Federal school code for Northcentral is 038133 (OPEID) Step 2: You must be accepted to Northcentral before your financial aid process may begin. Enrollment level (¼, ½, ¾, full-time or full-time PLUS) is reviewed the end of the month and changes to FA processed the following month. Financial Aid Disbursement Schedule and Important Dates. receive Direct Loan disbursements. 2020‐2021 Financial Aid Disbursement Schedule Disbursement Eligibility Table Disbursement deadline dates are subject to change WITHOUT notice. Refer to Financial Aid Disbursement Methods on the reverse for information on choosing your disbursement option. 2020-2021 Financial Aid Disbursement Dates *File Completion Date: Students will not need to accept their financial aid awards (except for the Direct Loan). Federal grants and loans; Scholarships; More Information About Your Financial Aid Disbursement: Flex Entry Courses. For the most part, your financial aid money goes directly to your college. Only students who have submitted the necessary documentation, meet all financial aid eligibility requirements, and are active in classes will receive disbursements as outlined in the above schedule. Financial aid disbursement is the process by which financial aid money gets paid to the institution or person that it needs to go to. Financial aid and scholarship awards are used to pay for your tuition, fees, and on-campus housing balance. Financial Aid Refunds When financial aid exceeds the bill resulting in a credit balance, a refund will be generated. At San Bernardino Valley College, the Federal Pell Grant award will be divided into two payments each semester. Please visit Refunds for more information on refund disbursement methods. Federal aid cannot pay the following charges: Installment Plan, Short Term Loan Origination, Memorial Loan, Late Payment, Default, Excess Hours Tuition, or Repeat Course. Here are the steps to begin your federal student aid process: Step 1: Complete your Free Application for Federal Student Aid (FAFSA) www.fafsa.ed.gov. When you’ve made the decision to attend college, the last thing you want to worry about is when you will receive your financial aid and any available refunds. College financial aid disbursement typically takes place sometime between 10 days before and 30 days after classes start. Some forms of financial aid (like work-study funds) go directly to you. Disbursement schedule. The first disbursement will be issued during the first week of the semester. Return of Financial Aid Funds Due to Withdrawal You may be required to repay federal aid if you withdraw before completing 60% of the course length. Financial Aid Disbursement Schedule. Disbursement. Please Note: These are estimated disbursement dates. 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