Disbursement Information By Program
PELL Grant award amounts are divided in half and will be disbursed with one part being issued at the beginning of the semester and the second half near the halfway point of the semester. If a student adds or drops classes after receiving their first Pell Grant disbursement, the second payment (4/14/14 for the Spring 2014 semester) will be adjusted accordingly.
For instance, a student receiving the maximum Pell Grant award who was enrolled in 6 units on 1/24/14, but who added an additional 6 units after school started, would be paid a half-time Pell Grant of $694 on 2/18/14 and the other $694 on 4/14/14, in addition to the 2nd Pell Grant disbursement of $1,387 (assuming the student is still enrolled full-time on 4/14/14).
A credit will be authorized for all CA resident students awarded a Pell Grant AND enrolled at least half-time (6 units) to purchase books thru the COD Bookstore beginning 1/13/14. For students whose files have been completed, the following information can be used to determine how much bookstore credit will be received:
FAFSA EFC Range Bookstore Authorization Amount
0 to 3,600 $500.00
3,601 to 4,500 $250.00
The credit authorizations will be available until 2/7/14. Bookstore charges will be posted to your student account which will be paid by the first disbursement of your Spring 2014 Pell Grant. Students not wishing to use the bookstore authorization will receive the first disbursement of their Pell Grant funds on or after 2/18/14. For more information please contact the Financial Aid Office.
Cal Grant B funds, like federal aid, is disbursed to each student’s account covering tuition and fees. Credit balance refunds are then issued to each student by Higher One electronically to their respective checking or savings accounts or by paper check. Cal Grant B students may ‘opt-out’ of this process by completing an ‘authorization’ form available in the Financial Aid Office so that no educational expenses are deducted from their disbursement. Students choosing to ‘opt-out’ will be required to pay their institutional charges owed to the College in-full before being able to register for a subsequent term or obtain academic transcripts.
SEOG disbursements are processed in one payment per semester. These payments are usually issued with the Pell Grant disbursements and are processed beginning with the 2nd half Pell Grant disbursement listed below (4/14/14 for the Spring 2014 semester).
COD Scholarship checks will not be issued to students until after the semester has started. For more information please click on the Scholarship Information link above for specific dates, locations and requirements.