… (Aid that you must pay back) … A caution about student loans – It takes time for a loan application to be processed by the school, lender, and/or the U.S. Department of Education. Student loan funds are delivered to the student after enrollment and … your award will be held in reserve for up to three years until you transfer to a bachelor’s degree program. Cal Grant B Provides subsistence payments for new recipients in the amount of $1,648 for a full-time, full year award. Payments are … when you Register on the Program online portal. $50 deposit in your CalKIDS account when you link a new or existing ScholarShare 529 college savings account to your CalKids account. Low-income Public-School Students, 1st–12th Grade …