You receive your financial aid refund according to the semester disbursement schedule, typically as a set of two payments – one at the start of the term, and one half-way through.
The amount of money you receive via financial aid is based on your enrollment status and eligibility. Unit checks are done approximately 2 weeks before each disbursement date. CalGrant and Direct Loan recipients must be enrolled at least half-time, or 6 units, in an approved academic program. Remaining in classes is important; if you drop classes that you received funding for, you may be asked to repay those funds.
What may cause a disbursement delay?
Changes to your FAFSA or Admissions applications, including changing your home college location, are likely to cause delays to your financial aid eligibility and disbursements. Disbursement dates are contingent upon funding and are subject to change without notice.
Disbursements with BankMobile
MVC has partnered with BankMobile to deliver your financial aid refund. Students have the option to receive their disbursement as a direct deposit to a checking account, or to a BankMobile account. Information on how to make that choice will be sent once your financial aid application is processed and your award letter sent. You can change your refund preference at any time by logging into your BankMobile profile.
It is important to keep your address up to date. If you need to change your address, update it on WebAdvisor or with the Admissions and Records office first. Your address must be marked as "Preferred Mailing" in order to be valid. Then you will need to update your address with BankMobile by logging into your BankMobile profile.
For more information about our partnership with BankMobile, view MVC's contract with BankMobile, a Division of Customer Bank
To find Allpoint ATMs near you, you can either:
- Download the Allpoint®-Surcharge-Free ATM app on your phone
- Use the ATM finder on the Allpoint® website
- Call 1 (800) 809-0308 and select option 2 for the Voice Assistance ATM Locator
Riverside Community College District and Wells Fargo have teamed up to offer you optional added banking convenience with your Moreno Valley College Card when you choose to link it to a Wells Fargo Checking account.
For information about the major features and common fees of checking accounts offered through this program, learn more about the benefits of your Student ID.