Award Disbursement Information
All Pell Grant and Cal Grant awards are based on full-time enrollment, unless otherwise indicated. Adjustments will be made during the semester based on your actual enrollment in *active classes* at the time of disbursement. Late start class such as: 2nd-4-week, 1st/2nd/3rd-6-week, 1st/2nd-8-week, 2nd-8-week, will not be considered for payment until class begins - NOTIFY US WHEN CLASS BEGINS. In addition, variable-unit classes will be assessed at the minimum unit until actual completion of additional units for additional eligibility. Awards such as FSEOG, FWS, Cal Grant, and Stafford loans require 1/2-time (6 units) enrollment or more at all time. All awards will be canceled once you drop below 1/2-time (6 units).
Your award letter may indicate your TOTAL Fall 2009 AND Spring 2010 award OR one semester (Fall or Spring) only. However, the award will be divided into TWO PAYMENTS* PER SEMESTER as follows: FIRST PAYMENT (Semester)-consists of 1/2 of the total semester award. You MUST BE ENROLLED AND MAINTAIN at least 6 units (active classes; no late start classes will be considered) at the time of disbursement to receive payment and stay continuously enrolled in 6 units.
SECOND PAYMENT (Semester)-consists of 1/2 of total semester award. You must be enrolled in at least 12 units at the time of disbursement to receive payment. Enrollment, between 9-11.5 units, may be eligible for a prorated amount. Enrollment, between 0-8.5 units, is not eligible for the 2nd disbursement for the semester.
ENCLOSED with this letter is the schedule of the remaining Financial Aid Paydays.
*FIRST DISBURSEMENT(S) of awards processed after a scheduled Financial Aid Payday will be added to the next available payment date.
You MAY NOT ACCEPT this award if you are receiving financial aid from another school during the same school year/enrollment period. You MUST DECLINE THIS OFFER AND REPORT this information immediately to the Financial Aid Office. Failure to do so will result in immediate repayment of any funds received.
RECEIPT of your initial payment is considered an acceptance of the terms and conditions of this award offer. Students with remaining need not met by this offer may request student loan information at the Financial Aid Office. Be sure to update your mailing address with the Admissions Office to insure accurate mail delivery of your financial aid payment(s). Check(s) returned as undeliverable will be available at the Business Services Office and will be canceled if not picked up within two (2) weeks. FEDERAL REGULATION 690.78 AUTHORIZES the school to pay students by check or by credit to their accounts for any unpaid charges of tuition and fees.
If you have questions regarding this process please bring this letter with you to the Financial Aid Office. Our office hours are Monday-Thursday, 8:00 a.m. - 7:00 p.m. and Friday, 8:00 a.m. - 4:30 p.m.
Sincerely,
Financial Aid Staff
For additional information about the Agreement of Understanding, Payday Schedules, and the Recalculation Dates, click in their corresponding links.