Disbursing Your Aid For Fall 2018
With the exception of Federal Work-Study funds which are earned over the course of the semester, financial aid is disbursed directly to student accounts in two installments prior to the start of each semester.
On July 11th, the Student Accounts Office will begin sending first billing statements for the Fall 2018 semester. If your financial aid award has been finalized and you are packaged with a Scripps College Grant or Scholarship, we will automatically disburse your Scripps College Grants and/or Scripps College Scholarships to your student account. In order to credit your Scripps College Grants and Scholarships to your student account, you must have already completed and submitted all required documents. When you receive your bill for Fall 2018, you should see these awards as credits on your student account.
For the Fall 2018 semester, the scheduled disbursement date for federal and state aid is Monday, August 27, 2018.
These funds should credit to your student account on that day.
Federal Pell Grant,
Federal SEOG Grant,
Cal Grant A or B, or
Federal Direct Loans (Subsidized, Unsubsidized or Parent PLUS Loans)
Because we cannot disburse federal and state aid until August 27th, the sum of those accepted awards will display as “Expected Aid/Loans” in the Calculation of Amount Due section on the bottom of your first bill.
WHAT YOU SHOULD DO
Check Your Documents: To ensure that all of your aid credits to you student account on time, visit your My Financial Aid Portal and click on the Documents page in the menu. Please make sure that you have submitted all required documents.
First-time borrowers of Federal Direct Loans must complete a Master Promissory Note (MPN) and Direct Loan Entrance Counseling before we can disburse your loan. If you have not already done so, you can complete both of these items by logging into studentloans.gov, using your FSA ID and password. If you are borrowing a Scripps College Loan, don’t forget to submit the required paperwork directly to our office.
Accept Your Awards: Also, while in your My Financial Aid Portal, click on the Accept Awards page in the menu to accept or decline your awards. If you have declined an award, we will not attempt to disburse it to your account. If you wish to borrow a loan for an amount less than the amount included in your package, you can specify the amount you wish to borrow there.
WHAT YOU SHOULD KNOW
Book Stipend checks are generally issued three weeks before the start of class each semester and placed in students campus mailboxes. If you are awarded a Book Stipend as part of your financial aid award and you are participating in a SAGE program, your Book Stipend check will be mailed to your home address.
Federal Work-Study funds will not be appear on your student account and will students should not anticipate using work-study funds to pay their tuition bill. Work-study funds must be earned over the course of the semester. You are only paid for the hours you work. You are not required to earn the amount of your award and there is no penalty if you earn less. These funds are generally used to pay personal expenses during the course of the academic year.
If the total amount of financial aid exceeds the charges on your student account, you may request an e-refund via the Student Accounts Office CASHNet website. E-refunds are available on or after the first day of class each semester. Funds transferred to your bank account via the e-refund process are generally available in 1-2 business days.