Disbursement and Direct Deposit
All financial aid funds are disbursed on scheduled dates each term. As long as you are enrolled in an eligible program and your file is complete, you will receive two disbursements of Federal Grant aid each semester, based on your enrollment level. Federal grant aid (includes Pell Grant and Supplemental Educational Opportunity Grant). Federal Direct Loans are also disbursed in two payments based on the approved loan period. Cal Grant funds will be disbursed in a single payment each term on or after the second scheduled disbursement date.
All disbursed financial aid (grants, federal student loans, and scholarships) will be first applied towards current institutional fees you may owe Cañada College, College of San Mateo or Skyline College such as enrollment fees, health fees and nonresident tuition. For the majority of students, your financial aid award is generally more than the amount owed, and you will be paid the remaining balance, commonly referred to as a financial aid refund.
Disbursement Option 1: Direct Deposit
To receive your financial aid refund, you are advised to sign up for direct deposit through WebSMART so your refund will automatically be deposited into your bank account. We encourage you to sign up for direct deposit which is the fastest and safest way to receive funds.
- Log into WebSMART
- Click the "Financial Aid" Tab
- Click the "Account Information for Direct Deposit" link
- Enter your account information as instructed
It may take up to a week to validate your direct deposit account number. While this process is pending, if you have a financial aid refund, it will be mailed to you in a paper check.
IMPORTANT: If you close your bank account after signing up for direct deposit, you must log in to WebSMART and provide updated information.
Disbursement Option 2: Paper Check
If you do not sign up for direct deposit, you will receive paper checks in the mail. Paper checks may take up to an additional 7 to 10 days after your financial aid payment has been disbursed. All checks are mailed to the you and will be sent to your address in WebSMART. If you have more than one address in WebSMART, please know the "Mailing Address" has priority and will be used instead of the Legal Address. It is your responsibility to ensure your address information is correct at all times.
*Please cash your check immediately. Should you lose your check, please contact the Financial Aid Office immediately.
If you need assistance in setting up Direct Deposit in WebSMART, please attend one of our weekly FAFSA Tuesday or Dream Act Wednesday workshops. Students should check-in at the Financial Aid Office.
2014-2015 Disbursement Schedule:
|Fund||Fall 2014||Spring 2015|
|Scholarships||August 8, 2014||January 9, 2015|
|Pell Grant and SEOG||August 8, 2014
September 9, 2014
|January 14, 2015
February 18, 2015
|Cal Grant||September 9, 2014||February 18, 2015|
|Direct Loans* – Full Year Loan Period||August 8, 2014||January 14, 2015|
|Direct Loan* - One Semester Loan Period||Fall Only Loan: August 8, 2014 October 17, 2014||Spring Only Loan: January 14, 2015 March 20, 2015|