New Student Financial Aid Orientation
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. Charges will not appear on your student account until you register for classes. New Students will register during orientation.
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 also 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) 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 your financial aid refund check prior to the first day of classes.
You can elect to receive your refund by signing up for Direct Deposit. Click here for more information.
Students who pay the comprehensive fee are entitled to take between 11-16 credits in a given semester. Students who wish to take more credits may either: 1. pay for the additional credit at the current per-credit rate, or 2. defer the overload credits to a subsequent semester in which they pay full-time tuition and take fewer than 16 credits. Students who defer overload charges without an equivalent underload in a subsequent semester will be required to pay the current per-credit rate for the overload credits remaining when they register for their final semester.
Laptop Request Form
You may request a one time increase in your cost of attendance by up to $2,000 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 firstname.lastname@example.org or by phone at 831.647.4119.