Where we foster excellence in education that challenges students of every background to develop their intellect, character, and abilities; to assist students in achieving their educational and career goals; and to be responsive to the greater community.
Determining Your Payment Date:
Financial aid is paid to your IVC student account according to the current year's
payment schedule. Pell Grant funds are paid in three payments. Cal Grants, SEOG, and
Student Success Completion Grant are paid in a single payment.
To see the 2024-25 Payment Schedule click here. The "Payment Date" is the date funds will be available on at BankMobile. This is approximately one week after funds appear on your account in WebSTAR.
Determining Your Payment Amount
Your payment amounts for all programs are based on enrolled units, most financial
aid programs will only count required coursework for financial aid purposes. The table
below provides the enrollment categories based on enrolled units. Please note that
Pell Grant will now be based on a new category called Enrollment Intensity.
| Enrolled Units | Enrollment Status (Cal Grants, SSCG, SEOG, FWS) | Enrollment Intensity (Pell Grant) |
| 12 (or more) | Full-Time 100% | 100% |
| 11 | Three-Quarter Time 75% |
92% |
| 10 | 83% | |
| 9 | 75% | |
| 8 | Half-Time 50% |
67% |
| 7 | 58% | |
| 6 | 50% | |
| 5 | Less-than Half-Time 0% |
42% |
| 4 | 33% | |
| 3 | 25% | |
| 2 | 17% | |
| 1 | 8% |
Financial aid payments will be based on the number of units you are enrolled in as of a set date each semester, known as the "freeze date". On this date we will record the units enrolled which will determine your eligibility for financial aid awards for the semester (remember that only required coursework will be counted for most aid programs and courses are counted when you begin attending them). Please click here for more information regarding the Freeze date
Enrollment for financial aid can be adjusted due to Satisfactory Academic Progress standards. For example, you may be limited to specific courses as part of the condition of your appeal. Remedial and repeat course limitations may also reduce your enrollment for financial aid purposes. Please click here for more information
Pell Grant: This grant is paid in three payments throughout the Fall and Spring semesters. Students enrolled in Winter session will receive the first Spring payment during Winter session calculated as 25% of the total amount for Winter enrollment. Two payments are made for the Summer session for eligible students.
The table below provides sample payment amounts for a student that is eligible for the maximum Pell Grant and enrolled in 12 units. Check your student account in WebSTAR to determine your actual payment amounts
One Semester Pell Grant Payments – Example for Maximum Pell Grant eligibility Only
| Unita of Required Coursework | First Payment 25% |
Second Payment 25% |
Third Payment 50% |
Semester Total |
| 12 Units | $625 | $925 | $1848 | $3698 |
One Semester SEOG Payments – Example Only
| Enrollment Status | Payment |
| Full-time (12 or more units) | $200 |
| ¾-time (9 to 11.5 units) | $150 |
| ½-time (6 to 8.5 units) | $100 |
CAL GRANT: You must be enrolled at least half-time (6 or more units) to be eligible for Cal Grant funds. The amount will be prorated for less than full-time status and paid in one payment each semester.
The table below provides sample payment amounts for a student that is eligible for
Cal Grant B.
One Semester Cal Grant B Payments – Example Only
| Enrollment Status | Payment |
| Full-time (12 or more units) | $824 |
| ¾-time (9 to 11.5 units) | $618 |
| ½-time (6 to 8.5 units) | $412 |
Student Success Completion Grant: You must be enrolled full-time and eligible for a full-time Cal Grant to qualify. Enrollment status is determined on the date SSCG is authorized to your account. The SSCG payment is up to $1298 for 12 to 14.5 units per semester and up to $4000 for 15 or more units per semester.
Work-Study: Work-Study is paid monthly based on the hours worked the previous month and verified by your supervisor. See the Work-Study webpage for more information.
Financial Aid Refunds: At the time grant funds are posted to your account, any fees owed will be deducted and the remaining amount is considered a financial aid refund. To determine the amount see the Account Summary by Term section in WEBSTAR. Refunds will be disbursed through BankMobile Disbursements, a technology solution, powered by BMTX, Inc. If you have been awarded, you may use the following link to select your refund preference: https://bankmobiledisbursements.com/refundchoices/
Please note that selecting a refund preference does not guarantee eligibility for a refund.
For information on how to manage your financial aid funds wisely visit http://www.cashcourse.org