Log onto SURF, click on Financial Aid, and select the aid year to review your financial aid award summary and cost of attendance information. MiraCosta College disburses financial aid funds approximately every two weeks beginning the week prior to the start of the corresponding semester. Please refer to the MiraCosta College Financial Aid Office website (http://www.miracosta.edu/studentservices/financialaid/index.html) for additional information regarding disbursement dates.
Please remember that initial awards are subject to change! The awards are based on 12 units of enrollment and will be reduced if a student enrolls in less than 12 units. Awards may also be reduced based on information provided on To-Do List required documents. Financial Aid funds WILL NOT be disbursed until all To-Do List items have been completed and your file has been reviewed.
Disbursement of Pell Grants and Direct Loans* will be disbursed no sooner than one week prior to the start of the semester. In order to be scheduled for a disbursement, students must complete all required items on their To-Do List and have their file review completed.
Students without academic history or a 0% completion rate, enrolled in distance education, must wait until the published census date for those classes before aid may be disbursed.
If your file is completed and reviewed prior to the start of the fall and/or spring semester, Pell Grants and Direct Loans will be disbursed in three increments for the semester:
- 25% will be disbursed the week prior to the start of the semester
- 25% will be disbursed after the add/drop deadline
- the remaining 50% will be disbursed after the midpoint in the semester
All other financial aid, excluding scholarships, will be disbursed in full, after the add/drop date. You can view this chart for more information.
Examples of possible disbursement scenarios
Student A had all To-Do List items completed and their file reviewed prior to the start of the fall semester and is enrolled in 12 units. They are eligible for $2,500 of Federal Pell Grant. For the first disbursement, which would occur prior to the first day of the semester, they will receive $625 ($2,500 X 25%). After the add/drop date, the student is still enrolled in 12 units, they will receive another $625 ($2,500 X 25%) after the add/drop date. At the midpoint in the semester, the student is still enrolled in 12 units so they will receive the remaining balance of $1,250 since they did not drop any units.
Student B did not have all their To-Do List items completed and their file reviewed until right after the add/drop date and is enrolled in 12 units. They were not eligible for a disbursement prior to the start of the semester. They are now eligible for $2,500 of the Federal Pell Grant. They receive their first disbursement of $1,250 ($2,500 X 50%). After the midpoint in the semester, they are still enrolled in 12 units so they will receive their second and final disbursement for $1,250 ($2,500 x 50%).
Student C did not have all their To-Do List items completed and their file reviewed until right before the midpoint of the semester. They were not eligible for a disbursement prior to the start of the semester or for a disbursement after the add/drop deadline. They are still enrolled in 12.0 units and are eligible for $2,500 of the Federal Pell Grant. They receive their first and only disbursement for the semester of $2,500 ($2,500 X 100%) after the midpoint of the semester.
*First time loan borrowers are subject to a 30 day hold on their loan disbursement per federal regulations.
IMPORTANT NOTE: Financial aid eligibility is based on the number of units enrolled as of the add/drop date for the corresponding semester. Waitlisted units do not count toward enrollment. Classes added after the add/drop date will not be counted toward financial aid eligibility. Students who withdraw after the add/drop date may be required to repay a portion of their financial aid funds.
MiraCosta College partners with a third party servicer, BankMobile, to disburse financial aid funds. By doing so, we are able to disburse funds to students faster and more frequently. You may choose direct deposit to your current bank account or direct deposit to a BankMobile account as your preferred method of financial aid delivery. A BankMobile refund selection kit will be emailed and sent by U.S. mail to financial aid students in a bright green envelope; this packet will have instructions for account authentication and choosing your preferred disbursement method. To find the location of a BankMobile ATM you can use the ATM locator online or download the BankMobile app.