Students with existing bank accounts should sign-up for Direct Deposit. The option to sign up for the SMCCCD Disbursement Prepaid Card is no longer available. Students are strongly encouraged to sign up for direct deposit and avoid the added risk of loss or theft when receiving paper checks by mail.
The SMCCCD Financial Aid Offices are under contract with Money Network® to provide financial aid refunds to students and are in the process of transitioning to a new electronic fund disbursement provider, Bank Mobile, beginning Fall 2018. More information will be forthcoming. The existing multi-year contract was negotiated between the San Mateo County Community College District and Blackboard. The contract,addendum, and cash management report are available for public inspection.
Financial Aid Disbursement Process
All financial aid funds are disbursed on scheduled dates each term. Federal grant aid (Pell Grant, Supplemental Educational Opportunity Grant) disburses twice each term with 50% of the scheduled award being disbursed on or after each scheduled date based on the student's enrollment level and program eligibility. Federal Direct Loans are also disbursed in two payments based on the approved loan period. Cal Grant funds are disbursed in a single payment each term on the second scheduled disbursement date of the semester. To check disbursement schedules, click here.
Deduction of Fees
Financial Aid (grants, federal student loans, and scholarships) will first be used to reduce current institutional debt you owe to College of San Mateo, Cañada College, or Skyline College such as enrollment fees, health fees, and nonresident tuition. If your financial aid is more than the amount owed, you will be paid the remaining balance.
How to Enroll for SMCCCD Direct Deposit (ACH Transfer)
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.
If you do not choose Direct Deposit your funds will be mailed to you by paper check. Paper checks may take up to an additional 7 to 10 days after your financial aid funds are disbursed.
All checks are mailed to the student's mailing or legal address in WebSMART. Please know that if you have more than one address type, 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.
Note: Paper checks are not only the slowest method for you to receive your funds but also the least secure due to the risk of loss, theft and fraud. Sign up to receive your funds electronically.
Students with questions or needing assistance should contact the Cañada College Financial Aid Office.