Student Billing AND FINANCIAL AID Fall 2017 Student Billing AND FINANCIAL AID

Overview E billing Communications Authorized Users Student Accounts Online Payment Plans Web Privacy Policy Health Insurance FAQ’s Cost of Attendance Financial Aid Process Financial Aid Award Letters Financial Aid Programs Important Dates Contact Information

E-Billing No Paper Bills https://portal.vsc.edu/ -Web Services Updated on/around the 1st and 15th of each month. Current Activity between those dates Notifications to student through LSC email Student to set up authorized users who can gain access to Bill Payment Site (TouchNet) Student to set up E-Refund Account. If no E-Refund set up the refunds will be mailed to the address we have on file.

Student Accounts –Communications Account is the responsibility of the student Any communication is sent to student first via: LSC email LSC Campus mailbox Portal Announcements Website (https://LyndonState.edu/StudentAccounts) Last resort: Letter to home/permanent address Student to set up FERPA waiver Student to Create Access Code

Authorized Users View Statement View Current Activity Make a payment Set up a payment plan Save a payment method

Student Accounts Financial Clearance Date August 14, 2017 Paid in full (Cash, Check, Credit Card) Financial aid in forms of Grants, Approved Loans, and Outside Scholarships VSC Online Payment Plan Combination of the three

Fall 2017 VSC Online Payment Plans Available July 1st , 2017 Plan Options: 5 Month Plan: July - November 4 Month Plan: August - November 3 Month Plan: September - November **There is a $30.00 enrollment fee per semester due at the time of setup along with the first payment **There is a $15.00 late payment fee for payments not received or made by the 15th of each month

VSC Web Privacy statement The Vermont State Colleges (VSC) respects the right to privacy of every individual using our systems. We will not sell or otherwise commercially disclose the private information of any user (name, address, phone numbers, email addresses, etc). All information collected will be used for internal and legitimate VSC business purposes only.

Health Insurance VSC Policy states all students registered at full-time status have to have insurance coverage Every full-time student is automatically billed for VSC Health Insurance ($2328, billed in Fall Semester) If student has alternative Health Insurance, they must go online to Web Services to waive insurance with current insurance policy number. Last day to waive insurance is September 15, 2017. Charge will not be removed until waiver is completed. Fee is non-refundable after 9/15/17 and non-negotiable Sending this information to Health Services does not satisfy this requirement. Those are medical records to which Student Services does not have access

FAQ’s Can other Authorized users view my banking information? – No, students and authorized users cannot see each other’s payment methods. Can authorized user sign up for e-Refunds? – No, only the student can sign up. If the refund belongs to a parent or another individual paying on the student’s behalf, the student is responsible to disburse the funds appropriately. Can my e-Refund go to multiple accounts? – No, refunds can only be applied to one bank account.

FALL 2017 Cost of Attendance (financial aid budget) Budget Items In State Out of State Tuition $10,632 $22,800 Required Fees (Orientation, Student Activity, Capital Development) $1,433 Double Room $6,128 Full Meal Plan $4,162 Books/Supplies $1,000 Personal Expenses $700 Transportation Average Course Fees $200 Total $25,255 $37,423

Financial aid process Apply for State Grants Submit a FAFSA (Free Application for Federal Student Aid) File on the Web: www.fafsa.gov annually, beginning October 1 Lyndon’s school code is 003689 Create FSA ID for student and one parent Apply for State Grants Apply for LSC grants and scholarships Apply for local scholarships or use a scholarship search: www.FinAid.org & www.fastweb.com www.VSAC.org for Vermont Students www.nhcf.org for New Hampshire residents

Financial aid award letters Awards to New Fall Students begins in late November. Tentative awards Selected for Verification Signed Federal 2015 Tax Return, Tax Return Transcript and when available again, use Data Retrieval Tool (DRT) on FAFSA ) Verification Forms Final award

Financial aid programs A. Grant & Scholarship Programs LSC Grants & Scholarships Federal Pell Grants Federal SEOG Grants State Grants (MA, ME, PA, VSAC*) *requires separate application Federal Work Study Program

Financial aid programs…continued Loan Programs Federal Perkins Loan (5% interest, Lyndon is the lender and ECSI is our Servicer. Under current federal regulations, Federal Perkins loan is scheduled to end 9/30/2017.) Federal Direct Subsidized Loan (4.45% fixed interest) Federal Direct Unsubsidized Loan (4.45% fixed interest) Federal Direct Plus Loan for Parents (PLUS) (7.00% fixed interest) Requires Credit Check Deferment for Parent borrower available on Application Direct Loan Servicer at 1-800-848-0979

Financial aid programs…continued… Direct Loan Borrowers go to: www.StudentLoans.gov Students complete Direct Loan Entrance Counseling Parent PLUS borrower completes PLUS Application Student borrowers & Parent PLUS borrowers complete a Master Promissory Note Alternative/Private Loans (student is the borrower, interest rates vary, co-signer required) Compare on the web: www.FinAid.org or www.SimpleTuition.com

important dates for financial aid & billing FALL 2017 February 15 FAFSA deadline for full aid consideration. August 14 Financial Clearance Date August 14 Last day to sign up for a payment plan and be financially clear August 15 First $100.00 late fee assessed September 5 Last day to change meal plan September 5 Last day to withdraw and receive 100% credit September 12 Last day to drop a class and affect course load and billing September 15 Last day to waive health insurance ($2328.00 charge)

Student Services Center Contact information Student Services Center Located in Vail 348 Phone: 802-626-6396 Office Hours: 8:30am – 4:30pm Monday – Thursday 9:00am – 4:00pm Friday Summer and Winter Break hours: 9:00am – 4:00pm Email: studentaccounts@lyndonstate.edu LSCFinancialAid@lyndonstate.edu Web: http://LyndonState.edu/StudentAccounts http://lyndonstate.edu/admissions-aid/financial-aid- scholarships/