<p>I’m a bit confused on how financial aid works.
So since payments are due on the 15th I just wanted to get some information.
So on my bill it says I owe $7,000 for first quarter. Now do I just pay all that? I’m supposed to be getting cal grant, ug scholarship, and the pell grant but how does that get taken into consideration for this? Do I just pay everything and the refund or what? I’m confused on how this works.</p>
<p>Just in case I didn’t make myself extremely clear what I meant was how do I get my financial aid money to pay for the first quarter.</p>
<p>Your financial aid will be dispersed a couple days before the 15th. Then all you have to pay is whatever is left over. I don’t really know the logistics of it though (ie. if the FA is automatically factored into your bill or if you have to do something.) Hopefully someone else can answer that.</p>
<p>i don’t get FA but i’m pretty sure they send you a check/direct deposit it. so going by that, mybill should show the full price, but the money gets sent to you. so if you do end up paying it now and just being reimbursed later, that should work. but i’m no expert</p>
<p>Your Financial Aid checks will be disbursed on Monday, September 12. To determine how much you will need to pay AFTER Financial Aid:</p>
<p>Go to mybills.ucdavis.edu and log in.</p>
<p>Click on “Payments”</p>
<p>Click on “Student Account Statement” under the heading, “Most Recent Billing Statement”</p>
<p>On the statement, you will see a detailed list of payments, credits, and financial aid. Also you will see the account summary that looks something like below. The New Total Balance on your statement is what you will have to come up with by September 15th. </p>
<p>Account Summary
Previous Balance: $ 0.00
Payments and Credits: $-1,000.00
Purchases and Adjustments: $ 9,000.00
Estimated Financial Aid: * $-5,000.00
Amount Deferred: $ 0.00
New Total Balance: $ 3000.00</p>
<p>The screwy part you will have to deal with for Winter and Spring quarters is that F.A. is disbursed two weeks before your Housing is due… which means you will have to come up with your Housing $ before you receive your F.A. on Jan 15 and March 15, respectively.</p>
<p>but if after financial aid, we are suppose to be getting money back for ex. i owe 8000 and i have 9000 in financial aid, do i still have to go through the “make payment” process or will the system automatically deduct for me?</p>
<p>@ mytime: I think you get the money via direct deposit or the TotalPay Card on the 19th, but yeah, aid is applied to our accounts first. I just checked MyBill and my balance dropped from $8,378.52 to $4,312.52 after financial aid was disbursed.</p>
<p>mytime09: Correct. Money always goes through student accounting first to make sure if you owe money, that you pay it. It should never come to you directly from the financial aid office.</p>
<p>NewFaust: Yes, as long as you pay out of pocket for winter and spring BEFORE the aid gets disbursed. Though I’m not sure what the point is of doing that; it still has to go through the student account (where you would owe $0.00) before getting sent to you.</p>
<p>It will happen automatically, as long as you see the financial aid went into your account (check mybill ASAP - aid went out yesterday), you should see a negative balance, which means they already owe you money. If not, start making phone calls to see what’s up.</p>