Receiving Your Funds

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› When funds are available to you and how you know.
Postponed payments are deducted first. Find out if you qualify.
› You must sign up for direct deposit.

Disbursement – Receiving Your Funds

Disbursement is the process by which awarded aid funds are released to pay university charges or deposited to your designated bank account.

Student Account Services manages the disbursement of all financial aid and scholarship funds.

Direct Deposit – How You Receive Funds

Direct deposit (eRefund) is the only way to receive financial aid and scholarship funds that are available to you after your awarded funds have paid university charges of basic tuition and fees, out-of-state tuition and on-campus housing.

Sign up online through Student Account Services.

How You Will Know When Funds are Available to You

Student Account Services will send you an e-mail when they—

  • release funds to pay university charges, or
  • directly deposit funds to your designated bank account.

Logon to your Student Account (this is different from AidLink) routinely to view—

  • how and when funds were applied toward university charges,
  • financial aid and scholarships disbursed to you (indicated as a Refund for funds deposited to your designated bank account), and
  • all university charges and payments to your account

When Funds are Available to You

Student Account Services begins releasing funds to pay university charges and by direct deposit beginning the Thursday before classes start each semester, if you meet all of the conditions to receive funds.

Disbursement continues as you enroll in enough units to receive the award. Award amounts may be reduced or canceled if you are not enrolled full time.

Be aware of additional costs you must pay if your university costs increase because of out-of-state tuition, class fees, or special program costs that are added after all aid is disbursed.

Conditions you must meet to receive funds

  • Enrollment – are you enrolled in enough units to be eligible for the funds? You must be enrolled at least half time to receive at least some amount (refer to Enrollment Affects Aid).
  • Awarded – have you provided all of the documentation requested and do you have an Award on AidLink?
  • Holds – did you clear all financial aid holds? Check your AidLink messages.
  • Loan activation – did you activate (request) your loan on AidLink? Did you sign the electronic master promissory note with the U. S. Department of Education? Did your parent request and receive credit approval for a Parent PLUS Loan? Check AidLink loan details.
  • Direct Deposit – did you sign up online to have your funds deposited to your designated bank account? Check your Student Account.
  • University charges – will there be any funds for you after your university charges of basic tuition and fees, out-of-state tuition, and on-campus housing are paid?

Parent PLUS Loan borrowers

If you have met all of the conditions to receive funds and the parent borrower received approval for the loan and signed an electronic master promissory note, Student Account Services will begin releasing funds the first week of class.

Parent PLUS Loans are mailed to the parent borrower after all university charges have been paid for the semester. The parent borrower has the option to authorize excess loan funds be deposited directly to the student's designated bank account.

Study Abroad participants

Student Account Services will deposit funds to your designated bank account once they receive confirmation from your host campus that you have arrived at the campus and started attending classes.

CSU Visitor Program participants

Paying Basic Tuition and Fees

You must pay your basic tuition and fees before you can register unless you are eligible to postpone (delay) paying until disbursement.

"Postponing Payments" - watch this short video.

Find out if you qualify. Logon to AidLink.

Student Account Services will mail a check to the program coordinator at the CSU campus you are attending.

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Postpone Tuition and Fee Payment

You must pay each semester’s basic tuition and fees before registering for your classes, unless you qualify to postpone (delay) the payment until your financial aid is available. If you are not a California resident, out-of-state tuition is an additional cost and is due at the beginning of the semester.

How to qualify for a Financial Aid Tuition and Fee Payment Postponement

  • Logon to AidLink and review the "Tuition and Fee Payment" section.
  • Your financial aid, including activated and approved loans, must be enough to pay full time basic tuition and fees (plus out-of-state tuition for 12 units if you are not a California resident).
  • The Parent PLUS Loan must be activated and credit approved before the parent loan amount can be considered in determining postponement eligibility for basic tuition and fees and/or out-of-state tuition.

How to use a Tuition and Fee Payment Postponement

Out-of-State Students

You are eligible to postpone paying only if your grant, activated student loan, and credit approved Parent PLUS Loan total enough to pay tuition and fees.

  • It’s automatic if you qualify. No forms are required. Logon to AidLink to find out.
  • You will be able to register online at the SDSU WebPortal for classes on the date indicated. After you logon, select My Registration.
  • If your aid is not available for any reason, or will not pay the entire amount of basic tuition fees or out-of-state tuition, you must pay those costs using your own funds. Student Account Services will send an electronic billing statement after the deadline for adding and dropping classes.

Watch "Postponing Payments" for a short video guide.

Payment options if you do not qualify to postpone paying

There are different payment options including an installment plan. Refer to the "Money Matters" section of your Class Schedule or the Student Account Services Web site.

Installment Plans
  • The basic tuition and fee installment plan allows you to pay in 3 installments, beginning with an initial payment of $800 plus a $60 service charge.
  • If you are required to pay out-of-state tuition, there is an additional installment plan for those charges.
  • Additional information and sign up instructions are in the "Online Services" section of the Student Account Services Web site.

Postpone University Housing Payment

The university will use your financial aid funds to help pay housing fees that remain after the initial payment you submitted with your housing license agreement. If your aid disbursement is not enough to cover the total costs for the semester, you will be responsible for making the remaining payments when they are due.

  • You must use your own funds to pay the $375 initial payment required by the Office of Housing Administration.
  • Subsequent housing and meal costs will be deducted from your financial aid disbursement at the beginning of the semester.
  • If the amount of financial aid you receive is not sufficient to pay all costs, you will receive an electronic billing statement from Student Account Services.
  • If financial aid becomes available, it will be applied to any bills from the current semester.

New undergraduate students from low income families

We will notify you by e-mail and AidLink messages if you are eligible to postpone all or a portion of your initial housing payment. This initial payment is due when you submit your housing license agreement.

Watch "Postponing Payments" for a short video guide.

Tracking university housing costs

It is your responsibility to keep track of the amount of financial aid disbursed and applied toward your university housing costs and to pay remaining costs when due.

Each electronic billing statement will have a summary of the housing payments due during the semester.

Logon to Student Account Services and check your billing statements and your transaction history of charges and payments, including payments made using your financial aid.

Be Prepared – You May Need Money Before Disbursement

Bring enough money with you to pay your expenses until financial aid funds are released. Be aware of your direct university costs for tuition, fees, and campus housing. Be sure that your financial aid, which includes student and parent loans you have activated, is enough to pay those direct costs.

Bring money for expenses that could include --

  • Meals – if you are living on campus, know when your meal plan begins.
  • Books – allow from $500 to $800 for books and supplies. Financial aid funds cannot be transferred to the bookstore.
  • Tuition and fees - have you activated enough student and parent loan to help pay these costs?
  • Personal – cost for items such as transportation and entertainment will depend on you.

 

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