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TERMS AND CONDITIONS
When you accept a financial aid payment, you are agreeing to the terms and conditions of your financial aid.
2007 - 2008 Academic Year Disbursement Dates
Most funds are disbursed in one lump sum (see Perkins exception below) a few days before classes begin. The first scheduled disbursement dates for 2007-2008 are:
| Fall 2007 |
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August 16, 2007 |
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| Spring 2008 |
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January 17, 2008 |
If you miss the first disbursement (due to late enrollment, for example), at least two additional disbursements occur each week throughout the semester.
How Much Will I Receive?
In most cases, you will receive 100% of your semester funding at the beginning of the semester. Federal Perkins Loan is the exception (see chart below).
If you are enrolled part-time (fewer than 12 units), you may receive a partial payment of Cal Grant, State University Grant, Federal Pell Grant or EOP Grant. If your enrollment status
increases so that you qualify for additional funds, you may receive
a supplemental payment . No payment is prepared until you are officially
enrolled and meet satisfactory
academic progress.
FEDERAL PERKINS LOAN
Federal Perkins Loan funds are disbursed in two payments each semester:
| Fall 2007 |
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August 16 and September 27 |
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| Spring 2008 |
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January 17 and February 28 |
Federal Perkins Loan will be disbursed in two payments each semester: 60% of at the beginning of the semester and 40% at the midpoint in the semester.
Example for a $2400 academic year Federal Perkins award: |
2007/2008
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Fall 2007 |
Spring 2008 |
$720 payment on August 16
$480 payment on September 27
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$720 payment on January 17
$480 payment on February 28
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