When will financial aid pay out?

dancefloor
Mon, 16 Aug 2010 13:19:52 +0000

The MyFinAid site is late to update. Sometimes a week late. The Payment Status/Payment History tabs on CARS and MyFinAid don’t really help for what you are looking for. They are either not updated, or show what you paid directly (not what financial aid paid).

The important info for you at this point is knowing what you need to pay. (Since your first CARS bill was due yesterday.)

Go to your BearFacts and click on the CARS tab – then the Quick Statement. As far as getting the most up-to-date info – this is your place. It updates daily. It shows you what needs to be paid by you based on what was not covered by the loans and grants etc. you received.

For example:
I had my Cal Grant A, 740 in UG Scholarship and about 4500 in loans for the whole year.
Halfing all of this (to account only for fall), my aid package was 7772 for this semester. My Quick Statement showed 748 until Friday and 0 as of Sunday (when my loan paid out).

Later – when MyFinAid updates and details what aid has been paid out, you can get a better picture of everything. At this point, it’s not necessarily important though.