How to Receive & Accept Aid

To receive your financial aid, complete the following steps, if applicable. Federal, state, and institutional aid must be accepted within the applicable academic periods or deadlines specified for each award. By accepting any financial aid award, you are agreeing to the Policies and Conditions published on the financial aid website.

1) Complete Your Verification Documents

Verification is a process required by the state and federal government that is intended to improve the accuracy of the information submitted on your Application. Your financial aid offer may be adjusted as a result of the verification process.

This video will provide you with information on our financial aid verification process and how to access tasks on MyAid Verify.

2) Accept Your Official Financial Aid Offer

Students are notified via email when their official aid offer is posted to their MyUCSC student portal. Official aid offers are made available throughout the months of May-September. To receive your aid offer on time, complete all financial aid associated items on your list of tasks on your MyAid Verify account by the due dates if requested. Your official aid offer may differ from your conditional aid offer if the information on your initial financial aid application was incorrect, incomplete, or did not accurately reflect your family’s ability to contribute.

This video will provide visual instructions on accessing and accepting your financial aid offer on your MyUCSC student portal. Before accepting your awards, you will be required to complete the Financial aid terms and conditions agreement by clicking the “Financial Aid Offer Terms and Conditions Agreement for UGRD” item on your To-Do list.

3) Calculate Your Bill

After accepting your financial aid offer, you can calculate how much you will owe for the term after your aid credits your student account. This video will provide instructions on how to calculate your bill every quarter.

4) Complete Your Loan Program(s) Requirements

If you choose to borrow and you are a first-time loan borrower, you will need to complete a promissory note, entrance counseling online, and read disclosure statements as applicable for the loan you accept. Steps to accepting your loan(s) can be viewed under the Loan Programs section on the FASO website by selecting the type of loan(s) offered. Terms and conditions are also listed. Private loans are available through outside financial institutions. An application is required, and terms and conditions can vary. Before seeking an outside private loan, please check with our office to determine if you have other options available.

5) Grant Our Office Permission to Pay Miscellaneous Charges- Optional

You must grant permission if you would like your aid to pay miscellaneous charges such as health insurance, course or lab fees, etc. On MyUCSC, under Finances, select “View Student Permissions.”

6) Sign-up for Direct Deposit

Funds remaining after your bill is paid, either by financial aid or out of pocket, are refunded to students via check or Direct Deposit to your bank account beginning the first day of each quarter. The fastest way to receive funds is Direct Deposit. If you don’t sign up for direct deposit, a check is mailed to the mailing address you provide in MyUCSC. If the remaining funds are from a parent PLUS loan, the refund will be sent to the parent unless they specified on their PLUS loan application to be sent to the student.

This video will provide you with visual instructions on how to sign up for direct deposit.

7) Explore Payment Plan Options

Tuition and Fee Payment Plan

The Student Business Services Office offers a monthly payment plan which allows quarterly tuition and fee payments to be made in installments. Students may choose to make payments in 3 or 9 monthly installments. There is a one-time application fee for the three-month plan.

On-Campus Housing Payment Plan

Students may request a monthly payment plan from the campus Housing Office before the beginning of the quarter for which they are enrolled. There is no application fee. Students who would like to request a personalized payment plan to meet their individual needs, such as employment pay schedule, etc., should contact the Campus Housing Office before the payment due date to make arrangements.

8) Complete the Authorization to Release Information- Optional

The Family Education Rights and Privacy Act (FERPA) (20 U.S.C. § 1232g; 34 CFR Part 99) is a federal law protecting student records' privacy and confidentiality. Schools must have written permission to release student record information.

Effective on a student's first day of instruction at UC Santa Cruz, the Financial Aid and Scholarship Office can no longer release information to third parties (including parents) without the student's authorization. If you wish to authorize the UC Santa Cruz Financial Aid and Scholarship Office to disclose information to a designated individual (e.g., parents, siblings, spouse, etc.), you must complete the Authorization to Release Information form via your MyAid Verify account.

Other Important Information

Job Search Strategies

UC students are expected to invest in their education by taking loans and earning part of the funds they need to cover their costs. If you accept a Federal Work-Study offer, you can apply for part-time work-study jobs, but a position is not guaranteed. Check the jobs posted online at the Career Center website where some on-campus jobs are posted as well as some jobs in the local community. Not all campus and off-campus jobs are posted with the Career Center.

Another way to locate on-campus jobs is through networking. Examples include talking to students, staff, and faculty at your college, in your dorm and dining hall, and in academic departments. The Career Center can help you with resume writing and job search strategies.

See Also