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 and Fall 2023.

Pell Grant Eligibility Chart

*Units Enrolled = You will only be paid for classes you are actively attending. Late starting classes must start 4 weeks prior to disbursement date.
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

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Fall 2023 (Pell ONLY)

Student File Completion Deadline*	Eligibility Notification Sent to COD Email	1st Disbursement	2nd Disbursement	3rd Disbursement	Disbursements
08/09/2023	Early September	09/25/2023 34% of fall grant	10/18/2023 33% of fall grant	11/15/2023 33% of fall grant	1st Disbursement 09/25/2023 34% of fall grant 2nd Disbursement 10/18/2023 33% of fall grant 3rd Disbursement 11/15/2023 33% of fall grant
09/07/2023	Early October	10/18/2023 67% of fall grant	11/15/2023 33% of fall grant	N/A	1st Disbursement 10/18/2023 67% of fall grant 2nd Disbursement 11/15/2023 33% of fall grant 3rd Disbursement N/A
10/03/2023	Early November	11/15/2023 100% of fall grant	N/A	N/A	1st Disbursement 11/15/2023 100% of fall grant 2nd Disbursement N/A 3rd Disbursement N/A
11/07/2023	Early December	12/18/2023 100% of fall grant	N/A	N/A	1st Disbursement 12/18/2023 100% of fall grant 2nd Disbursement N/A 3rd Disbursement N/A
12/13/2023	Early January	01/25/2024 100% of fall grant	N/A	N/A	1st Disbursement 01/25/2024 100% of fall grant 2nd Disbursement N/A 3rd Disbursement N/A

 

Spring 2024 (Pell ONLY)

Student File Completion Deadline*	Eligibility Notification Sent to COD Email	1st Disbursement	2nd Disbursement	3rd Disbursement	Disbursements
01/16/2024	Early February	02/27/2024 34% of spring grant, fall retro	03/21/2024 33% of spring grant, fall retro	04/17/2024 33% of spring grant, fall retro	1st Disbursement 02/27/2024 34% of spring grant, fall retro 2nd Disbursement 03/21/2024 33% of spring grant, fall retro 3rd Disbursement 04/17/2024 33% of spring grant, fall retro
02/02/2024	Early March	03/21/2024 67% of spring grant, fall retro	04/17/2024 33% of spring grant, fall retro	% of spring grant, fall retro	1st Disbursement 03/21/2024 67% of spring grant, fall retro 2nd Disbursement 04/17/2024 33% of spring grant, fall retro 3rd Disbursement % of spring grant, fall retro
03/08/2024	Early April	04/17/2024 100% of spring grant, fall retro	N/A	N/A	1st Disbursement 04/17/2024 100% of spring grant, fall retro 2nd Disbursement N/A 3rd Disbursement N/A
04/11/2024	Early May	05/22/2024 100% of spring grant, fall retro	N/A	N/A	1st Disbursement 05/22/2024 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 2023 and Spring 2024 terms. Direct loans are NOT offered during the Summer terms. 

Note, typically a student will receive ONE (1) loan disbursement each term, unless the student has remaining eligibility.

Fall 2023 (Loans ONLY)

Loan Request Form received by:	Disbursement Date:
September 18th, 2023	October 18th, 2023
October 16th, 2023	November 15th, 2023
November 13th, 2023	December 18th, 2023

Spring 2024 (Loans ONLY)

Loan Request Form received by:	Disbursement Date:
February 20th, 2024	March 21st, 2024
March 18th, 2024	April 17th, 2024
April 22nd, 2024	May 22nd, 2024

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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, as documents may be incomplete.

• 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.

• Disbursements are based on your enrollment status and units will be checked approximately 4 weeks before each disbursement date (this includes late-start classes). Disbursements will be applied towards your outstanding balance first (within the award year).

• 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.

• This schedule is subject to Change at any time without warning. All disbursement dates are contingent upon funding and subject to change.