ORIENTATION Financing Your Future Student Financial Services 2016

ORIENTATION How Much Does it Cost to Attend UCM? Tuition and Fees: $7,321 Based on 30 on-campus credit hours ($13,767 for non-residents) Books and Supplies: $1000 Housing: $5,290 for a double room Meal Plan: $3,030 Total $16,641 for Missouri Residents ($23,087 for Non-Residents)

ORIENTATION Direct and Indirect Costs Direct Tuition and fees Room and Board Books (if you buy them at UCM) Indirect (part of the Financial Aid budget but not paid to UCM): Travel expenses Loan fees

ORIENTATION Financial Aid Process You can still apply for federal aid Free Application for Federal Student Aid – UCM FAFSA code is FAFSA – Available in October of 2016 – Use 2015 tax forms

ORIENTATION Scholarships and Grants – Federal and state grants are already on your account if you qualify – Outside scholarships are the student’s responsibility Loans – Stafford – PLUS loans or Private/Alternative Loans Work Study Types of Financial Aid

ORIENTATION Stafford loans – FAFSA is application – Must do Master Promissory Note (MPN) and Entrance Loan Counseling if you accept – Interest rates: Stafford=3.76% Parent PLUS and Private/Alternative – Separate credit check/application for both types – Must do MPN for PLUS – PLUS interest is 6.31%, private may vary Loans

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How Can I See My Financial Aid? By and mail – Most correspondence is via UCM account MyCentral portal – Student only access with 700# – Reset of password via our help desk (24/7 service) Other FAQs are on

ORIENTATION What if I haven’t seen our aid yet? We haven’t received your FAFSA FAFSA is rejected – Most common issues are signatures, selective service or missing information Verification has not been completed Check status via MyCentral

ORIENTATION Student Schedule and Bill Available the week of July 25, 2016 Statement includes – Class fees/tuition – Housing/meal charges – Books/Parking Permit (if charged to student account) – Financial Aid credits/*pending Bills available online in the UCM Payment Center – mycentral.ucmo.edu

ORIENTATION Your Account Balance at a Glance

ORIENTATION Online Billing Review your bill Make single immediate payment Schedule future payments Set up personal profile and authorized users Set up text alerts Students will receive only one paper bill per semester

ORIENTATION Your Account Balance at a Glance

ORIENTATION Payment Center = Billing Statement Monthly Billing e- Statement Line Item Activity Details Make or schedule a payment Set up a bank account for direct deposit Authorize another to view the Payment Center And more…

ORIENTATION Pop up blocker off Choose statement date Click “Select” button Pop up blocker off Choose statement date Click “Select” button TSC (660) 543- HELP

ORIENTATION Payment Center = Billing Statement Aid in “Memo” status will not be deducted from the balance; the student must follow up to get it moved to authorized status. Authorized aid will be deducted from the balance; it is ready to pay (disburse) according to schedule.

ORIENTATION eStatements Tab – Bill Related Information Charges or credits since statement was last generated: View itemized activity

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Other Assistance 529 College Savings Plan Third party bill payment: Employer paid plan VA Benefits Vocational Rehabilitation Work Force Development UCM payment plan

ORIENTATION Fall Example Undergraduate tuition Room Meal plan Textbooks TOTAL Scholarship College Savings Plan Subsidized Stafford Loan Balance for Payment Plan $ $1000 -$2000 -$1750 $

ORIENTATION Payment Plan There is no paperwork to sign; all students are automatically on a payment plan when charges begin accruing on their student accounts. If financial aid (defined as grants/scholarships/loans) does not pay the balance in full, payment of at least 20% is due each month. For the convenience of making monthly payments, a 1.5% additional processing fee will be charged toward the unpaid balance beginning with the third monthly installment. Formula: Total Due – financial aid = balance due Balance due ÷ 5 payments (3 for summer) = amount of 1 st payment Remaining original balance due + additional charges since first payment ÷ 4 (# of payments remaining) = amount of 2 nd payment Remaining balance due + additional charges x 1.5% ÷ 3 = amount of 3 rd payment, and so on for 4 th and final payments

ORIENTATION Additional Video Resources Available: How to set up billing statement text alerts How to accept financial aid (and follow up to receive) Establish a direct deposit account for refunds How to set up a payment plan How to make payments online

ORIENTATION Prevent a Student Hold! All students are required to read and acknowledge the Financial Agreement in MyCentral on the UCM Home tab Check & Submit

ORIENTATION Anyone with a valid UCM ID card can choose to use it as a debit card on campus – Central Cash – Bookstore – Meal points and meal plans Access to the following – Library card – Home sporting events – SGA Voting – Planner-Handbook distribution Not required to get your FA refund! Central One Card

ORIENTATION SFS is OPEN! Move in day Student Financial Services will be open from 5-8 Thursday, August 11! Ward Edwards 1100

ORIENTATION Located in Ward Edwards Room 1100 Hours are 8-5 Monday-Friday during the school year and 7:30-4:30 in the summer Phone or SAY-UCMO – Fax Other services – Budgeting assistance – Financial literacy – Notary Contact SFS