Federal Pell & Loan Disbursement Schedule

Federal Pell Grant

Below is the Federal Pell Grant eligibility chart to determine what percentage of the Pell grant you are eligible for based on your enrollment status. In addition, the Pell Grant scheduled disbursement dates for the Summer 2022, Fall 2022, and Spring 2023 semesters are listed below. 

Pell Grant Eligibility Chart

Enrollment Status	Units Enrolled	% of Pell Eligibility
Full Time	12 units or more	100%
Three Quarter Time	9.0 - 11.5 units	75%
Half Time	6.0 - 8.5 units	50%
Less than Half Time	5.5 units or less	Eligibility to be determined
*Units Enrolled = You will only be paid for classes you are actively attending. Late starting classes must start 3 weeks prior to disbursement date.

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Summer 2022 (Pell ONLY)

Student File Completion Deadline*	Eligibility Notification*	1st Disbursement	2nd Disbursement
05/27/2022	Early June	June 30th, 2022 50% of Summer Award, Spring/Fall Retro	August 4th, 2022 100% of Summer Award, Spring/Fall Retro
06/20/2022	Early July	August 4th, 2022 100% of Summer Award, Spring/Fall  Retro	N/A
Note - Classes added AFTER the Pell Recalculation date (07/22/22) will NOT count towards your Pell Grant eligibility, regardless of class start date.

Fall 2022 (Pell ONLY)

Student File Completion Deadline*	Eligibility Notification Sent to COD Email	1st Disbursement	2nd Disbursement	3rd Disbursement	Disbursements
08/08/2022	Early September	09/21/2022 34% of fall grant	10/19/2022 33% of fall grant	11/14/2022 33% of fall grant	1st Disbursement 09/21/2022 34% of fall grant 2nd Disbursement 10/19/2022 33% of fall grant 3rd Disbursement 11/14/2022 33% of fall grant
09/02/2022	Early October	10/19/2022 67% of fall grant	11/14/2022 33% of fall grant	N/A	1st Disbursement 10/19/2022 67% of fall grant 2nd Disbursement 11/14/2022 33% of fall grant 3rd Disbursement N/A
09/26/2022	Early November	11/14/2022 100% of fall grant	N/A	N/A	1st Disbursement 11/14/2022 100% of fall grant 2nd Disbursement N/A 3rd Disbursement N/A
11/02/2022	Early December	12/15/2022 100% of fall grant	N/A	N/A	1st Disbursement 12/15/2022 100% of fall grant 2nd Disbursement N/A 3rd Disbursement N/A
12/01/2022	Early January	01/11/2023 100% of fall grant	N/A	N/A	1st Disbursement 01/11/2023 100% of fall grant 2nd Disbursement N/A 3rd Disbursement N/A

Spring 2023 (Pell ONLY)

Student File Completion Deadline*	Eligibility Notification Sent to COD Email	1st Disbursement	2nd Disbursement	3rd Disbursement	Disbursements
01/06/2023	Early February	02/24/2023 34% of spring grant, fall retro	03/20/2023 33% of spring grant, fall retro	04/20/2023 33% of spring grant, fall retro	1st Disbursement 02/24/2023 34% of spring grant, fall retro 2nd Disbursement 03/20/2023 33% of spring grant, fall retro 3rd Disbursement 04/20/2023 33% of spring grant, fall retro
02/03/2023	Early March	03/20/2023 67% of spring grant, fall retro	04/20/2023 33% of spring grant, fall retro	N/A	1st Disbursement 03/20/2023 67% of spring grant, fall retro 2nd Disbursement 04/20/2023 33% of spring grant, fall retro 3rd Disbursement N/A
03/03/2023	Early April	04/20/2023 100% of spring grant, fall retro	N/A	N/A	1st Disbursement 04/20/2023 100% of spring grant, fall retro 2nd Disbursement N/A 3rd Disbursement N/A
04/05/2023	Early May	05/11/2023 100% of spring grant, fall retro	N/A	N/A	1st Disbursement 05/11/2023 100% of spring grant, fall retro 2nd Disbursement N/A 3rd Disbursement N/A

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Federal Direct Loans

Below are the Federal Direct Loan scheduled disbursement dates for the Fall 2022 and Spring 2023 semesters. Note, typically a student will receive ONE (1) loan disbursement each term, unless the student has remaining eligibility. 

Fall 2022 (Loans ONLY)

Financial Aid File Completion Date	Loan Request Form received by	Disbursement Date
September 2nd, 2022	September 19th, 2022	October 29th, 2022
September 26th, 2022	October 14th, 2022	November 14th, 2022
November 2nd, 2022	November 15th, 2022	December 15th, 2022

Spring 2023 (Loans ONLY)

Financial Aid File Completion Date	Loan Request Form received by	Disbursement Date
February 3rd, 2023	February 20th, 2023	March 20th, 2023
March 3rd, 2023	March 20th, 2023	April 20th, 2023
April 5th, 2023	April 21st, 2023	May 22nd, 2023

Notes

• *Financial Aid File Completion Date means FAFSA application must be received by COD, all required documents must be submitted to the Financial Aid office, and file must be determined to be complete by the Financial Aid office by this date. Please note that turning in required documents does not guarantee a financial aid award or disbursement.

• The financial aid office will send notifications to your COD student email account and actual awards will be posted on the Financial Aid Student Self Service Portal.

• Be sure to select your disbursement method by logging onto https://bankmobiledisbursements.com/refundchoices/.

• You will only be paid for classes you are actively attending. Remaining in all of your classes is critical to avoid repayment of funds received. If you receive payment for a class and drop, you may be required to repay a portion or the entire grant you received. Please see our drops, withdrawals and repayment of funds policy.

• All disbursement dates are contingent upon funding and subject to change. Grant disbursements are based on your enrollment status and units will be checked approximately 2 weeks before each disbursement date.

• Late start classes must start at least two weeks prior to disbursement date in order to be included in that disbursement.

• For additional information please visit the COD Financial Aid website

• This schedule is subject to Change at any time without warning.

• If you are not a California resident or are not eligible for the California College Promise Grant you will need to set up a payment plan with the Bursar’s office to avoid drop for non-payment until your Pell Grant disburses.