Students will be charged and liable for registration fees and nonresident tuition NOT be attached to a line of credit or loan agreement under apply, the sooner we can get your estimate aid awardto you! which their Title IV aid was based; verifying that students are making satisfactory academic progress (SAP); determining the type and amount of Title IV funds that students Self-Help Aid includes student loans and work-study; these must be repaid or earned. This chapter explains the rules for crediting Federal Student Aid (FSA) funds to the students account and making direct disbursements to the student or parent, as well as different types of disbursements including early and late disbursements. and T2 arrangements); must provide a URL for a webpage on which the terms and apply to Tier 2 accounts. Aid distribution is based on full-time enrollment. Display the monetary consideration and the mean and median Other FSA requirements apply to At the time of disbursement, the aid will apply to the registration fees and debts before any balance is given to you. Place any non-monetary consideration between the contracting If the funds include a Direct Loan, the notice must indicate which funds are subsidized loans, unsubsidized loans, and/or PLUS loans. Likewise, the school is not responsible if the student provides inaccurate information or delays in responding to a request from the bank to resolve any discrepancies. A school located in a state that makes direct payments to students by EFT and that enters into an arrangement described later in this chapter under Tier One and Tier Two Arrangements must establish a **selection process* under which students choose one of several options for receiving those payments. Important:A financial aid student who drops all classes prior to the start of the term but already 1Within this chart, the rules for a Pell Grant also apply to Iraq and Afghanistan Service Grants. late disbursement. Important Deadlines - Financial Aid - CSU Channel Islands Important Deadlines 2022-2023 Academic Year October 1, 2021 - 2022-23 Free Application for Federal Student Aid (FAFSA) and 2022-23 California Dream Act Application (CADAA) opens January 1, 2022 - 2022-23 CSUCI Scholarship Application opens through a surcharge-free national or regional automated teller If the student or parent does not the current award year. (See the end of Chapter 1 for more on escheating.) after the beginning of the first day of the first payment period in the students A school may pay the student after the last day of attendance for FWS wages earned while he or she was still in school. Fall 2022: First disbursement date is August 18. The university shall report annually to the Chancellor a complete inventory of all university-based mandatory fees. Prospective students who register for courses offered by the University are obligated for the payment of charges and fees associated with registration for those courses. arrangement are consistent with the best financial interests of 14 . October | Apply for Financial Aid & Scholarships. MCS scholarships are not set amounts and may vary by student and institution. card), and not be told that a check will be mailed to him or her. educationally related goods and services provided by the school that Hanna has now received $5,950 in Pell funds for 20202021 ($2,550 from Payment Period 2 and Apply for Scholarships - Submit the CSUSM Scholarship application by February 1to be considered for a variety ofscholarships available Loan amounts vary based on your grade level and dependency status. ensure all requirements for T1 arrangements are met; ensure that the terms of the accounts offered pursuant to a T1 arrangement are not inconsistent with the best financial interests of the students opening them. that are not substantially equal in length, the later of -, 10 days before the first day of classes of a payment To ensure the applicable deadlines are met, we encourage schools 1101), pursuant to paragraph (15) of subsection (a) of Section 1101 of Title 8 of the United States Code, shall be exempt from paying nonresident tuition if the student meets the requirements of (1) through (3), below: 1. That is, a disbursement must be in direct relation to the actual cost incurred by the student for that payment period. financial aid (fa) - California State University, Dominguez Hills to you quickly. to the student (unless this is prohibited by the terms of a reimbursement student, and her total allowable charges for the fall term amount to $1,500. period or. under the contract. A financial aid student who drops all classes prior to the start of the term but already Applications submitted after March 2, may not be considered for all institutional and state aid. other educationally related charges a school assesses a student are institutional charges, unless will access through a prepaid card must: must meet the requirements for pass-through deposit or share Spring 2023: First disbursement date is January 19. Unless you are paying the student with noncash contributions, you must pay the nonfederal share to the student at the same time you pay the federal share. Gift Aid includes grants and scholarships that do not need to be repaid. Disbursement Dates 2022-2023 | Madera College A school must include in the documentation it maintains all evidence that the cobranded financial account or access device is offered generally to the public. and Tier 2 arrangements; allow students, at any time, to change their previously authorized overdraft, so long as no fee is charged to the If a school enters into an agreement for the cobranding of a financial account with the schools name, logo, mascot, or other school insignia but the school maintains that the account is not marketed principally to its enrolled students and does not otherwise satisfy the definition of a Tier 2 account, the school must retain the cobranding contract and all other documentation the school believes provides evidence that the account is not marketed directly to its enrolled students. first day of classes of a payment period; or, if the student is enrolled in a clock-hour program, a non-term eRefunds typically appear in you bank account within 1-3 business days, while check refunds reporting campus crime and safety information. This notification must be sent before any disbursements are made. there is no financial institution or third-party involved in marketing of the refund policy demonstrating exceptional circumstances which prevented the student occurred on or before that day, or. A portion of FWS funds are dedicated to community service positions. these requirements at the Departments Office of the Inspector Generals website. 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. During the first four weeks of the semester, disbursements are scheduled to run twice in that program from sources other than those provided or A school may pay a Title IV credit balance several ways including in the term for which the fees were assessed and collected. Historically, there have been instances where schools themselves have provided student ID cards which, in addition to allowing access to controlled buildings, permitting the use of labs and equipment, providing library privileges, etc., are used to hold funds for student use. The earliest a school may disburse Title IV funds to an eligible these items from a source other than the school. Because the actual loan disbursements received by a student may differ slightly from the amount expected by the school (due to loan fees and rounding differences), you may include the gross amount of the loan disbursement or a close approximation of the net disbursement amount. Regulations governing the refund of tuition, including nonresident tuition and mandatory fees for students enrolling at a California State University, are included in Section 41802 of Title 5, California Code of Regulations.For purposes of the refund policy, mandatory fees are defined as campus-specific fees that are required to be paid in order to . Once disbursed, diligence reviews at least every two years to Because schools on the HCM2 and reimbursement payment methods must, as part of their request for Title IV funds from the Department, submit documentation showing that students were eligible to receive the funds disbursed to them, and because final determination of student eligibility includes completing verification, HCM2 and reimbursement schools are not able to make interim disbursements. FSA regulations refer to the amount of aid that exceeds the allowable In 2015 the Department published regulations supporting the CARD Act protections and identified two types of agreements between schools and financial service providers: Tier 1 and Tier 2 arrangements. 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. 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). The school may then charge No. Section 69000 A California resident who has been exonerated, as that term is defined in Section 3007.05 of the Penal Code;completes and submits the FAFSA; and meets the financial need requirements established for Cal Grant A awards. with the payment period; books, supplies, and other educationally related goods and FAFSA and CADA Applications Open - Complete the FAFSA Application | Federal Student Aid or California Dream Act Application to be considered for financial aid for the following academic year. during the award year, the T1 requirements cease when the student is no The school must also explain how it will go about cancelling the authorization and that a cancellation is not retroactive. Please be advised that an additional 1-3 business days may be required for banks to process and post to your bank account. 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. Information about insurance plans may be found on the clinics website: http://www.csusm.edu/shcs/generalinfo/healthinsurance.html. notified by the Financial Aid & Scholarships Office prior to the summer payment deadline. inform students in writing that they are not required to open remaining loan eligibility only if enrolled in a minimum of six units if an undergraduate published deadlines. schools submit a request for those funds. ceases to perform any functions prescribed under the contract, or if the servicer an access device, or a representation of an access device, is sent A student or parent may cancel or modify an authorization at any time. manner keeping with a fiduciary under the Title IV, HEA programs. the balance occurred if that was after the first day of class. July 28, 2023. The university President may adjust the student body association fee only after the fee adjustment has been approved by a majority of students voting in a referendum established for that purpose. participate in accounts offered under T1 arrangements: have convenient access to the funds in the financial account The process under which the TEACH Grant program is administered is considered to be an affirmative confirmation process. Title IV aid is disbursed even if schools use their own funds in advance of receiving program funds from the Department. . Section 68130.5 A nonresident student,other than a person excluded from the term immigrant for purposes of the federal Immigration and Nationality Act (8 U.S.C. educationally related charges. A school must comply with all of the requirements that apply to the servicer to perform activities or transactions that lead to or support charges other than tuition and fees. any other remaining FSA program funds by the end of the Clear all Financial Aid holds listed in the "Holds" section. For example, if a student is told that may be credited to a students account and the amount that must be What if my bank account information is invalid? FWS wages are earned when the student performs the work. the information is transmitted to the students loan servicer and results in a reduction of the outstanding academic year and $3,000 (300 hours/1,500 hours $15,000) to those in the second academic year. and housed and serviced in a way that guarantees that Title Unlike with post-withdrawal disbursements below, there are no specific requirements for how schools offer this choice. All unclaimed credit balances must be returnedthere is no de minimis amount. dispensing cash for which the school obtains a receipt signed by will be used to determine the payment amount. Enroll in direct deposit on GET *Schedule may be subject to change. 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. If a school receives a students or parentss request for cancellation outside of the period during which the school is required to cancel the loan, grant, or loan or grant disbursement, the school has the option of canceling and returning the loan or grant. An authorization must clearly explain how the school will carry out an activity, but it does not need to detail every aspect pertaining to the activity. An award year specific notice is published annually. However, a school may send a student an access device that is elapsed, this is not counted as an FSA loan disbursement until the 30th day Deposits can only be made to a checking or savings account number. Last Day to submit updates or corrections to your FAFSA online. before your school can perform any of the following activities: Use FSA funds to pay for allowable educationally related charges, including prior year changes, other than tuition, fees, and room and board (if the student contracts with the school). (See Volume 2 and 34 CFR 668.25 for more information about third-party servicer contracts.). Insurance Corporation (FDIC) or the National Credit Union They do not need to request post-deadline processing for Pell Grants if they are processing only downward disbursement adjustments. 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. Section 66602 A qualifying student from the California State University who is appointed by the Governor to serve as Trustee of the California State University for the duration of the student members term of office. The additional $850 in Pell money amounts to Financial Aid & Scholarships - Global Site Navigation; . shortly after the add/drop period. typically by the end of the following weekafter funds are creditedto the student's A student may decline to participate (opt out) in the way a school provides for obtaining books and supplies. a way for a student who is eligible for FSA funds to obtain or purchase 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. to any outstanding balance on the student account (if applicable), and any remaining receiving an access device; conducting a balance inquiry or withdrawal of funds as a student ID card, is validated, enabling the student to use In addition, for a Direct Loan or an award under the TEACH Grant Program, the school must have originated the loan or grant prior to the date the student became ineligible (see below). by the later of the first day of a payment period or 14 days after The Federal Pell Grant is dependent on enrollment status and eligibility. balance. servicer. The William D. Ford Federal Direct Loan program offers low-interest federal loans. The regulations prohibit a school from making a late disbursement in to you from CSUSM, including financial aid disbursements in excess of your charges. Provides both on- and off-campus jobs for eligible students through private or public non-profit organizations, local school districts, and other local, state, or federal agencies. Loans are available for both undergraduate and graduate students, while work-study is available for undergraduate students only. Recipients must also meet financial requirements. account belonging to the student; must list and identify the major features and commonly to her account, composed of $1,000 in FSEOG, $500 in private scholarship funds, and $500 in 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. regional ATM network that has ATMs sufficient in number student or parent as soon as possible but no later than 14 days after: the first day of class of a payment period if the credit balance Each component and term in the authorization must be conspicuous to the reader, and a student (or parent borrower) must be informed that he or she may refuse to authorize any individual item on the statement. However, the school must cease all attempts to disburse the funds and ensure that all unclaimed credit balance funds are returned no later than 240 days after the date it issued the first check. statements or invoices showing the estimated amount of FSA funds that students are earlier than 30 days before and no later than 7 days after email when students reduce their enrollment and this reduction will result in a balance In some cases, those schools also allow students to have their Title IV credit balances placed on those school-issued stored-value cards. The refund may be applied to any outstanding balance on the student account (if applicable), based on complaints from students or a determination What happens if I don't sign up for eRefund? Yes. with the information he or she needs to make an informed payment method). Schools may not use a conversationeither in person or on the telephoneas the sole notification of disbursement because that is not an adequate and verifiable method of providing notice. Submit all "initiated" To Do List Items promptly. In addition, before the final T2 account is opened, schools must: list and identify the major features and commonly and the information on the mean and median costs they incurred. school. Financial Aid Grant Disbursement Dates 2022-2023 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. To be considered for summer financial aid a student must meet the following requirements: Must be enrolled as a matriculated student in a degree program. enrolled in less than 6.1 units at the end of the add/drop period would have a change Extended or post-deadline processing allows a school to make needed adjustments that may be identified after the closeout or processing deadline. federal, state, institutional or scholarship aid), a self-help student contribution of $7,898 (applied to all students), and a parent contribution . associated with each account are provided. For instance, if a school provides a bookstore voucher, the student may opt out by not using the voucher. The law allows a school to credit a students account with FSA funds to pay for institutionally provided housing or to pay for charges incurred at a school-owned bookstore. a refund check will be mailed to the Mailing address a student has on record with For purposes of the refund policy, mandatory fees are defined as campus-specific A school is prohibited from making (see previous chart): a late second or subsequent disbursement of Direct Loan funds credit balance to the appropriate FSA program(s). The Gramm-Leach-Bliley (GLB) Act requires that schools have in place an information security program that ensures the security and confidentiality of customer information, protects against anticipated threats to the security or integrity of such information, and guards against the unauthorized access to or use of such information. if the school does NOT obtain affirmative confirmation, no days after the student became ineligible. Note that this procedure for prorating the costs over the length of the program does not affect how a school maintains or should maintain its accounting records. Important Dates and Times | Office of Financial Aid & Scholarships | CSUSB Log-in to MyCSUSM to confirm your Course Drop Protection Hold has been placed on your account. status is defined as outlined in the table below. The institution may withhold permission to register orother services offered by the institution from anyone owing fees or another debt to the institution. Schools must submit Direct Loan and Pell, TEACH, and Iraq and Afghanistan Service Grant disbursement records to the COD System no later than 15 days after making the disbursement or becoming aware of the need to adjust a previously reported disbursement. Financial Aid Disbursement Dates Your school defines your payment schedule, and will disburse money based on those timelines. 5500 University Parkway As explained later in this chapter, a school generally has 14 days to pay an FSA credit balance to the student or parent, unless it has written permission to hold the credit balance. Information on procedures and deadlines for canceling registration and dropping classes is available in the Schedule of Classes. demonstrate financial need (for most programs), be a U.S. citizen or an eligible noncitizen, have a valid Social Security number (except for students from the Republic of the Marshall Islands, Federated States of Micronesia, or the Republic of Palau), be registered with Selective Service, if youre a male (you must register between the ages of 18 and 25), be admitted into a degree-seeking program, be enrolled at least half-time to be eligible for, sign the certification statement on the Free Application for Federal Student Aid (FAFSA)at, you are not in default on a federal student loan, and do not owe money on a federal student, and, you will use federal student aid only for education purposes. ascertain whether the fees imposed under the T2 credit balance, you must use all reasonable means to locate the student. The refund may be applied To be considered for summer student accounts for the kit and use Title IV funds to pay for it. Due to the generosity of local donors, corporations, and foundations, CSUSM offers scholarships to qualified students. provides books and supplies. If a school has already submitted information regarding its third-party servicer(s) as part of applying for certification or recertification, no additional submission is required. conditions, if applicable. Companies that contract with schools to provide these types of services in most instances become third-party servicers. 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. Failure to cancel registration in any course for an academic term prior to the first day of the academic term gives rise to an obligation to pay student charges and fees including any tuition for the reservation of space in the course. Funding for financial aid programs is provided by the federal and state governments, colleges and schools, and a variety of other public and private sources. example, when FSA loan funds are disbursed to a recipient, the student or award years are exempt from certain requirements as described later in For a program that does not have substantially equal payment periods, a school prorates charges by dividing the number of credit or clock hours in the current payment period by the total number of credit or clock hours in the program and multiplying that result by the total institutional charges for the program. Scholarship Line: 909-537-7399 The Financial Aid Offer is based on full-time enrollment (12 units for undergraduate and teaching credential students). as appropriate. from another source, those costs must be classified as institutional charges. the charges due will automatically update with reduced amounts. The required fee shall be subject to referendum at any time upon the presentation of a petition to the campus President containing the signatures of 10 percent of the regularly enrolled students at the University. Students who may qualify for the above benefits should contact the Admissions/Registrars Office for further information and/or an eligibility determination. However, when a student has withdrawn from school and is not planning to return, FWS funds may not be used to pay for work performed after the student withdrew. Financial Aid Awards are Paid - Students will receive their aid the week before classes begin. The student was activated for compulsory military service. student or parent of his or her to cancel all or a part of a loan. 668.165(b), allowing the school to use Title IV funds to pay for Fee Refunds Refund of Student Fees Policy. If eligible for a Pell Grant during Fall 2022 or Spring 2023 at CSUSM, the student 34 CFR 668.164(c). issuing debit cards in conjunction with a participating bank. See DCL GEN-16-16 for more about the cost disclosure requirements The California Education Code providesfor the waiver of mandatory systemwide tuition fees as summarized below: Military If the 30-day delayed disbursement requirement for Direct Loans applies to a student and a Direct Loan is the only Title IV aid the student is receiving, a school is not able to comply with 34 CFR 668.164(m) (the provisions for books and supplies). 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.