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California State University, Long Beach

When Is Financial Aid Released

For the majority of students enrolled in classes, ACCEPTED financial aid will automatically be credited to student bills 10 days prior to the start of classes – each semester.  Exceptions include the following:

  • Study Abroad programs with a start date later than CSULB (aid is released on your program start date)
  • CCPE degree programs with a modular structure (aid will be released on the day your enrollment reaches half-time status – typically when your 2nd class begins)

Pending Financial Aid

Registration fees are typically due prior to when financial aid can be released; as a result, your financial aid will show as “Pending Financial Aid” and will defer payment of your fees until your aid can be released. Your pending financial aid is the amount of aid CSULB expects to credit to your student account; it is displayed on MyCSULB (and your bill) so that you can see how much aid is anticipated and how much you will need to pay toward your account balance.

Release of Financial Aid Awards (Disbursement):

In order to have your financial aid released (or disbursed for payment of university – related charges), there are a few steps you need to take:

All funds are released to Student Financial Services – and applied toward any outstanding university-related charges (including any installment plans). The primary (or first) possible date funds can be released (grants, loans, and CSULB scholarship aid) is 10 days prior to the first day of classes – each semester.

Semester First Possible Release of Funds
(Grant, Loan, CSULB Scholarship Aid)
Fall 2014 August 15, 2014
Spring 2015 January 10, 2015

After the above dates, financial aid is released on a nightly basis throughout each semester.

Federal Work-study, Perkins Loans, Private loans, and Scholarship aid from non-CSULB sources follow a different schedule:

Award Type Disbursement Requirements
Federal Work-Study Award amount must be “earned.”  Disbursement depends upon hours worked, and follows the CSULB payroll calendar
Perkins Loan Release of funds occurs after the end of the add/drop period (or “Census”) – each semester (typically during the 6th week of classes).
Non-CSULB Scholarships Release of funds is dependent upon the when the scholarship funds are received from the funding agency. Once funds have been received at CSULB, they will be prepared for release (will not occur prior to the “primary” release date each semester)
Private Loans Release of funds is dependent upon the when the loan funds are received at CSULB from the lender. Once funds have been received at CSULB, they will be prepared for release (will not occur prior to the “primary” release date each semester).

What Delays Release of Funds

Release of your financial aid funds is contingent on your financial aid file status AND your enrollment. If your file is not complete in time for the first possible release of funds – we will release your awards once your file has been completed (and reviewed), all items on your To-Do list have been cleared, and you have registered for your classes (half-time status is required for financial aid to disburse).

The following are examples of reasons your financial aid funds may not be disbursed as scheduled:

NOTE: Wait-listed classes do not count in your enrollment status for disbursement of financial aid. Once your enrollment in a class is “Official,” the class will factor into your enrolled units for financial aid purposes.

Receiving Your Money:

Once your financial aid has been applied toward any outstanding charges (including installment plans), any remaining portion will be issued as a Financial Aid Disbursement (refund). CSULB financial aid disbursements are issued via direct deposit through the university’s eRefund process. Review the eRefund Guide for instructions on signing up for eRefund.

NOTE: It takes up to 3 business days from the date your financial aid is released to Student Financial Services for the remaining money (your financial aid disbursement) to show in your bank account.