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How We Disburse Financial Aid
Financial Aid

Higher One

All LBCC financial aid is disbursed through Higher One. This company’s only business is disbursing financial aid for colleges and universities. Before your financial aid is disbursed, you’ll receive a debit card in the mail from them. To receive your financial aid you must “activate” the card.

You have two options. One is to open a no-fee “One Account” with Higher One (some exceptions may apply, see website https://www.higheroneaccount.com/studentaccount/printablefeeschedules.do for additional information). This choice allows you to have instant access to your financial aid when it arrives at Higher One through the debit card or checks. Higher One maintains an ATM machine at each campus for your use without charge. The other option is to have the money transferred by Higher One to your own bank account through an ACH. It takes a couple of days longer but it gives you the convenience of using your own bank account. Either choice must be made online when you receive the card. Details and instructions arrive with the card.

Federal Pell Grant

If you are a full time students (12 units) you’ll receive two disbursements of 50% of your full time award as shown on your award letter.

If you attend three-quarter time (9-11 units) you’ll receive a 50% disbursement and a 25% disbursement of the amount on your award letter.

If you enroll half time (6-8 units) you’ll receive one disbursement of 50% of the amount on your award letter. 

If you are enrolling less-than-half time (.5-5 units) you’ll receive one disbursement. These disbursements require special processing and are made later than others. See a Financial Aid Specialist if you need an advance for books. Not all students qualify with less than 6 units. Any portion of your award you don’t receive in fall/winter/spring will be available for summer. See our Pell Grant calculator in Tools for Students to find the amount of your award.

First disbursements to students awarded before the start of school will arrive at Higher One during the first week of classes. Disbursements for later awards are sent to Higher One weekly. Second disbursements are sent at midterm. Students awarded after midterm will receive one disbursement. See the Financial Aid Disbursement Schedule for a list of dates.

Federal Supplemental Educational Opportunity Grant (FSEOG)

FSEOG awards are disbursed in two disbursements of 50% of the amount on your award letter. Funds arrive at Higher One several weeks after the start of classes. You must be enrolled in at least 6 units.

Cal Grant

Cal Grants are disbursed in a single disbursement made several weeks after the start of classes. The amount you receive is based on your units: 6-8 units=50%, 9-11 units = 75%, 12 units = 100%.

Direct Loans

If you have been awarded a Fall/Spring loan you’ll receive one disbursement per semester of 50% of the loan. The first loan disbursements are made to Higher One several weeks after the first week of classes each semester.

If you’re receiving a Spring loan you’ll receive one disbursement at the beginning of the semester and the other at midterm.

If you’re receiving a loan for the first time at LBCC federal regulations don’t allow us to authorize the first disbursement of your loan until 30 days after the start of classes. It will arrive at Higher One about 10 business days later.

*See Programs and Using Your Student Center for more information.

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