New Student Financial Aid Orientation
The information below will provide you an introduction to steps you need to take as a new student.
If you are not receiving financial aid, or if the amount you will be receiving does not cover your tuition balance, you must pay the difference by 4:00 pm on the first day of classes. You may also pay online through QuickPay on your Bannerweb account. We will walk you through how to do this during orientation.
Here is the information on paying tuition.
Disbursements to your Student Account
If you have a Monterey Institute merit scholarship, the scholarship will be applied to your student account after you register for courses.
Your student loans will be credited to your student account if you have completed the entrance counseling online, signed the promissory note(s), submitted the student financial aid handbook page, and the number of credits that you are registered for matches the number of credits you were packaged for.
If the total amount of aid you are to receive (not including federal work study employment) exceeds your charges for tuition and fees, a refund check will be issued by the Business Office for your living expenses. The Financial Aid Office does not distribute any money directly to students. The Cashier will email you when you have a refund check available for pickup. Note: You cannot receive any financial aid prior to the first day of classes.
Registering for classes
The number of credits you register for will affect how much tuition you are billed. This number must match to the number of that we based your financial aid on (based on the application you submitted to financial aid). To be full time, students must register for at least 12 credits. Being waitlisted on a class could impact the release of your financial aid funds. If you take more than sixteen credits during a semester, you may be subject to overload charges.
Here are the steps to registering for classes.
Laptop Request Form
You may request a one timeincrease in your cost of attendance by up to $2000 for the purchase of a laptop. In order to request these funds, you are required to submit this form: Laptop Request Form and documentation requested.
Here are some budgeting tips for all new students, with tips on housing, transportation, and other living expenses.
If you have any questions after reading this document, please contact the Office of Student Financial Planning via email at email@example.com or by phone at 831.647.4119.