If you anticipate having a credit balance during the term, you may be eligible to receive a financial aid advance before the semester begins and before your aid has been disbursed. Advances are 50% of your anticipated credit balance up to $2,000. In order to request and receive an advance electronically, you must:
- be signed up for Direct Deposit Refunds by logging into Self-Service > Financial Account > Transact (previously CASHNet). Refunds and advances distributed through Direct Deposit Refunds are deposited to your bank account with the exception of credits resulting from a Federal Parent PLUS loan in which a paper check must be issued to the parent.
- request an advance through Self-Service > Other Services > External Links > Financial Aid Advance Request or go there directly by clicking here.
Once your advance is processed, you will be notified through your SAIC email address. Second Advances can be accommodated by special request to the Student Financial Services office.