<p>Sorry for this newb question. So on quick statement minimum amount due is 0. But under it, states Account Balance ###. Is that the amount i’m getting back?</p>
<p>no, account balance is the current amount posted to your account that is unpaid. It can be items that posted after your current ebill was prepared, so that you aren’t expected to pay it until next month’s bill. It can be items that are obligations but not payable now - most notable is the remaining 4/5 of tuition if someone picked the payment plan by putting down only 20% of tuition for this month. </p>
<p>That gives you an idea of what you will be asked to pay in following months, but is more a technical point of accounting. All amounts that are posted to your bill are part of the account balance until paid. They post the semester tuition at the start, so it is part of account balance. They post charges like gym fees (RSF) when you make them, then they are part of account balance. Some things are NOT posted to your bill yet. Room and board are posted 1/10th of the contract each month for ten months (two semesters), thus only 1/10th of the housing cost will be in the account balance at any time (unless you are past due). The Spring semester is not posted until the start of that semester, not now, so it will not be in account balance until January. Once something is paid, it drops off account balance.</p>
<p>Still no disbursement yet… :(</p>
<p>No disbursement. Will the FAO let me slide (the penalty for paying up late) if my high school still hasn’t sent in my graduation certificate or whatever?</p>
<p>I was told my disbursement would happen at or around the 18th. So you guys might get yours the same time as mine.</p>
<p>Went to financial aid today. They told me the same thing – first disbursements are going to happen on the 18th.</p>
<p>I’m just going to pay with my credit card right now. I am terrified I will lose my classes.</p>
<p>Will we really lose classes if we don’t pay up today? </p>
<p>Can’t we pay like… by Sept 15th for a penalty of $ XX?</p>
<p>You don’t lose your classes and there isn’t a penalty until sometime in September. At leas that’s what I’ve been told by the Financial Aid people.</p>
<p>I filled out all my necessary loan documents a while ago yet still have had no update on my Quick Statement for Bear Facts. It still shows the same amount of money as before. </p>
<p>Getting worried. Guess I’ll call the FAO tomorrow…</p>
<p>^^ Did you sign your master promissory note?</p>
<p>If you can help us out. My S accepted the loans. What next? He didn’t receive any email. Nothing about signing any documents. So what’s happening after accepting subsidized loan and some of non- subsidized? What would be the next step? Thank you.</p>
<p>Okay. Go here… <a href=“Federal Student Aid”>Federal Student Aid; and have your son sign in. He will need his PIN that he used to submit his FAFSA. On this site, it will have a link on the left to sign master promissory notes. He will need to sign one for whichever loans he accepted (both subsidized and unsubsidized loans). I would also have him complete the loan entrance counseling found on this site. I’m not sure if he needs this but I would rather be safe than sorry. I think once he signs his master promissory note, Berkeley is notified and the loans will fund. It does not take long for this to happen. This is also the same place you would go if you have Parent Plus loans. You would just sign in as yourself with your own MPN. You would complete the application and then sign the MPN. I hope this helps.</p>
<p>Momfirst3. Thanks a lot.</p>
<p>You’re welcome. Let me know if you need anything else. :-)</p>
<p>Momfirst3. I am sure I’ll have many more questions. So thank you for your kindness.</p>
<p>I totally understand. My son at Berkeley is my youngest child. I’ve had three go to college (one graduate) and it took me quite a while to get the hang of things. Not to mention, each school handled financial aid a little differently. I remember how confused I was. Hang in there. It gets better!</p>
<p>So apparently my Cal Grant has finally paid out. When I checked my quick statement on Bear Facts, the balance had changed. But not in the way I thought it would. The previous amount that was due was about 4K. But now, after I got confirmation that my Cal Grant was disbursed, the minimum amount that’s due now is about 6K. What gives? With my Cal Grant plus the loan I took out, the minimum balance should’ve been zero.</p>
<p>@momfirst3</p>
<p>Signed the MPN for the loans (even got our disclosure statements and confirmation that MPN was received) and went through the Credit Check/MPN for the Parent PLUS loan but still no change.</p>
<p>^^ How long ago did you do that? If you go back onto the website where you did the Parent Plus loan stuff there will be a link on the left that says “plus correspondence.” There should be some type of acceptance letter there. We got the PLUS loan for my son. I have to say it did take quite a while before I received the funding schedule from Direct Loan. I just got it yesterday. If you did all of that, you’ve done everything you are supposed to do. It’s up to Berkeley now. I’m sure they have received notification of your completion of the application, credit approval and signature of MPN. They just need to process things on their end.</p>
<p>ComradePalmer - That’s a little odd. Did your loans fund too? If they did and the Cal Grant funded as well, I would call student accounts to find out why they are showing an amount due. You need to go straight to the source to get this straightened out. That’s something I learned with my oldest son, bug the college as much as you need to to get your answers. Don’t stop until you do. Be persistent but nice. You’ll get the information you need but you need to be proactive and get it!</p>