Financial Aid Disbursement
Many students have questions about when they will receive their financial aid disbursement. The best way to determine when your disbursement will occur is to regularly review and monitor your account on MySJSU.
Financial aid funds are downloaded to SJSU on Wednesdays. By the end of the day, an entry will appear on your account with the amount(s) awarded. There may be more than one line item depending on how many types of awards you receive.
After all of your outstanding fees are paid, then any remaining credit balance will be disbursed to you via Electronic Refund (Direct Deposit) or paper check. To sign up, see How to Enroll in Direct Deposit (eRefunds) [pdf].
The refund will appear on your account (under Student Center > Account Inquiry > Activity) as Financial Aid Disb and will display the amount of the eRefund that is being sent to you electronically or the amount of the paper check that is being mailed to the address you have on file with SJSU.
Please note that it may take up to three business days for the Direct Deposit (eRefund) to be deposited in your designated bank account, or up to 5-10 days for you to receive the paper check via mail.