Financial Aid & Scholarships M ney Matters Financial Aid & Scholarships Bursar’s Office Stacey Jackson Leanna Stephenson Amy Mistric Jennifer Hays

Today, you’ll learn: How the financial aid process works What we expect from the students How to use our financial aid planning tool

How this works Student files the FAFSA Financial Aid Office receives FAFSA Student send us info we request (if any) Financial Aid Office mails first-timers award letters (revisions are emailed) Bursar’s Office sends billing statements

How this works Financial Aid Office memo’s (credits) financial aid to accounts Student accepts loans as needed Parent applies for loans as needed Student pays fees/sets up payment plan Financial Aid Office disburses aid Bursar’s Office issues refund checks Students attend class. All of them.

What we expect Let us know of significant changes in income or household size Read and respond to email Read financial aid policies Tell us about outside scholarships & waivers Ask us before you drop a class

Fee Deadline Every student must either make payment arrangements or have enough financial aid to cover fees by 5:00PM August 22nd. Students who do not have arrangements by 5:00PM will be administratively dropped from their classes.

TouchNet Through Banner Self-Service TouchNet offers various options for you to manage payments, refunds, deposits, authorized users etc.

Payment Plan Four Part Payment Plan – each payment is ¼ of the balance due. The first payment will be one fourth of the balance due, plus a $30 deferment fee The 2nd, 3rd and 4th payments are due the 15th of September, October, and November The student has to set up an authorized user if they want the parent to have access to their account

Authorized User Students can set up an authorized user to view account online Authorized Users can have access to… Billing Statement Account Activity Make Payments and Deposits View 1098T statements

Planning Tool COSTS Semester Year (Semester x2)   Semester Year (Semester x2) Estimated 2018-19 Tuition & Fees Housing (living on campus) Meal Plan Total Estimated Billed Costs (C1) Housing (if not living on campus) Food (if not living on campus) Books Transportation Miscellaneous expenses Total Non-Billable Costs (C2) Total Cost of Attendance (C3) [add C1 + C2]

Planning Tool FINANCIAL AID GIFT AID Semester Year Pell TSAC Grant   TSAC Grant Tennessee Lottery Scholarship Lottery Aspire Lottery Merit Total Estimated GIFT Aid (G1)

Planning Tool Stafford Loans Parent PLUS Loan Total Loans   Parent PLUS Loan Total Loans (L1) Total Estimated Financial Aid (FA1) [G1 plus L1] Your NET Cost After Gift Aid (NC1) [C3 minus G1] Your NET Cost After Gift Aid AND Loans [C3 minus FA1]

Planning Tool Total Billed BILLING Total Billed (C1)   Total Estimated Financial Aid, with Student Loans (FA1) Amount Owed to UTM (negative number indicates a refund) (B1) [C1 minus FA1]

Planning Tool PAYING YOUR BILL Amount Due Date 1ST payment (add $30) UT Martin offers a 4-part payment plan, which includes an additional fee of $30, included in your first payment. Payments = B1  4 Amount Due Date 1ST payment (add $30)    8-22-18 5:oo pm 2nd payment  9-15-18 5:oo pm 3rd payment 10-15-18 5:oo pm  4th payment 11-15-18

Book & Computer Advances Excess Financial Aid funds can be placed on Skyhawk Card to use at UTM Bookstore and Computer Store No interest or fees Book Loan Up to $750 Can obtain estimate from UTM Bookstore to increase amount Computer Loan Up to $1,250 Can obtain estimate from UTM Computer Store to increase amount

Tuition & Billing (Current Rates: Fall 2018 rates will be released in July) How can I tell if a class is online? 1st bill for Fall will be sent about the last week of July

How to Make Skyhawk Card Deposits On the Web Banner/Online Payments & Deposits/Deposits Tab Bursar Office Customer Service Window Monday thru Friday, 8:00 am – 4:45 pm (Cash or Check Only) Valu-Ports Paul Meek Library & the University Center (Cash only) Funds you deposit to the Skyhawk Silver Account will carry over from semester to semester. For details, go to www.utm.edu/skyhawkcard

Veteran’s Affairs The University of Tennessee at Martin is dedicated to assisting Veterans, Active-Duty service members, National Guard and Reservists and eligible military families in achieving their educational and professional goals. Website: www.utm.edu/departments/veteranaffairs/index.php For additional information about applying for benefits, go to: www.gibill.va.gov

Helpful info How do I buy my books? Why is my Lottery Scholarship not on my awards? Understanding student loans

Resources for you www.utm.edu/bursar for: www.utm.edu/bursarhelp for: Tuition and Fees Forms Who Do We Contact Frequently Asked Questions www.utm.edu/bursarhelp for: Tips and How to Steps www.utm.edu/finaid for: Scholarships Lottery info Links to FAFSA, Federal Student Aid, TSAC, & more!

Questions

Contact Us Financial Aid & Scholarships 205 Administration Building Open Mon – Fri, 8 am – 5 pm Phone: 731.881.7040/Fax: 731.881.7036 faquestions@utm.edu