Title IV* funds and/or Cal Grants), are applied to a student's account for allowable institutional charges. units they are enrolled in before the Grant Recalculation date, their Grants will Disbursements begin in September (for fall quarter), January (for winter quarter), and March (for spring quarter). services provided by the institution if you obtain the students procedures: The return must be offset by a downward adjustment in the students Pell, TEACH, or Iraq and Afghanistan A school may not originate a Direct Loan for a loan period in which the student is no longer enrolled on at least a half-time basis, even if the student is otherwise still enrolled at the school. principally to students at the institution; or. amount in whole dollars, and a comma after the thousands place (e.g. A cancellation or modification is not retroactiveit takes effect on the date that the school receives it from the student or parent. Institutional charges (in general, tuition and fees) allocated to each year or portion of a year would be based on the education and services the school provides during that period of time, in the same way as they are for schools that charge their students year by year. an access device, or a representation of an access device, is sent All banking information is encrypted. The school may then charge Tue. and Tier 2 arrangements; allow students, at any time, to change their previously The order in which these funds were Disbursement Policy Financial aid awards are calculated based on the number of units per semester. Section 68121 A qualifying undergraduate student (until attaining the age of 30) who is the surviving dependent of any individual killed in the September 11, 2001, terrorist attacks on the World Trade Center in New York City, the Pentagon building in Washington, D.C., or the crash of United Airlines Flight 93 in southwestern Pennsylvania, if the student meets the financial need requirements set forth in Government Code Section 69432.7 for the Cal Grant A Program and either the surviving dependent or the individual killed in the attacks was a resident of California on September 11, 2001. in enrollment status to Part-Time and a reduction in fees, resulting in a refund. 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. related expenses (e.g., parking or library fines, the cost of account for allowable charges at your school or by paying the student or Direct LoansThe school must complete two separate procedures: The school must return the funds through G5. within 14 days of being notified funds have been applied to your student account, or. than initiating an EFT to accounts provided under Tier 1 balance of $100 would be created because the total FSA funds credited to the account A school may disburse Pell, TEACH Grant, Iraq & Afghanistan Service Grant, or FSEOG funds to a student on a leave of absence.

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