Sci-Arc
Inside SCI-Arc

Financial Aid

FASFA School Code 014073
Apply for Aid Application Process
Prospective Students Award Offers
The Basics Receiving Your Funds

Disbursement of Funds

How are financial aid funds disbursed?
Who can answer further questions about Financial Aid?
When are funds processed?
What delays disbursement of funds?

How are financial aid funds disbursed?

Once the student has accepted the award and returned any required paperwork, SCI-Arc begins preparing financial aid funds for disbursement. All funds in excess of any campus charges, such as registration fees or housing charges are refunded to the student through a check.

Grants
Grant funds are credited directly to a student's University account. If excess funds remain after deducting any outstanding campus charges, a refund will be automatically issued through a check.

Federal Direct Stafford Loans
Federal Direct Stafford Loans are disbursed in two equal amounts, usually at the beginning of the semester – with one disbursement occurring per semester. In order for your Direct Stafford Loan to disburse, you must first have done the following:

    1. Returned all requested documents to the Office of Financial Aid at SCI-Arc.
    2. Accepted the Subsidized/Unsubsidized Loan offer.
    3. Completed the Direct Loan Master Promissory Note (MPN).
    4. Completed the Online Entrance Counseling (first-time borrowers at SCI-Arc only).
    5. Enrolled in the appropriate number of units for half-time status.
    6. Be making Satisfactory Academic Progress on your degree or certificate.
Once all of the above requirements have been met, the loans will disburse and be credited towards any outstanding campus-related charges. If there is any amount remaining from the loan disbursement, a refund will be issued to you in a check.

Federal Work-Study Awards
Students in approved work-study positions are paid bi-weekly for hours worked. The student must submit a time sheet to the employer, Students should discuss specific payroll procedures with their employer.

Scholarships
We must include this funding with your other financial aid award(s). If necessary, we may adjust other awards.

Students who receive scholarships from their high school or community groups should have their funds sent directly to:

SCI-Arc
ATTN: Financial Aid Office
960 E 3rd Street
Los Angeles, CA 90013

SCI-Arc will then disburse the funds directly to the student based on the donor's instructions. All outstanding campus charges must be settled before the funds can be released.

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Who can answer further questions about Financial Aid?

For specific questions about your financial aid visit

Office of Financial Aid
255 S Santa Fe Ave Ste. 103
Los Angeles, CA 90013


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When are funds processed?

In general, funds are disbursed at the start of each semester (last Thursday of the month). It is important that you complete all paperwork and return any requested documents to the Office of Financial Aid prior to the start of the semester to ensure that funds will be available.

Your financial aid refund will be issued through a check. You will need to see the Finance Office to pick up your check directly.

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What delays disbursement of funds?

The following are reasons why the student's funds may not be available on the first day of classes:
  • Missing documents.
  • Not promptly accepting the financial aid award.
  • Not completing a Direct Loan MPN.
  • Not completing the Online Entrance Counseling for Direct Loan borrowers.
  • Not returning your Stafford promissory note.
  • Not making Satisfactory Academic Progress towards your degree or certificate.
  • Being in default on a student loan or owing a repayment to any Title IV financial aid program.

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Contact us at 213.356.5320, admissions@sciarc.edu or use our INQUIRY link.

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