Method of Disbursements:
Disbursement dates and deadlines are mandated by Federal, State, District and/or Institutional regulations and policies. Disbursement dates and amounts displayed in the Student Information System (SIS) are estimates until actual disbursements are processed.
Students who are new to the LACCD will receive information by mail and email from BankMobile Disbursements regarding the process to select their refund preference. For more information about BankMobile Disbursements, visit this link: https://bankmobiledisbursements.com/refundschoices/.
AB540 students who currently have an open bank account or are eligible to open an account receive their funds electronically via their selected refund preference with BankMobile Disbursements. All others will receive their refunds by paper check.
It is critical that students update their address on file with the Admissions & Records Office to ensure receipt of their Refund Selection Kit. If you have not received your Refund Selection Kit, contact the Fiscal Office.
Grants and loan are disbursed through BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Federal Work-Study payroll checks are sent by mail to the address on file in the Admissions & Records Office, or are transferred electronically to the student’s bank account, or on rare occasions sent to the College Business Office. It is your responsibility to report address and phone number changes to the Admissions and Financial Aid & Scholarship Offices.
“To view our third-party servicer contract for refund management, click here.”