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Financial Aid Disbursements

Disbursement Dates for Fall 2015 and Spring 2016

• 1st Fall Disbursement: 10/02/2015 
• 2nd Fall Disbursement: 11/06/2015
• 1st Spring Disbursement: 2/20/2016
• 2nd Spring Disbursement: 3/19/2016

Please Note:  The scheduled disbursement dates is the first date in which City Colleges can begin the process of requesting the necessary internal authorizations and approvals from the Department of Education to begin to post aid to a student’s account. Students can typically expect 1-3 weeks from the disbursement date for their financial aid awards to be posted to their Student Account. The refund process will take place within 14 days after disbursement has been posted to your account. You can view the status of your financial aid and account balance by visiting

If you have more than enough financial aid (grants and/or student loans) to cover the cost of your tuition and fees, the remaining funds will be generated to you as a credit balance refund. You can use these funds for the purchase of books, to cover some of your living expenses, or any other educational expenses you may encounter. Refunds are available after your financial aid is disbursed and a credit balance is created on your account. This can take place at two separate points during the fall and spring terms (most eligible students receive a refund after the second disbursement). The first half of the financial aid disbursement will be scheduled 4-6 weeks after the term begins. The remaining disbursement will be scheduled two weeks after mid-term. For the Summer term, 100% of the disbursement will be scheduled 2 weeks after mid-term.

There are two ways of obtaining your refund:
1. Direct Deposit
2. Paper Check

We strongly encourage you to set up direct deposit, which will reduce the amount of time it takes for you to receive your refund, as well as eliminate any issues with your check being mailed to the incorrect address. To find out more details and learn how to choose your refund option, click the following link:   
Refund Options   





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