enrolled in classes
  • Have turned in all requested financial aid documents so your file can be verified
  • Resolve any problems that we’ve e-mailed you about or that appear on mySierra 

All other financial aid (scholarships from high schools and other organizations, Chafee Grants, Cal Grants, etc.) will be available when we receive the money from the State of California or the appropriate agency.

View Refund Disbursement Dates. 

Selecting a Refund Preference

Financial Aid (grants, federal student loans, and scholarships) will be used to pay for any fees, such as enrollment and health fees. If your financial aid is more than the total amount of fees, you will be refunded the difference. To receive the refund, please select a refund preference with BankMobile. For more information about BankMobile, visit:

BankMobile Contract

Each college and university must publish any third-party contracts. View the BankMobile contract.


Article ID: 73941
Mon 3/18/19 9:41 AM
Wed 6/1/22 12:23 PM