Direct Deposit is the method of disbursements for all student financial aid disbursements (including, grants, loans and scholarships). Direct Deposit means that your financial aid or scholarship refund (the amount after institutional charges are deducted) is deposited directly into your personal checking or savings account at your bank. You can sign up for Direct Deposit on-line at our Student Accounts Services web site. You can enroll in the program or make account number changes to your eRefund (Direct Deposit). If you do not sign up for Direct Deposit, your funds will be held until you provide your banking information. More information about eRefund(Direct Deposit) signup is located on the Direct Deposit FAQ web page.
If you are registered and your aid is available, Financial Aid and Scholarship disbursement begins approximately the Thursday before classes start each semester. Students financial aid is disbursed as students become eligible for disbursements.
During the semester, direct deposit transactions are processed three times per week. Proceeds from Federal Direct Parent Plus loans are not eligible for Direct deposit. Proceeds from these loans will be mailed to the parent at the address they provided on the request for Federal Direct Parent Plus loan form.
If you have a valid email address on your WebPortal account, you will be notified via email each time you receive a Financial Aid/Scholarship disbursement.
Federal Perkins Loan recipients are required to complete and sign legal documents prior to disbursement. The completion of all documents and the signing of the promissory note is online. You will receive email notification from SDSU's billing service, Educational Computer Systems, Inc (ECSI) when your documents are available .Recipients of the University Long Term Loan will be notified by Student Account Services staff when your documents are ready.
Information on this Web site is subject to change without notice. Every effort is made to ensure that information is current and accurate. The statements found on this Web site are for informational purposes only.
This page last updated Jan 12, 2011