<p>I was wondering how exactly this process works. I have yet to pay or accept my financial aid. </p>
<p>I will most likely accept my financial aid this weekend, and I was wondering will the money go straight to UCI or will it go to me? I was reading up on the Direct Deposit option, so does that mean when I accept my aid it will automatically get deposited into my bank account?</p>
<p>Also, when I actually go to pay the fees on my ZOTaccount, I see that there are two options: Print Payment Stub, or e-Payment. Can someone explain the processes of both, please.</p>
<p>Financial Aid goes towards tuition/UCI fees first, and any leftover goes to you. If you do the Direct Deposit option, the leftover will get deposited into a bank account as opposed to a check. I’m pretty sure it’s like this for all aid, and should say so in its description.</p>
<p>Accept the aid sooner rather than later, it’ll take a few days (it took mine like 3ish) to get confirmed & deposited into your zotaccount. You also have to do the master promissory note thing… which might explain aid a little more if you haven’t done it already. it’s quiz that takes some time. it’s a little bothersome.</p>
<p>I don’t know what happens if you were to pay your fees before financial aid comes though. I’d think if they realized you already paid fees then it’d go to your bank account… but idk.</p>
<p>Print Payment Stub = print the stub, write down how much you want to pay, and then mail them a check.
E-payment i assume is done by electronic banking. someone else will have to give you more details</p>
<p>Hm, okay so when I accept my Financial Aid it will automatically pay off the first quarters tuition, right?</p>
<p>And then the rest of the money will be put on hold, until I choose whether I want it electronically sent to my bank or in a check form, correct?</p>
<p>If you have enough financial aid for full tuition for the year then yes it’ll pay it all. (Aid gets split into 3 quarters). Unless you’re just asking if once you accept it’ll go towards tuition, but as junshik said, the answers still yes.</p>
<p>& I’m not sure if the money will necessarily be put on hold - paper check isn’t automatically pre-chosen right?</p>
<p>Well that response kinda confuses me again, if the aid will be split up into 3 quarters, does that mean it will auto pay all 3 quarters? Meaning that if let’s say I got $12k in financial aid, and the tuition is $11927, will it automatically just pay off the 3 quarters and give me the remaining $73 back?</p>
<p>OR</p>
<p>Will it only pay the first quarter automatically and then deposit the rest around $8-9k into my bank account or mail a check (depending on what method I choose)?</p>
<p>It only pays the first quarter… it pays off the first quarter and whatever is left is either deposited into your bank account or a check is mailed to you. It’s completely up to you, you have to tell them how you want to receive your money on your ZOT Account. You get your money on the first day of school.</p>
<p>^ moey is correct imo, it should be divided by quarters. So you should expect your tuition (registration fees) to be covered, and not much left over.</p>
<p>So I accepted my financial aid today, and the first quarter was paid off fully, and I had some money left over. I opted for the DEFT (electronic disbursement to your bank), and the money should be deposited in 5 days.</p>
<p>And it seems moey is right, because I only got the amount of money I would have left after all 3 quarters had been paid off. Meaning that UCI takes the money and splits it into the quarters, and the rest is given to you.</p>
<p>This money is going to be used on books though, thankfully I don’t need to pay too much for my books.</p>
<p>Hey, how did you find out that they would deposit your money in 5 days? I thought they deposited the money on September 20th. How did you pay for housing?</p>
<p>Ummm, really!? That is concerning… I’ll have to see what happens, it may be because they’re busy at the moment, but this sort of thing seems like it would be automatic, and would be taken care of by a computer.</p>