SPRING 2012 DISBURSEMENT DATES FOR FINANCIAL AID FUNDS:
STUDENT DISBURSEMENT
Spring 2012
PARENT PLUS LOAN DISBURSEMENT
Direct Deposit is available for students only.
Financial Aid Direct Deposit Announcement
Direct Deposit : As part of San Francisco State University's commitment to and support of environmental initiatives, financial aid funds will be disbursed through direct deposit. The campus "green" initiative sends your funds in a secure, efficient, and timely manner. You do not have to wait for your checks in the mail nor spend time going to the bank to deposit checks. Your money is electronically deposited into your account on time. It is safe and greatly reduces potential identify theft. With a check, your personal and financial information can be seen. Moreover, direct deposit gives you access to your money earlier than check deposits. No waiting is necessary for checks to clear.
To signup for direct deposit go to Sign Up and Manage Direct Deposit. You will need your SF State ID and password to log on. To complete the transaction, you will also need to have your checking/savings account no. and the ABA (routing and transit) number which can be found on the bottom of your check book.
When students Will Receive Financial Aid Funds
For students who register through GatorReg and meet all disbursement requirements, financial aid checks are mailed or to be direct deposit prior to the first day of classes. If you would like your check to be direct deposit (see above announcement). Otherwise, remaining financial aid checks are mailed or direct deposit weekly throughout the semester, approximately 5 to 10 days after all requirements are met. All financial aid checks are mailed to the address on file with the Registrar's Office; checks are not picked-up on campus.
Requirements to Receive Your Financial Aid Funds
View and Aceept your Financial Aid Award Offer on line.
Complete all requirements (promissory notes, Loan entrance counseling).
Meet satisfactory academic progress requirements for financial aid
Resolve all financial aid holds.
Enroll in at least the minimum units required for the types of financial aid you have been awarded. Being on a waiting list for a class does not constitute enrollment.
Your financial aid will be canceled if you do not meet all of the disbursement conditions.
Registration Fee Payment
Financial aid funds, including all Federal Direct Student Loans(FDSLs), are disbursed each semester and are credited directly to cover registration fees and/or other outstanding obligations to the University.
(For example: Short-term Loan, On-Campus Housing Payments,..etc)
If your financial aid is not sufficient to cover your registration fees and/or other financial obligations, you will have to pay the balance owed at the Bursar's Office by the fee payment deadline (see the Class Schedule). Payments received after the deadline will be assessed a late payment fee.
Account Statement and Balance Check or Direct Deposit
You will be emailed an "Account Statement" with descriptions of financial aid credits, outstanding University charges, and/or remittance advice (the amount you owe). If you have remaining financial aid funds for the semester, you also will be mailed a Balance Check. If you pay all of your University obligations, including registration fees, in advance by personal check or credit card, your financial aid award in full will be mailed to you. It is important for you to keep your mailing address current. All financial aid checks are mailed to the address on file with the Registrar's Office; checks are not picked up on-campus. You may change your address online. Students who have requested Direct Deposit will receive the Account Statement via e-mail. Financial Aid funds will be directly deposited into the students's bank account.
