Receiving Aid

Financial Aid Disbursements

All students have a UC Merced student account where all charges and credits appear. Almost all financial aid is disbursed to students’ UC Merced student accounts. Before your aid is able to disburse you must:

* Accept your aid after June 1st
* Complete all outstanding Financial Aid Requirements
* Enroll full-time unless in an approved part-time program

How Do I Pay My Fees?

*"MyBill" is the primary electronic payment collection site for the University of California, Merced. Monthly billing statements as well as a real-time look at your UC Merced account is available on the MyBill website.
* Financial aid disbursements will appear as a credit on your UC Merced student account no sooner than 10 days prior to the beginning of the first day of the term and will apply towards any outstanding eligible charges including fees.
* If your financial aid does not cover the amount of your fees or is not disbursed before the fee payment deadline, you are responsible for paying your fees on time.
* If fees are not paid by the applicable fee deadline, you will be charged a late fee and may be administratively withdrawn from courses.

Financial Aid Refunds

How Do I Get My Money?

* After your fess and any other charges on your UC Merced student account are paid, any remaining financial aid will be refunded to you.
*Generally, if financial aid has disbursed aid onto your student account and a credit is created, you can expect to receive a refund approximately 5-7 business days later.
* Refund checks are available for pick up at the Campus Cashier's Office or directly deposited via Electronic Funds Transfer (EFT) into your personal bank account if you signed up for the EFT process. For more information contact Student Business Services.

* If you change or close your bank account, you must update the information by updating your information with Student Business Services
* Failure to update your bank account information will cause a delay in your disbursement.
* You will receive a notification on your UCM e-mail account prior to the transfer of funds to your bank.

Don’t Forget

In order to receive your financial aid you must:

Complete the items noted on My Checklist located in the MyUCMerced Portal.
* Accept financial aid awards after June 1st in the "MyFinancialAid" section
* Meet the policies and conditions for receiving aid
* Register in at least 12 units unless in an approved part-time program

Note: If you withdraw or drop below full-time you should contact our office to discuss how your financial aid will be impacted.