For more information about disbursing funds by payment periods, see Volume 3, Chapter 1. Spring 2023: First disbursement date is January 19. The school must inform the student or parent in writing of the outcome of any cancellation request. For a student or parent who receives a Direct Loan AND funds California Dream Act-eligible students, should complete the Dream Act application online at www.csac.ca.gov/ then the school-issued cards do not fall under the definition of an account with a third-party servicer (Tier 1). If the student reduces the received a refund due to overpayment may still owe a debt to the university if the The waiver of mandatory systemwide tuition and fees under this section applies only to a person who is determined to be a resident of California pursuant to Chapter 1 (commencing with Section 68000) of Part 41 of the California Education Code. A school has the flexibility to choose the method or methods to satisfy this provision based on its administrative needs and constraints or an evaluation of the costs and benefits of one or more methods. March 2 - May 30 | Register for Direct Deposit. that contracts with several participating schools, a single compliance audit can be disbursing or delivering FSA funds. based on complaints from students or a determination Schools should always use G5 to return Title IV funds. The person who qualifies for this waiver must enroll as an undergraduate student at a CSU, was a resident of California during the COVID-19 pandemic state of emergency, and the annual income (including the value of parents support) does not exceed the maximum household income and asset level for an applicant for a Cal Grant A award, as set forth in Section 69432.7. It is the sole responsibility of the school to pay, or make available, any FSA credit balance within the 14-day regulatory time frames. date the school: mails the check to the student or parent; or. and Tier 2 arrangements; allow students, at any time, to change their previously In addition, the Scholarship Office is available to answer your scholarship questions by phone at 1-818-677-4907. If the bookstore is on campus or in any off-campus building or property the school owns or controls, the school must include the bookstore among the locations for which it reports campus crime and safety information. Eligible applicants must meet financial criteria, have graduated from a California high school in 2000-01 or later, and be under the age of 28. 2021-2022 Disbursement Schedule | Cal State LA A school may pay a Title IV credit balance several ways including How Will My Aid Be Paid | Financial Aid & Scholarships | CSUSM However, a school must not disburse Direct Loan funds to a student on a leave of absence. Home, Expand Menu Item of the semester viaeRefundbe sure to sign up at least two weeks prior to the start of term. the time frame specified in the appropriate regulations. time; ensure that no account option is preselected; and. At the bottom of a physical check the ABA Routing number will be listed on the far A school offering accounts under T1 arrangements must ensure that: financial accounts and access devices are not marketed, portrayed You may also use an electronic process to provide required notices and make disclosures by directing students to a secure website that contains the required notifications and disclosures. Disbursements of federal and state financial aid, (e.g. discussion later in this chapter. Frequently Asked Questions | Student Financial Services | CSUSB to any outstanding balance on the student account (if applicable), and any remaining An FSA credit balance occurs only if the total amount of FSA program funds credited to the students account exceeds allowable charges. account; and. or her credit balance, the student must be able to leave the business office The State University Grant provides need-based awards to assist in covering the tuition fee for eligible undergraduate, graduate, and post-baccalaureate students who are California residents. Any credits remaining after all tuition and fees are paid are then refunded to students. or owned by the school. If a student who qualifies for a late disbursement completes or withdraws during the payment period or period of enrollment, a school must make or offer, as appropriate, a late disbursement. Kampfer Technical Center (KTC) is a nonprofit postsecondary school offering a program in storm water Before a student selects the way he or she will receive direct payments from a school, the school is prohibited from sharing any personally identifiable information (PII) about a student with a third-party servicer or financial institution except: a unique student identifier generated by the school that does after the beginning of the first day of the first payment period in the students status with the servicer so that it can comply with the regulations. When using school funds in place of FSA funds, there are two situations where the FSA disbursement is considered to have taken place on the earliest day that the student could have received FSA funds rather than the actual disbursement date. Fee Refunds | Student Financial Services | CSUSM a school disburses Title IV funds to a student to buy required books, equipment, supplies, or (See Volume 3, Chapter 2, for additional information.). The following guidelines demonstrate how funds are distributed based on a student's enrolled units. Can I use my debit card number as a bank account to have funds deposited to? A separate application is not required for summer. Pay online using American Express, MasterCard, Discover, or VISA. Consequently, if a student does not comply with the schools policy, the school must nevertheless disburse the funds to the student either by dispensing cash, for which the school obtains a signed receipt, or issuing a check. designated subsidiary ledger account; maintain cash in its bank account that is always at a minimum schools submit a request for those funds. The institution can still charge a fee for the issuance of the transcript pursuant to their published transcript processing fees. Unlike with post-withdrawal disbursements below, there are no specific requirements for how schools offer this choice. Last Day to submit Verification documents ("To Do" items) September 8, 2023. payment period for which he or she received Title IV The costs of education and other services a school provides a student are associated with the year for which the education and services are provided. Similarly, if a charge is part of an enrollment agreement or any addendum or if the school routinely debits a students ledger account for the amount with the tuition and fees, it is generally an institutional charge. for the student with a processed date after he or she ceased to be eligible. Place any non-monetary consideration between the contracting The e-mail address is: finaid@csusm.edu Financial Aid Programs Financial aid programs provide support for students to help meet the costs of obtaining a college education. If you want to exclude specific charges or costs from a calculation, you If the award year has changed and the school has not already carried forward the maximum 10% allowable, the school may carry the funds forward to the current year and award them to another eligible student. into the financial accounts of those students; and, opening the financial account or initially A student body center fee must be established upon a favorable vote of two-thirds of the students voting in an election held for this purpose (Education Code, Section 89304). Therefore, if a student borrower or parent PLUS loan borrower dies after the school has received the loan funds but before the loan is disbursed, the school must return the entire disbursement to the Department. If eligible for a Pell Grant during Fall 2022 or Spring 2023 at CSUSM, the student through a surcharge-free national or regional Automated Teller Students will also receive a refund of tuition and mandatory fees, including nonresident tuition, under the following circumstances: Students who are not entitled to a refund as described above may petition the University for a refund demonstrating exceptional circumstances and the chief financial officer of the university or designee may authorize a refund if they determine that the fees and tuition were not earned by the University. In addition to meeting the financial eligibility criteria, you must: Cal Grant A grants provide need-based grant assistance to low- and middle-income students to offset tuition/fee costs for high school graduates with at least a 3.0 grade point average. Because FSA funds are awarded to pay current year charges, regardless of any authorization from the student or parent, you must pay: any remaining balance on FSA loan funds by the end of the all the funds a student was entitled to, please note that disbursing or redisbursing account; opening a bank account for the student; and. More information about education benefits offered by VA is available at the official U.S. government website at http://www.benefits.va.gov/gibill. related expenses (e.g., parking or library fines, the cost of If a school charges for books and supplies as part of its tuition and fees and a student opts out of that method for providing books and supplies, the school must reduce the students tuition and fees by the amount associated with the books and supplies. This is because Direct Loan funds returned 120 days or more after the disbursement is processed as a payment with no adjustment of loan fees or interest. under the T1 arrangement are not consistent with or Results of the referendum and the fee committee review are advisory to the campus President. copy, and inform students how to request a paper copy, Voluntary consent to participate in electronic transactions is required for all financial information provided or made available to student loan borrowers and for all notices and authorizations to FSA recipients required under 34 CFR 668.165. The Good to Go email totals your tuition, fees, and financial aid and tells you how much you can expect TEACH Grant funds are credited to a students account. Parentthe parent borrower of a Direct PLUS Loan. Tuition and fees listed in published schedules or student accounts may need to be increased when public funding is inadequate. The following reflects applicable systemwide tuition and fees for semester campuses. Important Dates and Times | Office of Financial Aid & Scholarships | CSUSB The most important principle to keep in mind is that all tuition, fees, room and board, and As mentioned earlier, for a program with substantially equal payment periods, a school prorates the charges associated with a current payment period by dividing the total institutional charges for the program by the number of payment periods in the program. When these are applied against Under a consortium agreement between two eligible schools, if a student is enrolled in a course at the host school and classes start before the payment period begins at the home school that is paying the FSA funds, the regulations require that the student obtain the books and supplies by the seventh day of the start of the payment period of the home school. IV funds are reasonably available to students, including at the The institution may also report the debt to a credit bureau, offset the amount due against any future state tax refunds due the student, refer the debt to an outside collection agency, and/or charge the student actual and reasonable collection costs, including reasonable attorney fees if litigation is necessary, in collecting any amount not paid when due. Consideration for summer assistance applies to regularly matriculated students (students educationally related goods and services from the bookstore (with the on those cards; the stored-value cards are the students IDs; the ID cards are not branded with the name of a financial institution the endorsement or certification of the student; or. T1 arrangements to its students make provision for The FSEOG program provides grant assistance for undergraduates who are eligible for a Pell Grant and who demonstrate the greatest financial need. need to apply for readmission to the university*. The students mandatory systemwide tuition and fees waived pursuant to this subdivision shall not have in excess of the equivalent of six years of full-time attendance in an undergraduate program. Self-Help Aid includes student loans and work-study; these must be repaid or earned. Regulations governing the refund of tuition and mandatory fees, including nonresident tuition, for students enrolling at the California State University (CSU) are included in Section 41802 of Title 5, California Code of Regulations. Please keep in mind that if reporting a late disbursement, it must still meet all of the conditions mentioned earlier including the 180 day deadline. under the contract. The timing of a loan or TEACH Grant notification varies depending on whether a school obtains affirmative confirmation from a student that he or she wants a loan or accepts the grant. A school may include two or more of the items that require authorization in one statement. servicer); have no credit extended or associated with the financial Use this disbursement schedule to check for the disbursement dates of the award funds shown on your Award Letter or on your WebAdvisor/Student Self Services. For additional information on returning loan funds, see Chapters 3 and 4 in this volume and Volume 5 (for the return of loan funds when a student withdraws). Title IV funds cannot be disbursed to a student or their estate after the student has died, except for FWS funds earned prior to the students death. does not incur a financial obligation for those items but only However, if certain conditions are met, students must be considered Title IV* funds and/or Cal Grants), are applied to a student's account for allowable institutional charges. abatement. Note that the documented cost is the amount the school paid for the equipment, which may be different than what students were charged for it. When the school reduces the students Direct Loan actual disbursement amounts in the COD System, Schools that participate in T2 arrangements must ensure that students actively consent to participate in any account offered under a T2 arrangement. Note that these are not necessarily the amounts that will actually be awarded: Subsidized/Unsubsidized Direct Loan for First Loan Period, Subsidized/Unsubsidized Direct Loan for Second Loan Period. provides books and supplies. For instance, if a school provides a bookstore voucher, the student may opt out by not using the voucher. Acknowledgment, use the date labeled transaction process date in the students for informational purposes rather than being provided as (See Volume 6 for a discussion of carrying back funds for summer employment.). A school may not use Title IV funds to pay overtime charges for a student who fails to complete his or her academic program within the normal time, even with a students authorization. A financial account where information about the account is All elements of an authorization to hold an FSA credit balance must be conspicuous. Refund & Direct Deposit - California State University, Dominguez Hills Parents, Expand Menu Item Generally, an otherwise eligible student or parent becomes ineligible A third-party servicer is bound by the same provisions that apply apply, the sooner we can get your estimate aid awardto you! In-person at Cougar Central, Monday to Friday, 8:00 am - 5:00 pm (cash, checks and their credit balances prohibits schools from obtaining student/parent are eligible to receive; creating origination, disbursement, or other records in the converted into, credit cards; the school takes affirmative steps, by way of contractual The school may then charge Refunds are delivered after disbursement: You have the right to cancel all or a portion of your loan(s): Complete the Change in Aid Form to initiate the change. If a disbursement creates a Title To get your first financial aid refund Last Day to submit FAFSA. In the first payment period above, the school disburses FSA funds to incoming students on For FWS payroll period for the award period. Gift Aid includes grants and scholarships that do not need to be repaid. The school must also explain how it will go about cancelling the authorization and that a cancellation is not retroactive. FWS disbursements unless the Department has granted prior approval Disbursements - Louisiana State University Health Shreveport - lsuhs.edu principal balance on the students loan. An email will be sent once your aid has been applied to the balance on your student in enrollment status to Part-Time and a reduction in fees, resulting in a refund. Be sure to enter your banking ATM in a state that belongs to the surcharge-free regional To set up eRefund (direct deposit), an active bank account with routing and account It is recommended that you log in to your Student Center atMyCSUSMto review your account and arrange for payment prior to any deadline. to you from CSUSM, including financial aid disbursements in excess of your charges. In order to receive a full refund of mandatory fees, including nonresident tuition,less an administrative charge established by the university,a student must cancel registration or drop all courses prior to the first day of instruction for the term. $500 is not subject to the 14 day time frame. The school or one of its third-party servicers terminates a contract. Postal Service, campus mail, or electronically through email. the students opening them; and. published in the Federal Register. The Financial Aid and Scholarships Office administers a variety of financial assistance programsincluding grants, scholarships, and loansto help you meet the costs of your educational goals. If a school did not make a disbursement to an enrolled student for a payment period(s) he or she completedfor example, because of an administrative delay or because the students ISIR was not available until laterit may pay the student for all prior completed periods in the current award year or loan period for which the student was eligible. first year. below prevailing market rates; and. Must not hold a valid non-immigrant visa (F, J, H, L, A E, etc.). However, because FSA credit balance funds are funds that have already been disbursed, a school must pay an FSA credit balance to a student on a leave of absence. start of each term, and continue throughout the term. The CARD Act authorized new rules to restrict credit card marketing practices on campus, impose transparency requirements, ban free gifts for signing up for an account, and require consumers under the age of 21 to show ability to pay or get a cosigner in order to get a credit card. disburse any remaining balance by the end of the schools final If the funds include a Direct Loan, the notice must indicate which funds are subsidized loans, unsubsidized loans, and/or PLUS loans. Funding for financial aid programs is provided by the federaland state governments, colleges and schools, and a variety of other public and private sources. Last Day to accept your Direct Loans for Summer 2023. Financial aid refunds are sent via e-Refund (direct deposit) or by check. Except for the disclosure requirements about students enrolled Of course, though a school must in such cases offer the disbursement, a student or parent is never required to accept it. some schools charge a student up front for the total cost of a multiyear Title IV funds to resolve a school disbursement error is still A school offering accounts under T2 arrangements must ensure that: the financial accounts are not marketed or portrayed as, or July 28, 2023. The enrollment status of the student at the time that funds are prepared for disbursement Check processing begins 15 days prior to the Disbursement Date. enrolled in less than 6.1 units at the end of the add/drop period would have a change When a school pays an FSA credit balance to a student by making those funds available through a school-issued, stored-value card over which the school exercises control and with which there is no third party involvement, the school is, in effect, holding a students FSA credit balance. Sec. credited does not matter. portion of a loan, loan disbursement, TEACH Grant, or TEACH Grant A school must return to the Department any Title IV funds, except FWS program funds, that it attempts to disburse directly to a student or parent that are not received by the student or parent. Schools are required to notify the Department of all third-party servicer contractsincluding those in which a servicer participates in any way in establishing or maintaining accounts that Title IV credit balances are deposited in. A change in enrollment or an increase in aid eligibility may cause an over-award. within 14 days of being notified funds have been applied to your student account, or. The tuition and fees were assessed or collected in error; The course for which the tuition and fees were assessed or collected was canceled by the University; The University makes a delayed decision that the student was not eligible to enroll in the term for which tuition and mandatory fees were assessed and collected and the delayed decision was not due to incomplete or inaccurate information provided by the student; or. parties directly below the monetary consideration. student will receive no credit balance of Title IV funds. account. No later than 60 days following the most recently completed award year, schools with T1 and certain T2 arrangements (those above the credit balance threshold) must also disclose on their website the total consideration for the year, monetary and non-monetary, paid or received by the parties under the terms of the contract. schools refund policy or a post-withdrawal disbursement given to a Financial aid funds are first applied to the student account to pay for Tuition and August 17: Financial aid refunds begin. To avoid having to contact students multiple times, a school may use enrollment for which the loan was intended; or. features and fees associated with financial accounts under T1 Submit all "initiated" To Do List Items promptly. Disbursement Dates 2022-2023 | Madera College part of a contract with the institution, Providing students access to Title IV credit balances through schoolissued, Except for the disclosure requirements regarding students enrolled Although there is an excess of $500 on the account, this does not constitute an FSA credit disbursement of those funds would have created an FSA credit balance. Section 68120.3 Surviving spouse (until January 1, 2033) or surviving child (until attaining the age of 30) of a deceased California resident who was a licensed physician or licensed nurse employed by or under contract with a health facility regulated and licensed by the State Department of Public Health to provide medical services, or a first responder employed to provide emergency services as described in Section 8562 of the Government Code. phone numbers to ensure CSUSM can get your refund check delivered to a current address Important:A financial aid student who drops all classes prior to the start of the term but already Note that Direct Loan funds credited to a students account must pay for Credit FWS wages to a students account to pay any period or. In all cases student consent must be obtained in writing (including electronically) and schools must retain copies of that consent. See the guidance on __T1 and T2 accounts__later in this chapter for information about charges allowed under those accounts. accounts offered under T2 arrangements: have convenient access to the funds in the financial account program (the 31st day of classes). The school may enter into a contract with a third party to provide institutional housing and/or bookstore services. Disbursement Process | Office of Financial Aid & Scholarships | CSUSB financial account. You have four options for making a payment: Failure to pay in full by published due dates may result in any of the following: Student Financial Services can help! +1 (909) 537-5000, Expand Menu Item funds. student or parent, (2) pay the student or parent directly by other means, Please email sfs@csusb.edu with any questions you have and we are happy to help! machine (ATM) network that has ATMs sufficient in number return the funds to the appropriate FSA program. Disbursing FSA Funds | 2020-2021 Federal Student Aid Handbook do not set specific rules for determining which funds created a credit amount of aid is reduced due to a change in enrollment status. mailed by USPS can take 10-14 business days for delivery. Direct Deposit refunds are processed and disbursed by the University within 2-3 business days. All contracts for the marketing or offering of accounts Make a payment online via your Student Center. See Appendix C of the FSA Handbook for information about loan discharge and other issues when a student dies. assessed fees associated with each financial account under Gift Aid includes grants and scholarships that do not need to be repaid. Disbursement Policy Financial aid awards are calculated based on the number of units per semester. in a refund or what your balance will be after your financial aid applies. These additional limitations must be satisfied before a school may make a late disbursement [34 CFR 668.164(j)(4)]3. The school gets written authorization from students who opt in a timely manner. For transactions initiated by or on behalf of an institution, EFT includes, from among the transactions covered by 31 CFR 208.2(f ), only Automated Clearing House transactions. Learn more about Summer Session. All refunds for payments using a credit card will be credited back to the original Drop a check or money order in the drop-box on the wall outside of Cougar Central. Student Financial Services can be reached at:sfs@csusm.edu760-750-4490, *Sample represents an undergraduate student enrolled in 6 units.Spring 2023 Due Dates.