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Summer 2008 Class Schedule

Money Matters: Disbursement of Financial Aid and Scholarship Funds

 
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  Financial Aid Eligibility Requirements Disbursement of Financial Aid and Scholarship Funds

Financial Aid Eligibility Requirements

To be considered for summer financial aid, you must:

  • Complete online Summer Counseling, accessed via AidLink. Once in AidLink, click on the summer tab and follow the directions.
  • Be a continuing, matriculated student from the spring 2008 semester or a newly matriculated student who plans to enroll at SDSU for the fall 2008 semester.
  • Be enrolled at least half time in the SDSU State Supported Summer Session to be eligible for a Federal Direct Student Loan. (For undergraduate and teaching candidates, half-time enrollment is 6 units. For classified and conditionally classified graduates, half-time enrollment is 5 units). To be considered for a Pell Grant or State University Grant, you must be enrolled in at least 1 unit.
  • Have filed a Free Application for Federal Student Aid for the 2007-08 year and the 2008-09 year and have had the application information sent to SDSU. You must also have an Award Notification from the Office of Financial Aid and Scholarships for each year. Federal regulations limit the amount of Pell Grant and Direct Loan that you may receive within a single year, which means that your summer eligibility is related to the amount of aid you receive during the preceding (or subsequent) fall and spring semesters. Your summer financial aid eligibility will be based on either your remaining eligibility for 2007-08 or will be an advance of your eligibility for 2008-09. If you choose to receive an advance of your 2008-09 Pell Grant and/or Direct Loan to help cover your summer educational costs, your fall 2008 and/or spring 2009 semester Pell Grant and/or Direct Loan eligibility must be reduced accordingly.
  • Maintain satisfactory academic progress as defined by the Office of Financial Aid and Scholarships. If you are not making satisfactory academic progress at the end of the spring 2008 semester, you are not eligible for summer financial aid.

After you have completed online Summer Counseling via AidLink, the Office of Financial Aid and Scholarships will electronically notify SDSU’s Office of the Registrar and University Cashiers Office that you are eligible for a summer registration fee deferment.

Beginning in late May, and after you have enrolled in summer session, the Office of Financial Aid and Scholarships will review your eligibility and notify you of your summer session financial aid eligibility.

If you use the financial aid fee deferment and do not receive summer financial aid for any reason, YOU must pay your summer registration fees using your own funds.


Disbursement of Financial Aid and Scholarship Funds

All financial aid and scholarship payments are processed and disbursed by:

University Disbursements Office
Student Services West, Room 2536
(619) 594-6422
disb@mail.sdsu.edu
www.sdsu.edu/sfs

Disbursements Options:

Direct Deposit: Sign up for Direct Deposit and receive priority when disbursements are made. Disbursement for the summer session typically begins in July and continues throughout the summer as new awards are processed or changes to awards occur.

  • Choosing Direct Deposit means that your financial aid or scholarship refund (the amount after institutional charges are deducted) may be deposited directly into your personal checking or savings account at your bank.
  • Sign up on line at the Student Financial Services Web Site.

Mail: if you do not sign up for Direct Deposit, any funds not used to pay university charges will be mailed to you in the form of a check beginning in July or as your financial aid funds become available. Checks are mailed to the address on file with the Office of the Registrar as indicated in your WebPortal account.

Disbursement Notification: The University Disbursements Office will send you an e-mail notice when we:

  • release your funds to pay university charges of registration fees (and housing)
  • directly deposit funds to your bank account (the quickest way to get your funds)
  • mail a check (if you are not signed up for Direct Deposit)

University Charges: San Diego State University policy is to apply financial aid and/or scholarship funds directly to charges for the semester's registration fees, residence hall charges, and other institutional expenses (including financial aid overpayments) before releasing funds to you.

Student Account Services Online: For online payment, billing and account services, log on to Student Account Services on the Student Financial Services Web site. View your "transaction history" to see how your funds were disbursed and applied toward your university charges.

Before funds can be disbursed, you must be enrolled at least half time and you must resolve any financial aid and cashier's holds affecting your aid. For some types of aid, you may need to complete additional information before disbursement of funds.

 

 

Information on this Web site is subject to change without notice. Every effort is made to ensure that information is current and accurate.