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Receiving Your Financial Aid Financial aid is paid to you in two different ways: credited to your Student Account or paid to you via a check for hours you work in a Work-Study position. Disbursement Checklist Use this checklist to ensure your funds are available at the start of the term.
Important Note for Federal Pell Grant Recipients
If you enroll in less than 12 units, your Pell Grant will be adjusted as follows:
You will receive a bill for the amount of the Pell Grant reduction. If your Pell Grant is reduced, it cannot be reinstated to the previous amount. |
Most Aid is Paid to Your Student Account Accepted financial aid will be viewable on MyUCSC as "pending financial aid" credits until the term dates below. After these dates, aid will be viewable on MyUCSC as a credit on your student account and will reduce the amount you must pay. Your financial aid will pay charges on your student account such as tuition, fees, and on-campus housing. You may adjust the amount owed on your bill by subtracting your pending financial aid. Be sure you have completed first-time borrower requirements to avoid delays in receiving your loans. To anticipate whether you must make a payment or you will receive a financial aid refund, complete our 2009-2010 Budget Worksheet. Summer Session 2009 Aid Disbursement Dates
Financial Aid Refunds - Direct Deposit or Check If you expect a financial aid refund we encourage you to sign up to have your refund deposited directly to your bank account. This is the fastest way to receive your funds. If you do not choose direct deposit, the Student Business Services Office will mail your financial aid refund via paper check to your "local" address (on MyUCSC) beginning on or around first day of each quarter. Your Work-Study Pay Check If you have been awarded Work-Study and are hired in a Work-Study job, you will be paid for the hours you work once a month around the 8th of the month. Your paycheck will be mailed to you at the address you provide when you are hired or, if you prefer, deposited into your bank account.The UC Santa Cruz Career Center is a valuable resource for information about Work-Study. | ||||||||||||||||||||||||||||||||||||
