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 (4/17/13 for the Spring 2013 semester) will be adjusted accordingly.
For instance, a student receiving the maximum Pell Grant award who was enrolled in 6 units on 1/28/13, but who added an additional 6 units after school started, would be paid a half-time Pell Grant of $694 on 2/1/13 and the other $694 on 4/17/13, in addition to the 2nd Pell Grant disbursement of $1,387 (assuming the student is still enrolled full-time on 4/17/13).
Cal Grant funds are disbursed in one payment per semester. These checks will be generally be issued on the second disbursement date of each semester, funds permitting, and afterwards on the scheduled disbursement dates. Disbursements are processed by each student's file completion date.
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 (4/17/13 for the Spring 2013 semester).
Direct Loan (student) disbursements are divided in half and are issued along with Pell Grants on the dates noted below beginning on 2/14/13 for the Spring 2013 semester for returning borrowers.
First-time borrowers at COD will need to wait 30 days before their Direct Loan disbursement is made. Direct deposits or checks for first-time borrowers at COD for the Spring 2013 semester will first be available on the 3/1/13 check run. Students will need to make sure that all of their paperwork is completed with the Financial Aid Office prior to their Direct Loan being processed. Please contact the Financial Aid Office regarding the steps to apply for a Direct Loan.
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.