Disbursements and Refunds

The actual amount of your Pell Grant is determined the day before our classes start. This is called the “Pell Recalculation Date.”  It means on this date your enrollment is locked and your financial aid is based on that enrollment.

To maximize your award, it is important to finalize your course schedule before Pell Recalculation Date. If you add a course, such as a late start courses, after the Pell Recalculation Date, your award will not be increased.

2023-2024 Pell Recalculation Dates:

• The Pell Recalculation Date for Fall 2023 is 9/7/2023 at 7 pm
• The Pell Recalculation Date for Spring 2024 is 2/1/2024 at 7 pm
• The Pell Recalculation Date for Summer 2024 is 6/12/2024 at 7 pm
• Remember that grants are based on your enrollment. If you drop a class that has not started yet, your grant will be adjusted to reflect that you are not taking that class. 
• Related, if you stop attending a class, you likely will need to return the funds that were disbursed to you. 
• Summer Pell: If you took 12+ credits in the fall and in the spring, you can get a summer Pell grant, if you take at least 6 credits. You will not receive the disbursement until you begin attending classes to earn all 6 credits. That means, if a one 3-hour class starts in May and another 3-hour class starts in July, disbursement for both classes will happen in July.

• Some scholarships require you to take a certain number of credits. In those cases, the scholarship will disburse only if you are enrolled in the required number of credits.
• Non PCC scholarships will disburse after funds are received from the donor but no earlier than one day before classes begin.  If you are expecting a non-PCC scholarship and do not see if listed in your MyPima account, you might want to contact the donor to see if the funds have been sent to the College.

• Students receive work study will receive the funds every two-weeks in the form of a pay check. The amount you receive will be based on the number of hours you work. 
• Your first check or two will be mailed to your local address. It is advised that you set up a direct deposit as soon as you are hired.

Direct Student Loans

PCC disburses Direct Student Loans twice per semester or period (or four times during the academic year.)

• Each year a student loan is accepted, the student loan borrower should complete the Annual Student Loan Acknowledgement (ASLA) at www.studentaid.gov/asla.
• The first is at the start of classes and the second is at the midpoint of the semester.
• The loan funds will disburse once you are attending 6 credit hours worth of classes and have met all other eligibility criteria.
• If you are enrolled in non-16 week courses, you date of disbursement will be different from published dates.
• Disbursements might be delayed if you have any red X icons in your Financial Aid Requirements in MyPima, enroll in late-start classes, if your schedule reflects less than six credit hours, and/or if you do attend your courses.
• Your first loan disbursement of the semester will not occur until you are attending 6 credit hours worth of classes. That means students taking late-start classes might not receive disbursement until those classes begin.
• First-time Direct Loan borrowers are required to wait 30-days from the start of the semester for the first disbursement of their loans, regardless of their course schedule.

Private Loan Funds

Pima disburses private loan funds once per semester or period, which, is twice per academic year. Funds normally disburse on the first day of class, once students begin attending classes. The loan is subject to a final credit approval with the lender.