YAFAQ (yet another financial aid question)

Colleges and Universities A-Z University of California - Berkeley
1

<p>I have the majority of the FA stuff paid out according to "Award Payment Status" on MyFinAid. However, I just activated my EFT today.</p>

<p>Do I pay the bill on CARS first and then get a refund for the paid out FA or is it a credit thing that requires no payment from me?</p>

<p>If the answer is it's a credit thing, will I get the leftovers transferred over to my account so I could use it to pay for books and stuff? If so, how long does that usually take?</p>

<p>Or is it something totally different?</p>

<p>Thanks.</p>

2

<p>Should be titled SOFAQ - same old financial aid questions</p>

<p>fin aid will be paid directly to CARS, you do nothing. </p>

<p>The leftovers (any credit balance) in your CARS account generates a refund within three days.</p>

<p>If you have EFT set up, the refund comes by EFT and the money appears in your bank account. If not, they produce a check for you to pick up.</p>