Financial Aid Question

[CharStar]

Hi everyone who might respond! I have just been approved for Financial Aid and they have already told me how much money I will be getting for each quarter. But I have never received FA before and I’m wondering how the money is disbursed. I mean, do I buy my books like normal or is there like some special ID card that tells you that you have FA. I know this is really dumb, but I’m just really confused by it all. I’m getting Loans and Grants. Also, I think I’ll be staying at the Village and I’m wondering if FA pays for that as well or is that an out of pocket expense. Thanks again!

-Char

[Keng]

They will send you check

[ak]

FA pays for your tuition and sends you a check for the remaining balance.

Imagine that you are getting $6000 in FA per year.

Imaginary numbers:
Tuition $1000/qtr ($3000 yearly)


Therefore FA will send you a $1000 each quarter approximately on the 2nd week of each quarter.

Check http://www.csupomona.edu/~financial_aid/
for updated information about reimbursement. Sometimes (like Spring '05) disbursements will be delayed by 1-2 weeks.

To answer your question about books, most people do buy the books upfront with their own money (or credit card) and pay it off with FA.

[CharStar]

thanks everyone! it's all making a little more sense now! do you think they will cover this during the orientation? oh well, i guess i'll learn along the way how this all works but these responses have been good too. i get it now!