I have accepted my financial aid, but on my MyCULB, it still shows I have a charge for my classes. How do I get my financial aid to pay for my classes? When do I get my disbursement? Are you also looking for these questions answer? So, in this article, we will explain the financial aid disbursement process and timeline at CSULB.
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CSULB Pending Financial Aid
The first thing that we need to understand is pending financial aid. What is pending financial aid? It is the amount of financial aid expects to release to your student account. Once you register for classes, your tuition and fee charges for the semester will be added to your student account.
A payment deadline will show on your Mycsulb student center. However, if you have been offered financial aid, accepting it will ensure your classes remain protected without paying out of pocket. If you’re pending, financial aid is greater than your tuition and fee charges.
You do not need to make any payment towards your tuition and fees prior to your aid being released. However, if it’s less than what your charges are, you must pay the difference out of pocket by the fee payment deadline or as soon as possible if it’s past due.
When does disbursement take place? For most students, disbursement occurs ten days prior to the first day of classes each semester. For example, if the semester starts on August 24, the disbursement date is August 14.
After that, disbursement occurs on a daily basis. This date is when financial aid releases aid to student financial services. Now, when it disperses directly to you, please check the Csulb website or contact the Csulb helpdesk center for more information on other disbursement schedules which may be applicable to you.
For example, if you’re receiving csulb scholarships paid on a monthly basis, have external scholarships, private student loans, or are enrolled in an accelerated program.
Financial Aid for CSULB Charges
Once disbursement has happened, financial aid pays for your csulb charges. When financial aid is released to student financial services, the awards are first applied towards all charges for the semester, and what is left over is then released to you. Charges include tuition and fees and on-campus housing if you’re living on campus.
CSULB Financial Aid Refund
You can get your refund by signing up for the direct deposit on MyCSULB and clicking on e-refund signup. You can visit the student financial services webpage to review the mycsulb how-to guides for step-by-step instructions on how to complete various processes online, including setting up direct deposit.
This method allows you to receive funds within three business days. From the day funds are released to student financial services, for example, August 14 means that you could potentially get a refund on August 17. Failing to sign up will delay your refund until the semester begins as a check is printed and mailed to your preferred address on file.