Financial Aid Disbursement

<p>This might sound like a silly question, but when do we get our financial aid money? And how do we know that we've fulfilled all of the requirements?</p>

<p>usualy the first week of sept</p>

<p>And to add on to that, how do we receive it? Do we actually receive checks, any type of payment, etc. or do they just automatically apply the funds to the tuition bill?</p>

<p>they either send you a check or direct deposit if you filled out the form on growl</p>

<p>they automatically apply the funds to ur tuition and if theres any money left they give u a check for the difffernce</p>

<p>My account just came active and it doesn’t look like anything was applied automatically…</p>

<p>Well, it’ll be applied automatically later on - as in you don’t have to do anything, just wait</p>

<p>Yeah, my aid wasn’t applied either so I hope they’re activated soon…</p>

<p>They will apply it later. Give it some time. If you do need to pay out of your pocket, just make sure you pay that portion.</p>

<p>IE: assume that tuition is $4000. they gave you $3000 in grants (and let’s assume you didn’t take any loans). So, you have to pay $1000. So, what you need to do now… is pay that $1000 to UCR. Then, they will EVENTUALLY deduct $3000 from your financial aid. Sooo… don’t worry about it. (:</p>

<p>When I took summer school they gave us the finaid info a week or two before summer school started -____-;; They also didn’t automatically deduct the grant money from summer students’ accounts. When I called in, they just told me to pay the difference, and they will handle the rest.</p>

<p>I’m sorry- I’m really confused with all of this financial aid things. Can someone explain “Currently Due” and “Outstanding Balance”? And are all the little fees that range from $0.75 to like $60.00 a quarterly fee or once a year fee?</p>

<p>Currently due = what you need to pay.
Outstanding balance = what you owe.</p>

<p>all the little fees are just gimmicks to make us pay more money </3
Most useful one is probably just membership to the gym… if you work out.
other things include funding the school radio, etc. -___-;;</p>

<p>the only one you can waive is probably only the insurance (if you currently have insurance)</p>

<p>***i didn’t read your question correctly LOl
it is charged once a quarter.</p>

<p>^ Agreed! </3 with all the stupid unnecessary fees. I was assigned to the UV Towers last quarter when I transferred and there was a gym at the UV Towers but I still had to pay the stupid membership fee. I’m glad that I won’t be paying the increased gym fees when the university expands that facility.</p>

<p>^^^^ tell me about it who in hell voted for that waste of money the rec center is empty after 6</p>

<p>LOL! I have no clue who voted yes for it, but I voted no. The fee for the rec center will be increased to $149 per quarter starting in 2014. Do not worry Jason the increased fee won’t affect you. This year’s incoming freshmen will have to suffer the increased cost when they are in their fourth year though.</p>

<p>This is really weird to me. In the “Credits” column it has a larger number, which will cover me for this quarter, but when I go to make a payment it asks me how much I want to pay. Do I just put however many “Credits” I have as the amount? This seems way weirder than it should be.</p>

<p>You don’t have to put your credits in as payment >_></p>

<p>Just leave it and you’ll be fine, since your charges are apparently covered - You’ll get the excess money later through direct deposit or a check (or it covers other charges that might pop up later on)</p>

<p>Cool beans</p>

<p>Ok, something weird is going on. With my combined aid and federal loan, I should be receiving $6,100 per quarter (according to the financial aid page). My total quarter fees are $7,699.25. Now I’m assuming this cost is the pretty close for all undergrads living on campus. But the problem is that it gave me a random 3,805.00 in credits and I have no idea where they pulled that number from lol.</p>

<p>-Update, i figured out 3805 is tuition + fees per quarter, so that portion was automatically applied. So I am guessing the rest like for housing is not automatically applied because that would be too easy. </p>

<p>So tuition is applied automatically while housing is sent as a check or direct deposit if you set that up?</p>

<p>If you’re a first year, they deduct housing money every quarter. Unless… you choose to pay for housing every month instead. You’ll probably see the housing fee later.</p>

<p>Last year, I think my total per quarter was about $5500. I had them deduct it from my financial aid every quarter though. </p>

<p>Did you opt for paying for your housing every month instead? If so, remember to keep some money in the bank to pay for it! Or… change it so that they deduct it every quarter. I mean they’re gonna take your money either way; might as well do it the simpler way.</p>