Fiscal Affairs

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Financial Aid Information

 

 

Disbursement Information

Disbursement Schedule: Students who have met all disbursement requirements and who have signed up for direct deposit should receive their financial aid and or scholarship balance payments as early as four (4) business days prior to the first day of instruction. If a student cannot participate or is unable to sign up for the direct deposit program, paper checks will be processed and mailed out by the first day of instruction. During the semester, disbursements are scheduled within 5 to 10 business days after all financial aid requirements are met.

 

Financial aid checks are mailed to the address listed with the Registrar's Office. Checks are not picked up on campus. If your address is not current, submit an address change form to the Registrar's Office (SSB), or go to your MySFSU, select “Address Change” and submit an online address change request.

 

NOTE: It is possible that a financial aid check may be mailed before an address change is processed. Students are advised to contact the Bursar’s Office to verify the actual address to which the check was sent.

 

Combined Disbursements: Students who are also entitled to receive financial aid from the previous semester may receive both awards combined in one disbursement.  

 

Late Disbursements: After the Add Deadline Date (Census date), financial aid recipients whose aid has not disbursed or have had their financial aid cancelled and still have an outstanding tuition fee balance, will be assessed a non-refundable $20 administrative fee.

 

Insufficient Aid: If the financial aid award is not sufficient to pay for all tuition and fees in full, it is the student’s responsibility to pay the fees or unpaid balance before the first day of the semester, January 28, 2013. Payments received on or after the first day of the semester will be assessed a non-refundable $20 administrative fee.

 

Paying Prior Year Charges:  Financial aid for the current award year cannot be used to pay prior academic year outstanding charges that amount for more than $200. The academic year consists of the Fall, Spring, and Summer semesters.

 

Deductions: Tuition fees, housing room and board, short-term loans, and other outstanding institutional costs on a student's account are authomatically deducted from the financial aid disbursement.   If a fee was deducted in error, contact the Bursar's Office at (415) 338-1281 or go to the Bursar's Office at ADM 155 or SSB 103.

 

 

Procedures of Returning Financial Aid

Returning Financial Aid: You have the right to cancel all or a portion of the student loan(s) disbursed to you within 120 days from the disbursement date. To avoid paying the administrative fee on your Direct Loan(s) or if  you are not attending this semester, you must return the funds (DO NOT VOID CHECK) to the Bursar’s Office at ADM 155 or SSB 103 immediately within 100 days of disbursement to allow for the processing of the loan return.

Please note the only acceptable methods of payment for returning financial aid funds are, cash, money order, or certified check.

Please visit the Bursar’s Office for the form.  Online forms are not available for this type of return.

If you are not attending this semester, drop all classes by going online to MySFSU, and selecting “Gator Reg/Add & Drop Classes” and submitting a completed withdrawal form to the Registrar’s Office. For questions about Financial Aid, including your right to cancel a Federal Student Loan, call (415) 338-7000 to speak with a Financial Aid Counselor.

 

Returning Parent Plus Loan:  You have the right to cancel all or a portion of the Parent Plus loan(s) disbursed to you within 120 days from the disbursement date. To avoid paying the administrative fee on your Direct Loan(s) or if the student is are not attending this semester, you must return the funds (DO NOT VOID CHECK) to the Bursar’s Office at ADM 155 or SSB 103 immediately within 100 days of disbursement to allow for the processing of the loan return.

Please note the only acceptable methods of payment for returning Federal Loans are, cash, money order, or certified check.

Please complete section A through D on the online form Returned Financial Aid Record for Federal Parent Plus Loan and return to the Bursar’s Office at ADM 155 or SSB 103. The parent's signature is needed to complete the form. If student is returning a SF State issued Parent Plus check, the parent needs to endorse the back of the check by writing "make payable to SF State" and signing their name.

 

 

Lost or Stale Dated Checks

Lost Checks:  If students lose, destroy, or do not receive their checks within ten (10) business days of the disbursement mailing, the student may request a "Stop Payment." A "Stop Payment" on a check must be initiated by the student in person at the Bursar’s Office at ADM 155 or SSB 103. It takes approximately 2 - 3 weeks for a replacement check. Beginning January 3, 2006, students will be assessed a $20 administrative fee for the replacement of a lost check (see Check Replacement /ACH Reject Fee Policy). Students may apply for a Short-Term Loan. To apply for a Short-Term Loan, go to ADM 358 with a copy of the stop payment form.

 

Check Disbursements Older Than 180 Days (6 Months): University financial aid checks are only negotiable for 180 days after the date of issuance. If you want the financial aid funds, you must cash the check within the 180 days period. If not, the financial aid funds will be cancelled as unused aid and returned to the funding source. Cancelled aid may be reclaimed only if the Office of Financial Aid is still disbursing that year’s financial aid funds.

 

SF State Home

Bursar's Office - San Francisco State University

1600 Holloway Ave - Adm 155, San Francisco, CA 94132-4161

Phone: 1.415.338.1281 - Fax: 1.415.338.7787 - Email: bursar@sfsu.edu