How to Track Your Financial Aid Disbursement
To our Financial Aid Recipients,
Disbursements occur weekly beginning the first Friday of the semester (August 29, 2014). All eligible students who have met the priority filing date of June 30, 2014 for the fall semester and who meet the Satisfactory Academic Progress Policy will be considered for the first disbursement. The Federal Pell Grant is disbursed in two equal installments each semester, 50% the first disbursement and 50% after the mid-point of the semester. Students will note a negative balance on their account once the disbursement has occurred. It may take 5-10 business days for the funds to be processed and transferred to the student’s Higher One account after a request for payment is made. The negative balance will disappear from the student’s account once the grant or loan has been transferred to the Higher One Account. Students set up to receive email and/or text messages from Higher One will be notified when the disbursement hits their account. All grant disbursements are based on the number of units in which the student is enrolled at the time of the freeze date for the semester.
Freeze Dates:
FALL September 8, 2014
Disbursement Dates:
FALL 2014 Semester:
1st 50% disbursement of Federal Pell Grant: August 20, 2014**
2nd 50% disbursement of Federal Pell Grant: October 17, 2014**
Office Hours: Monday – Thursday 8 a.m. – 6 p.m., Friday 8 a.m. – 12 p.m.
Telephone: (714) 484-7114
Email: financialaid@cypresscollege.edu
Sincerely,
Cypress College, Financial Aid Office