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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.
2008 - 2009 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 2008-2009 are:
| Fall 2008 |
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August 21, 2008 |
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| Spring 2009 |
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January 22, 2009 |
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 2008 |
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August 21 and September 25 |
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| Spring 2009 |
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January 22 and February 26 |
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: |
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Fall 2008 |
Spring 2009 |
$720 payment on August 21
$480 payment on September 25
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$720 payment on January 22
$480 payment on February 26
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