Posting Financial Aid to eBill - After a student's financial aid award has been accepted and signed, the award package is posted as a credit in the student's eBill account. However, it is important to note that if all requested verification and other documents have not been submitted as requested by the Financial Aid Office the award package will not be credited. The result of this would be as if the student did not have any financial aid awarded and the student would be responsible for paying any outstanding charges on the eBill account. Failure to pay, may result in cancellation of classes and housing.

Disbursing Financial Aid - None of the student's financial aid award will be disbursed until funds from the contributing sources have been paid to the university. Disbursal (or payment) of funds in the student's account usually takes place the second week of the semester.

         

Actual Disbursement of financial aid does not commence until the third week of each semester, and only after all financial aid requirements are met.

All grants, scholarships, and loans awarded are posted directly to your CCSU bill as credits. Parent Plus loans are not, but may be when the financial aid office receives a signed promissory note and approval notice from the lender.

 

Grants

Students who have accepted grants can expect disbursement to begin about the third week of the semester.

Loans

All first time borrowers and transfer students of federal direct Stafford loans must complete an entrance counseling interview and master promissory note on line at  www.ccsu.edu/finaid .In addition, all Perkins loan borrowers must complete a master promissory note, an entrance counseling interview, and a test at the financial aid office. Federal and state originated loan funds are transferred by electronic processing. Disbursement may begin upon receipt of the funds from the lender.

Students are responsible for paying any CCSU billings when due, even though financial aid may be approved at a later time. Only Financial Aid awarded and accepted by the student will be posted as a credit to the student's CCSU billing account to offset any direct cost charges; i.e., tuition, fees, and room and board if residing in an on-campus residence hall.

 

Failure to complete any requirements on a timely basis may result in the student's aid not being posted against the bill. University policy states unpaid bills may result in registration and residence hall cancellations in addition to late fees being assessed.