You do NOT NEED TO calculate the amount of your cash advance or refund; the calculation is done by our office. However, for personal planning purposes, calculating your cash advance or refund is an extremely valuable budgeting tool and we encourage you to undertake this exercise.
To calculate the amount of your cash advance check for either semester, subtract all of your charges for the year (tuition, health fees, dormitory and loan fees) from all of your financial aid credits (grants, loans, or outside scholarships). Do not include any payments at this time. Divide the resulting number by two, and then add in any payments you have made. This calculation will result in either a positive or negative number. If you calculate a positive number, assuming you have accounted for everything properly, the result will be the amount of your cash advance for the semester. If you calculate a negative number, you do not have enough financial aid credits to make you eligible for a cash advance. Instead, this negative number is what you need to pay to your student account.
Please note that your first and second semester cash advance could be different, depending on other credits and charges that you incur during the academic year.
You can download our Cash Advance Calculation 2018 Worksheet to help you calculate the amount of your personal cash advance check. This worksheet is intended to be used as a guide in determining a reasonably good estimate of the amount of your cash advance check. However, there are many variables that could potentially affect the final amount of your advance check. We cannot guarantee that the echeck you actually receive will always exactly match your calculation. While we have tried to take as many variables into account as possible when designing the worksheet, it will not be exact in every individual case. In addition to helping you calculate your own cash advance, we have prepared a few Sample Cash Advance Calculations to illustrate this calculation process.