Disbursement Schedule

BANK MOBILE DISBURSEMENT ALERT: FAKE FINANCIAL AID REFUND EMAILS

 

The Compton College Financial Aid Office and IT Department have detected a high-volume phishing scam targeting students. Scammers are sending fake emails and text messages pretending to be BankMobile (BMTX) or the Financial Aid Office to steal your refund money and student identity.

How to Spot the Scam:
Email Source: If the email address ends in @gmail.com, @yahoo.com, or any random generic personal account such as steven.russel@attemplate.com, it is an absolute scam.

Fake Forms: The scam emails ask you to click to a Google form, Microsoft Form, or an external website to “claim your refund balance” or “update your info.” Compton College and Bank Mobile will NEVER use Google or Microsoft Forms to handle your financial aid.

Urgency: They may threaten to cancel your disbursement or delete your account if you do not act immediately.

Fake Follow up Emails and Texts: If you fill out a fake form, scammers make text pretending to be “Compton IT Support” to steal your log in codes. NEVER share your login or security codes with anyone.

Protecting Yourself if Targeted:

If you received an email but didn’t click: Forward it to helpdesk@compton.edu immediately so our IT team can block it, then delete it.

If you entered information or shared login credentials:

• • • • Change your MyCompton password immediately.
      • Call the BankMobile Compromised Account Team right away at 855-398-9443.
      • Come to the Financial Aid Office or email us so we can review your account status.

Note:
Currently, Compton College Financial Aid refunds are being disbursed via Paper Checks at the Bursar's Office. Students will receive a direct email to their compton.edu email address from the Compton College Department of Financial Aid when their check is available for pick up. This will be the process until further notice.  

Stay alert and protect your information!

Sincerely,

The Compton College Department of Financial Aid

Financial Aid Disbursement Schedule

2026-2027 Academic Year

This page explains when financial aid is scheduled to disburse during the 2026-2027 academic year. Financial aid disbursements are based on active enrollment, eligibility, satisfactory academic progress (SAP), and completion of all required financial aid requirements.

Fall 2026 Enrollment Freeze Date

October 25, 2026 (11:59 p.m.)

You may add or drop classes through 11:59 p.m. on October 25, 2026. After this date, we complete a final review of your Fall 2026 enrollment for financial aid.

After the freeze date

• Your Fall 2026 enrollment used for financial aid review is finalized
• Financial aid can only pay for units you are officially enrolled in and actively attending
• Classes added after the freeze date are typically not included in the Fall 2026 financial aid calculations
• If your enrollment changes, your aid may be adjusted based on your official enrollment record and eligibility

Late-start classes

If you are enrolled in late-start classes, your initial disbursement may be lower. Eligible funds for late-start units are typically released on the second Monday after the class’s published start date, once your enrollment is active and eligibility is confirmed.

When Will I Receive My Financial Aid for Fall 2026?

Federal Pell Grant (Scheduled)

Classes beginning August 22, 2026

Disbursement	Date	Amount
First	8/17/ 2026	25%
Second	9/14/2026	25%
Third	10/26/2026	25%
Fourth	11/9/2026	25%

Direct Loan (Schedule)

Disbursement	Date	Amount
First	10/26/2026	50%
Second	11/09/2026	50%

Other Aid Disbursement (Schedule)

Classes beginning August 22, 2026

Grant Type	Date	Amount
FSEOG	9/14/2026	100%
Cal Grant	9/21/2026	100%
Chafee	9/21/2026	100%
Scholarship	TBD	100%
Student Success Completion Grant	11/09/2026	100%

Note: Each disbursement is based on your active enrollment and financial aid eligibility at the time funds are released.

Late-start classes: Portions of your Grants or Loans may be delayed until attendance is verified in all enrolled courses.

Pell Grant Ongoing Disbursements

Every Monday after August 17, 2026 for eligible students as files are completed and enrollment updates are processed.

Processing and deposit timing

Disbursements are processed on Mondays, please allow 7-10 Business Days to reflect on your BankMobile account. If you receive funds by direct deposit, it may take an additional 1–2 business days for the funds to appear in your bank account outside of BankMobile, depending on your bank.

*If you do not select a disbursement preference, a check will be mailed 21 days after BankMobile receives the disbursement

If your file is completed after the dates listed above, you can typically expect your first disbursement about 2–3 weeks after your file is complete (as long as you remain eligible and actively enrolled).

Important Reminders

Financial aid will not disburse until

• Your enrollment is active
• Your financial aid file is complete (all required documents and steps are submitted)
• You meet eligibility and Satisfactory Academic Progress (SAP) requirements
• You are enrolled in eligible units for the term

What Happens If I Withdraw from My Classes?

If you withdraw from all classes, stop attending, or fail to complete your courses, federal regulations require the college to recalculate your financial aid eligibility based on your last date of attendance.

As a result:

• You may earn only a portion of the financial aid you received
• Any unearned funds must be returned to the U.S. Department of Education
• This may create a balance owed to the college and/or a federal overpayment that you are required to repay
• The amount you are responsible for depends on when you stop attending and federal Return of Title IV (R2T4) rules.

Withdrawing can also affect your Satisfactory Academic Progress (SAP) and future eligibility. If you are considering withdrawing, contact the Financial Aid Office first so we can explain how it may impact your aid.

You must have a completed file and meet SAP requirements (Good Standing or Warning status) to receive financial aid. For more information, visit our SAP Policy page:
https://www.compton.edu/admissions-aid/financial-aid/sap.aspx

Course Repeats

Repeating a course may affect your financial aid eligibility. In general, federal financial aid has limits on paying for repeated coursework, especially after you have already passed the course.

If you are repeating a class and are unsure whether it will be covered, contact the Financial Aid Office so we can review your specific situation.

California College Promise Grant (CCPG)

The California College Promise Grant (CCPG) is a fee waiver. It does not disburse cash to students. It stays on your account to waive eligible enrollment fees as you register for classes.
 
Federal Pell Grant Enrollment Intensity Per Semester

Number of Units Enrolled	Percentage of Disbursed Amount	Enrollment Status Equivalent
12 (or more)	100%	Full-Time
11	92%	Three-Quarter Time
10	83%	Three-Quarter Time
9	75%	Three-Quarter Time
8	67%	Half-Time
7	58%	Half-Time
6	50%	Half-Time
5	42%	Less-than-Half-Time
4	33%	Less-than-Half-Time
3	25%	Less-than-Half-Time
2	17%	Less-than-Half-Time
1	8%	Less-than-Half-Time