<p>I’m kind of confused right now. If we were eligible for subsidized loans shouldn’t we have to sign some physical contract? If we got a Cal Grant and Berkeley Undergrad Scholarship what happens to that money? Will it be paid directly to the school, or will it be put in our account?</p>
<p>You’re suppose to go through with the loan entrance counseling and in addition, sign any necessary promissory notes. The promissory notes = digital contracts, no physical contracts needed.</p>
<p>Any financial aid listed in your account ie. the stuff you listed, will be sent to your CARS account to pay off your tuition bill/housing etc…</p>
<p>If there is excess from that aid, it will be sent through Electronic Fund Transfer (EFT) into your checking account.</p>
<p>If you’ve done all of that then there is nothing left to do but partaaayy.</p>