Federal Pell & Loan Disbursement Schedule

 

Federal Pell Grant

 

Understanding Enrollment Status

Starting the 2024-2025 academic year, the Department of Education has replaced the "old system" of enrollment categories (ex: full-time, half-time) with a new approach called "Enrollment Intensity" that will use percentage based on total units enrolled. This new system provides a more flexible and accurate way to calculate your Federal Pell Grant, tailoring the award amount to your actual enrollment level rather than fitting into broad categories.

The number of units you take, plays a significant role in determining your eligibility for Federal Pell Grant.

What is Enrollment Intensity?

Enrollment intensity is used to ONLY calculate your Federal Pell Grant eligibility, not for defining your enrollment status at the College OR other aid eligibility. Enrollment intensity is a percentage representing how many units you are taking compared to a full-time course load (12 units).

For example, if full-time enrollment is 12 units and a student is enrolled in 7.5 units, the enrollment intensity would be (7.5 ÷ 12) × 100% = 63% (rounded up).

Review the Federal Pell Grant percentage chart to determine your Pell Grant eligibility based on your enrollment intensity. Note, ONLY used for Pell Grant.

*Units Enrolled Enrollment Level
(OLD SYSTEM)
Enrollment Intensity
(NEW SYSTEM)
12 units + Full Time 100%
11 units Quarter Time 92%
10 units 83%
9 units 75%
8 units Half Time 67%
7 units 58%
6 units 50%
5 units Less than Half-Time 42%
4 units 33%
3 units 25%
2 units 17%
1 unit 8%
*Units Enrolled = You will only be paid for classes you are actively attending. Late starting classes must start 4 weeks prior to disbursement date.
*Half-unit (.5) are included in your overall calculation. See example above.

 


Summer Disbursement Schedule (Pell ONLY)

**Note: 08/15/2024 is the LAST day to submit missing documents to make the FINAL 2023-2024 disbursement on 10/03/2024.
Student File Completion Deadline* Eligibility Notification Sent to MyCOD Email 1st Disbursement Date 2nd Disbursement Date
05/06/2024 Early June 07/01/2024
50% of Summer & 100% Fall/Spring Retro
07/22/2024
100% of Summer, Fall, & Spring Retro
06/05/2024 Early July 07/22/2024
100% of Summer, Fall, & Spring Retro
N/A
**08/15/2024 Early September 10/03/2024
100% of Summer, Fall, & Spring Retro
N/A

Fall 2024 (Pell ONLY)

Student File Completion Deadline* Eligibility Notification
Sent to COD Email
1st
Disbursement
2nd
Disbursement
3rd
Disbursement
Disbursements
08/02/2024 Early September 09/26/2024
34% of fall grant
10/17/2024
33% of fall grant
11/14/2024
33% of fall grant

1st
Disbursement

09/26/2024
34% of fall grant

2nd
Disbursement

10/17/2024
33% of fall grant

3rd
Disbursement

11/14/2024
33% of fall grant
09/09/2024 Early October 10/17/2024
67% of fall grant
11/14/2024
33% of fall grant

N/A

1st
Disbursement

10/17/2024
67% of fall grant

2nd
Disbursement

11/14/2024
33% of fall grant

3rd
Disbursement


N/A
10/07/2024 Early November 11/14/2024
100% of fall grant

N/A

N/A

1st
Disbursement

11/14/2024
100% of fall grant

2nd
Disbursement


N/A

3rd
Disbursement


N/A
11/04/2024 Early December 12/19/2024
100% of fall grant

N/A

N/A

1st
Disbursement

12/19/2024
100% of fall grant

2nd
Disbursement


N/A

3rd
Disbursement


N/A
12/05/2024 Early January 01/23/2025
100% of fall grant

N/A

N/A

1st
Disbursement

01/23/2025
100% of fall grant

2nd
Disbursement


N/A

3rd
Disbursement


N/A

Spring 2025 (Pell Only)

Student File Completion Deadline* Eligibility Notification
Sent to COD Email
1st
Disbursement
2nd
Disbursement
3rd
Disbursement
Disbursements
01/13/2025 Early February 02/27/2025
34% of spring grant, fall retro
03/20/2025
33% of spring grant, fall retro
04/16/2025
33% of spring grant, fall retro

1st
Disbursement

02/27/2025
34% of spring grant, fall retro

2nd
Disbursement

03/20/2025
33% of spring grant, fall retro

3rd
Disbursement

04/16/2025
33% of spring grant, fall retro
02/05/2025 Early March 03/20/2025
67% of spring grant, fall retro
04/16/2025
33% of spring grant, fall retro

N/A

1st
Disbursement

03/20/2025
67% of spring grant, fall retro

2nd
Disbursement

04/16/2025
33% of spring grant, fall retro

3rd
Disbursement


N/A
03/05/2025 Early April 04/16/2025
100% of spring grant, fall retro

N/A

N/A

1st
Disbursement

04/16/2025
100% of spring grant, fall retro

2nd
Disbursement


N/A

3rd
Disbursement


N/A
04/09/2025 Early May 05/22/2025
100% of spring grant, fall retro

N/A

N/A

1st
Disbursement

05/22/2025
100% of spring grant, fall retro

2nd
Disbursement


N/A

3rd
Disbursement


N/A

Federal Direct Loans:

The Federal Direct Loan scheduled disbursement are NOT available during the Summer term, only Fall & Spring. Students interested in a Federal Direct Loan MUST submit a Loan Request to notify our office of your intent to borrow funds.

Note, typically a student will receive ONE (1) loan disbursement each term, unless the student has remaining eligibility.

Fall 2024 (Direct Loans ONLY)

Loan Request Form DEADLINE
Disbursement Dates
September 17th, 2024 October 17th, 2024
October 14th, 2024 November 14th, 2024
November 14th, 2024 December 19th, 2024

 

Spring 2025 (Direct Loans ONLY)

Loan Request Form DEADLINE Disbursement Dates
February 20th, 2025 March 20th, 2025
March 17th, 2025 April 16th, 2025
April 22nd, 2025 May 22nd, 2025

Notes

  • *Financial Aid File Completion Date means FAFSA application must be received by COD, all required documents must be submitted to the Financial Aid office, AND file must be determined to be complete by the Financial Aid office by this date. Please note that turning in required documents does not guarantee a financial aid award or disbursement, as documents may be incomplete.

  • You will only be paid for classes you are actively attending. Remaining in all of your classes is critical to avoid repayment of funds received. If you receive payment for a class and drop, you may be required to repay a portion or the entire grant you received. Please see our drops, withdrawals and repayment of funds policy.

  • Disbursements are based on your enrollment status and units will be checked approximately 4 weeks before each disbursement date (this includes late-start classes). Disbursements will be applied towards your outstanding balance first (within the award year).

  • If you are not a California resident or are not eligible for the California College Promise Grant you will need to set up a payment plan with the Bursar’s office to avoid drop for non-payment until your Pell Grant disburses.

  • This schedule is subject to Change at any time without warning. All disbursement dates are contingent upon funding and subject to change.