What is the Financial Aid Housing Plan?

[stephieism]

<p>I looked at the different housing plans, and saw that there was a Financial Aid Option.
However, when I added up the totals, it was the same amount as the normal plans.</p>

<p>So does financial aid housing not reduce the cost of housing?
Basically what I'm asking is, what is it and how does it work?</p>

[hyacinthia]

<p>I’m pretty sure the Financial Aid plan is just a payment schedule for students who use their financial aid disbursements in order to cover housing costs throughout the school year.</p>

<p>From the UCLA Housing Website, Contract & Payment Information:

Plan G (Financial and Quarterly) Only students who are eligible for Plan G will have this option displayed on their Housing Offer. If the student receives financial aid and plans to use the disbursement during the academic year to make housing payments, the student may be eligible for this payment option. Students who receive financial aid are required to make a $200 initial payment prior to the due date stated in the offer. There is another $200 installment due in July. The balance of the contract is deferred to the academic year and is divided into three quarterly payments due October 1, January 1, and April 1. These due dates are scheduled to coincide with the dates of the financial aid disbursements.

</p>

<p>So in my case, I’d be choosing that plan.</p>