Accepting Aid

Students are notified via email when their aid offer is posted to MyUCSC.  Students may accept or decline the aid that is offered.  Offered loans may be reduced or declined. 

Financial aid pays student charges such as tuition, fees, and on-campus housing. For students enrolled in classes, most accepted aid will be credited to student bills a few days before the start of each quarter and will reduce the amount owed. Exceptions include work-study which must be earned and
scholarships from other agencies for which funds have not been received.

After accepting your financial aid offer, use the Payment Estimator to estimate how much you will owe for the term after your aid credits your student account.

Receiving Aid

Financial aid is posted to student bills on the schedule below.   Even if your aid has not posted to your bill by the billing deadline, subtract your pending/anticipated aid (aid you have accepted for the quarter) from the amount you owe and pay the difference by the bill due date.  You will not be charged late fees if your bill is fully paid when your aid is posted to your bill. 

Students must be enrolled in classes to receive financial aid and must have completed loan promissory notes and entrance counseling requirements. See Important Next Steps.

Dates for Financial Aid Refunds

Excess funds are refunded to the student via check or Direct Deposit to your bank account beginning the first day of each quarter. Direct deposit is the fastest way to receive your funds.  Checks are mailed to the mailing address you provided in MyUCSC.  Be sure to update this before you come to campus or when you move so that your check is not delayed.