So after you complete your fafsa, financial aid will send you a letter to your address with your financial aid package. I got a total of 50k in loans and no scholarships/grants. There's a form in the letter that asks you to either accept or decline your loans. Sign that and submit it to financial aid. The cost at downstate is approx 68k so you can request an increase in loans to cover any gaps you feel are present.
Then financial aid forwards the amount of money you accepted in loans to the bursar. The bursar will use money towards tuition and fees. The rest of the money is given to you as a check.
Hope this helps!
Thanks for confirming! I was primarily concerned with when the remaining portion gets distributed, hopefully not too late into the semester! Anyone else suddenly starting to panic about how to make the money last all year after tuition is taken out?
