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

All financial aid funds are disbursed on scheduled dates each term. Federal grant aid (Pell Grant, Supplemental Educational Opportunity Grant) disburses twice each term with 50% of the scheduled award being disbursed on or after each scheduled date based on the student's enrollment level and program eligibility. Federal Direct Loans are also disbursed in two payments based on the approved loan period. Cal Grant funds are disbursed in a single payment each term on the second scheduled disbursement date of the semester.

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.

Disbursement Option 1: Direct Deposit

Direct DepositTo 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.