Disbursement Schedule

Disbursement Information

Financial aid disburses at different points throughout the semester. Please review the disbursement schedule for dates for each semester (fall, spring, and summer). To ensure your financial aid disburses on time, make sure all your requirements are completed in MyCompton at least two weeks before the start of the semester.

DISBURSEMENT PROCESS
It can take up to one month from the file completion date before funds arrive on a student’s selected refund preference with BankMobile Disbursements. The following guideline may assist you: Funds are disbursed daily beginning approximately the week school begins. Once disbursed, students will note a credit balance (a negative dollar amount) in their account history in myCompton. At this stage, refunds have not yet been processed. This amount is reflective only of whatever funds have been disbursed (each fund has its own requirement) and is based on units enrolled at the time of disbursement. Any added classes are paid
in future “make-up” disbursements up to the freeze date. If classes are added after the freeze date, no payment will be received for those classes. Once the funds are being transferred BMTX, Inc., the student will see their account history return to a “0” balance in myCompton. This means funds have been ordered and may take up to one more week before a deposit is shown on the student’s selected refund preference with BankMobile Disbursements.

BANKMOBILE DISBURSEMENTS
Compton College delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. All funds are deposited to either the student’s personal bank account or the BankMobile Vibe Checking account. For more information please go to https://bankmobiledisbursements.com/refundchoicessso/

If you’ve been awarded the Pell Grant, the first 50% disbursement will begin on February 21, 2025, and every Friday thereafter. The second 50% disbursement will begin on March 14, 2025, and every Friday thereafter.
If you've been awarded a SEOG, Cal Grant A-SWD, B, & C be disbursed on March 14, 2025 and every Friday thereafter
If you've been awarded a Federal Direct Loan, 100% will be disbursed on March 14, 2025 and every Friday thereafter for returning students. Federal Direct Loans for new first-time borrowers will be disbursed 30 days after the start of their classes.
If you’ve been awarded the SSCG, 100% will be disbursed on May 2, 2025.
If your file is completed after the date(s) listed on the schedule, you can expect your disbursement about 2-3 weeks after your file has been completed. Please note that all disbursements typically arrive on Fridays. If you’re having funds transferred to your bank account, it may take an additional 1-2 business days for the funds to reach your account.

The California College Promise Grant (CCPG) is a fee waiver that does not disburse to students. It remains in the student's account to waive the enrollment fees as they register for courses.

Units of Enrollment Required for Disbursement Per Semester