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Financial Aid

Frequently asked questions:

*Last updated 5/5/2020

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  • What was the CARES Act Grant that was disbursed into my financial aid account?

    Current students that applied for FAFSA received an automatic disbursement of $1,000 or $500 on May 4, 2020. This disbursement was part of the CARES Act that was passed in March. CSUSM leadership collaborated with student leaders from ASI to determine allocation for distributing this federal aid.

  • How much should I receive for the CARES Act Grant?

    Based on your FAFSA Estimated Family Contribution (EFC),

    • Full-time students with EFC of $0 - $4000 were granted $1000.
      • $500 for part-time.
    • Full-time students with EFC of more than $4000 and also received aid were granted $500.
      • $250 for part-time.

  • Why didn’t I receive the CARES Act Grant?

    The grant was not disbursed to students who did not receive financial aid. If you filed for FAFSA or eligible to file for FAFSA but didn’t, you can apply for the CARES Act Student Relief Fund on MyCSUSM. It is anticipated that full-time students could be eligible for $300 and part-time students up to $200.

    Other reasons you may not be eligible for the grant is if you are a DACA, undocumented, fully online, or international student. DACA and undocumented students are able to apply for the Student Relief Fund on your MyCSUSM account in the message center.

  • Will I still receive financial aid for Spring, Summer and Fall semesters?

     

    Yes, as long as you applied for FAFSA you will receive the financial aid you are qualified for.

    However, CSUSM is looking to reduce the cost of attendance if all courses are held online. Thus, the aid amount might be reduced.

  • Can I request more financial aid?

    No, you are only awarded for the amount that you are eligible. If you are a dependent student, parents can apply for a parent plus loan. Please contact the financial aid office at finaid@csusm.edu for more information about additional aid you may request.

  • What effect will the CARES Act have on Pell Grant?

    If you had to leave school, the spring term will be excluded from counting toward the Pell Grant duration limit.

  • What happens if I am unable to continue my courses?

     Financially, refunds are not offered for tuition and fees. Academically, any attempted credits that were not completed will not affect your satisfactory academic progress.

     


Financial Aid References:

Resource categories:

 *The College of Business Administration ("CoBA") is providing links to these resources as a public service to students. Reference to any specific resource or entity does not constitute an endorsement or recommendation by CoBA. CoBA assumes no responsibility or liability for any errors or omissions; the information contained is provided on an "as is" basis with no guarantees of completeness, accuracy, usefulness or timeliness.