Financial Aid

FA Payment Dates

Please read the Important Payment Information page for IMPORTANT information about how financial aid is paid at NVC.

2014-2015 Financial Aid payment (refund) Dates* 

  • You must activate your MyNVC Card account and make a refund choice to receive your refund.
  • Non-Standard and Clock Hour Program refund (disbursement) dates are dependent upon program specific criteria and may not be the same as standard semester-based programs.
  • Direct Loan borrowers must check their loan disclosure letter to determine the expected date of payment.

Action Date (Table Column 1) 
Each Action date has a corresponding Refund Date. You must meet the criteria listed below by the action date to be considered for a financial aid refund.

  1. A grant or loan must be awarded on or before the action date. Check the Financial Aid by Term screen in WebAdvisor on or before the action date to determine whether you have been awarded funds.
  2. New grants that are awarded for a prior (retroactive) semester during an academic year are paid differently than current semester grants.  Check Refund Type for earliest refund date for retroactive grant payments.
  3. You will only be paid for classes that have a start date on or before the action date (see the Important Payment Information page for additional information).
  4. Direct Loan refunds may be paid differently than grant payments.  A loan disclosure letter with expected loan payment dates will be mailed to you after your loan has been awarded.

You must be in good Financial Aid Satisfactory Academic Progress standing in order to receive a financial aid refund.

Action Date         

Refund Date    

Refund Type
FALL 2014 FALL 2014

Students who drop classes before census, withdraw from all classes, or who stop attending all classes and receive all failing grades may be required to repay some or all of the funds they received for the semester.

Aug 10, 2014

 Aug 20, 2014

  • 50% Pell Grant
Aug 24, 2014

 Sep 05, 2014

  • 50% Pell Grant (unpaid new awards only)

Sep 07, 2014

 Sep 19, 2014

  • 50% Pell Grant (unpaid new awards only)
  • Direct Loan
Sep 28, 2014

 Oct 10, 2014

  • 100% Pell Grant -- All Pell awards are recalculated for the
    semester based on enrollment at census. Students who received
    a prior payment for the semester greater than their recalculated
    award will owe money back to NVC for the overpayment. 
  • Direct Loan
  • All Other Grant Awards
Nov 02, 2014

 Nov 14, 2014

  • New Grant Awards
  • Direct Loan
Nov 30, 2014

Dec 12, 2014

  • New Grant Awards
  • Direct Loan
SPRING 2015 SPRING 2015

Students who drop classes before census, withdraw from all classes, or who stop attending all classes and receive all failing grades may be required to repay some or all of the funds they received for the semester.

Jan 11, 2015

Jan 23, 2015

  • 50% Pell Grant
Jan 25, 2015

Feb 06, 2015

  • 50% Pell Grant (unpaid new awards only)
Feb 08, 2015

Feb 20, 2015

  • 50% Pell Grant (unpaid new awards only)
  • Direct Loan
Mar 01, 2015

Mar 13, 2015

  • 100% Pell Grant -- All Pell awards are recalculated for the semester based on enrollment at census. Students who received a prior payment for the semester greater than their recalculated award will owe money back to NVC for the overpayment.
  • Direct Loan
  • All Other Grant Awards
Apr 12, 2015

Apr 24, 2015

  • New Grant Awards
  • Direct Loan
  • Fall 2014 Retroactive Payments (Pell and/or Cal Grant ONLY)
May 11, 2015

May 22, 2015

  • New Grant Awards
  • Direct Loan
  • Fall 2014 Retroactive Payments (Pell and/or Cal Grant ONLY)
SUMMER 2015 SUMMER 2015

Students who drop classes before census, withdraw from all classes, or who stop attending all classes and receive all failing grades may be required to repay some or all of the funds they received for the semester.

Jun 07, 2015

Jun 17, 2015

  • Pell Grant -- 100% of Summer award. Students who drop units
    after payment may be required to repay some or all of the funds
    received.
Jun 21, 2015

Jun 29, 2015

  • New Pell Grant Awards
  • Direct Loan
  • Fall 2014 Retroactive Payments (Pell and/or Cal Grant ONLY)
  • Spring 2015 Retroactive Payments (Pell and/or Cal Grant ONLY)