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 via your Online Student Account. 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. Click here for directions on how to sign up for an eRefund (Direct Deposit).
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.
It is the policy of San Diego State University to directly apply financial aid and/or scholarship funds to current year registration fees, residence hall charges, and other institutional expenses (including financial aid overpayments) before releasing funds to students. A student may request that their Cal Grant B Access Grant be disbursed directly to them. This request can be made at any time; however, if the grant has already been disbursed, the request would affect only future payments. The request may be made, in person, to the Student Account Services office.
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.