Financial Aid eDisbursement
Financial Aid (grants, federal student loans, and scholarships) will be first be used to reduce current institutional debt you owe, College of San Mateo, Cañada College or Skyline College such as enrollment fees, health fees and nonresident tuition. If your financial aid is more than the amount owed, you will be paid the remaining balance.
Important Update: Effective August 1, 2013
The Financial Aid Office will no longer use Sallie Mae to process financial aid and scholarship disbursements.
For Sallie Mae Debit Card Holders: You may continue to use your card until the balance is depleted. However, any future financial aid or scholarship disbursement on or after August 1, 2013 will not be loaded on your card. The following information will assist you in managing your remaining funds on your Debit Card,
- Click here to view and manage your debit card balance
- Go to www.allpointnetwork.com to find the surcharge-free ATM closest to you
- Sallie Mae Payment Advisor Center at 1-800-239-4211
For Direct Deposit with Sallie Mae: If you signed-up for Direct Deposit with Sallie Mae Business Solutions, any future financial aid or scholarship disbursements on or after August 1, 2013 will not be directly deposited. You must reestablish your Direct Deposit through WebSMART (see instructions below)
Disbursement Option 1: Direct Deposit
To receive your financial aid refund, students are advised to sign up for direct deposit through WebSMART so your refund will automatically be deposited into your bank account. We encourage students to sign up for direct deposit which is the fastest and safest way to receive funds.
- Fastest method of payment, funds will automatically be deposited into your bank account
- Log into WebSMART
- Click the "Financial Aid" Tab
- Click the "Account Information for Direct Deposit" link
- Enter your account information as instructed
It may take up to a week to validate your direct deposit account number. While this process is pending, if you have a financial aid refund, it will be mailed to you in a paper check.
To assist students, several local banks and credit unions that have expressed an interest in working with our students regardless of their citizenship status have contact information available at the Financial Aid Office and some have scheduled hours where they will have representatives on campus.
Printable Direct Deposit Instructions
IMPORTANT: If you close your bank account after signing up for direct deposit, you must log in to WebSMART and provide updated information.
Disbursement Option 2: Paper Check
If you do not sign up for direct deposit, you will receive paper checks in the mail. Paper checks may take up to an additional 7 to 10 days after your financial aid payment has been disbursed. All checks are mailed to the student and will be sent to your address in WebSMART. If you have more than one address type in WebSMART, please know the Mailing Address has priority and will be used instead of the Legal Address. It is your responsibility to ensure your address information is correct at all times. Please cash your check immediately. Should you lose your check, please contact the Financial Aid Office immediately.