About the Financial Aid Disbursement Process

• When viewing your Financial Aid Award Information on your myCuesta Portal, you will notice that your financial aid is listed by Aid Year and also by Term for the Aid Year. Financial aid is offered as an academic year amount that splits evenly between the Fall and Spring semesters. However, depending on your unit enrollment each semester, the amount you receive per semester may vary. Please view the Financial Aid Programs to see the unit requirements for all available financial aid programs.
• Additionally, within each semester, some financial aid programs may require a 50% disbursement schedule. Under this schedule, the semester's portion of the financial aid fund is split evenly into two equal disbursements.
• Fall and spring semesters have two or three primary disbursement dates, while summer semester has only one disbursement date.  Certain funds, like the Pell Grant, must be split and paid on three separate dates each term.  Others, like loans, may disburse on the first disbursement date or later. 
• Funds are always disbursed on Tuesdays, and the amount is reported to BMTX, Inc. on Thursday and students are scheduled to receive on Fridays.
• To see if funds disbursed for you on a Tuesday: check your "Pay Fees- View Account" on the myCuesta student portal on Wednesday that you are expecting a disbursement.  If we have disbursed funds to you, you will see a "refund" posted, the amounts, and a negative or reduced balance on your account.  If the balance is negative, it is a refund coming to you via your refund preference.  
• The Financial Aid Office processes disbursements every week (with exceptions for holidays) throughout the semester.  

Disbursement dates are available on your myCuesta student portal. Remember that the date shown is a Tuesday, but you'll likely receive the funds on Friday or later. Please plan accordingly.

To understand the calendar, see explanations of each section below:

• Financial Aid Fund Type: This is the type of financial aid program for which the disbursement is for
• Disbursement Date:  This is the date in which  financial aid funds will apply to your student account. Financial aid is first used to cover current tuition and any other current institutional fees you owe to Cuesta College.
• Refund to Student Date: If your financial aid is more than the amount owed, you will receive the remaining balance at the Refund to Student Date.  

Disbursement Calendar: Fall 2024

• Financial aid freeze dates are dates when the student's enrollment status is frozen or locked for financial aid purposes. 
• Adding/dropping courses should be done prior to the financial aid freeze date for the semester. 
• Courses added after the financial aid freeze date cannot be used to increase enrollment status for financial aid eligibility.
• Fall 2024 Freeze Date: September 9, 2024
• Spring 2025 Freeze Date:  February 17, 2025
• Summer 2025 Freeze Date: June 23, 2025

If your awards are posted prior to the start of the semester, they will disburse on the first main disbursement dates of the semester.

If your awards are posted after a main disbursement date, they will disburse on the next Tuesday that comes along. The Financial Aid Office processes disbursements every week (with exceptions for holidays) throughout the semester.  

If you are receiving Federal Pell Grants, remember that the amount you are paid is based on the number of units you are enrolled in and attending.

For example, if you are enrolled in 12 units but 3 of them start later in the semester, then on the 1st disbursement date, you will be paid the amount for 9 units because these are the units you are enrolled in and attending. Then, once your 3-unit late start class begins, you will be paid for the remaining units.

If your appeal is approved (and your awards are already posted), your funding will disburse on the following Tuesday.