Financial Aid Services at College of San Mateo - Disbursement Options
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Financial Aid Services
Disbursement Options

Disbursement CardBeginning Fall 2015, the Financial Aid Offices at College of San Mateo, Cañada College, and Skyline College will provide students with a new and improved financial aid disbursement service through Money Network®!

Students can choose Direct Deposit to their existing bank account or the SMCCCD Disbursement Prepaid Card.

Financial Aid Disbursement Process:

All financial aid funds are disbursed on scheduled dates each term. As long as you are enrolled in an eligible program and your file is complete, you will receive two disbursements of Federal Grant aid each semester, based on your enrollment level and classes actively in session.  If you are enrolled in a class that is due to start on a future date, it will be paid when your attendance begins. Federal grant aid (includes Pell Grant and Supplemental Educational Opportunity Grant). Federal Direct Loans are also disbursed in two payments based on the approved loan period. Cal Grant and Full-Time Incentive Grant funds will be disbursed at the beginning of the semester.

All disbursed financial aid (grants, federal student loans, and scholarships) will be first applied towards current institutional fees you may owe Cañada College, College of San Mateo or Skyline College such as enrollment fees, health fees and nonresident tuition. For the majority of students, your financial aid award is generally more than the amount owed, and you will be paid the remaining balance, commonly referred to as a financial aid refund.


Deduction of Fees:
Financial Aid (grants, federal student loans, and scholarships) will be first be used to reduce current institutional debt you owe to 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.

Enrollment Process:
During the enrollment process, students will be provided with two options to choose their preferred method for receiving their financial aid or scholarship funds from their college; either direct deposit (also called ACH) to their existing checking or savings account or having their funds loaded onto the SMCCCD Disbursement Prepaid Card.

Enrollment Process


How to Enroll for SMCCCD Direct Deposit (ACH Transfer):
  1. Go to enroll.moneynetworkedu.com and click “Enroll Now”
  2. Provide you bank or financial institution account information
    • Full Name on account
    • Bank/Institution Name
    • 9-Digit Routing Number
    • Account Number
    • Account Type
  3. Select your disbursement method and agree to terms & conditions Select
  4. Confirm you ACH Information and submit
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.

How to Enroll for SMCCCD Disbursement Prepaid Card:
  1. Go to enroll.moneynetworkedu.com and click “Enroll Now”
  2. Enter your College of San Mateo Student ID, date of birth, and your school email address (@my.smccd.edu)
  3. Select your disbursement method and agree to terms & conditions.
SMCCCD Disbursement Prepaid Card Benefits:
  • It’s not a credit card, so you can only spend what’s available on the card.
  • Delivers fast and secure access to your financial aid or scholarship funds. 
  • You don’t have to worry about losing a check.
  • Access account information anytime and anywhere using the Money Network® Mobile App
    (available for download at the App Store & Google Play)
  • Withdraw money at no charge when using Allpoint® Network ATMs, America’s largest network of
    surcharge-free ATMs. Sign up to use the Money Network® Mobile App!
  • No overdraft, minimum, or monthly fees.
  • As an added service, San Mateo Credit Union will also provide free ATM access for card holders.
To learn more about the SMCCCD Disbursement Prepaid Card features & benefits, please visit mycampusfunds.com.

Paper Checks

If you do not choose one of the two funding options, your funds will be sent to you by paper check.
Paper checks may take up to an additional 7 to 10 days after your financial aid funds are disbursed.

Paper checks are not only the slowest method for you to receive your
funds but also the least secure due to the risk of loss, theft and fraud.
Sign up to receive your funds electronically.

All checks are mailed to the student and will be sent to your address in WebSMART. Please know that if you have more than one address type, 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.

Students with questions or needing assistance should contact the CSM Financial Aid Office.