CBS Financial Aid Orientation

Staff Roshanna Hardison, Director of Financial Aid Kimberley Fleming,Financial Aid Advisor Kimberley Sha Toi Newell. Financial Aid Advisor Sulema Cortez, Financial Aid Associate Services Financial aid awarding Federal aid and Institutional Aid Office Hours Monday, Tuesday, Thursday 8:30am-7:30pm Wednesday 8:30-6:00 pm Phone: Financial Aid Office

 If you have any questions related to you student account bill please contact Alberto Salazar   You can also Student Accounts Billing

 Financial aid consists of funds provided to students and families to help pay for postsecondary educational expenses Sources  Federal government  Veteran’s Affairs  States  Private sources  Civic organizations and churches  Employers What is Financial Aid?

 Web site:  Can apply every January 1 st for the upcoming award yr FAFSA becomes available on January 1, 2014  Sign FAFSA electronically with pin  May be used by students and parents throughout aid process, including subsequent school years  You will need to use CBS school code: FAFSA on the Web

Federal aid  Have a high school diploma or equivalent or GED  Be admitted in the Bachelors or Associates Degree Program  Be a US citizen or eligible non-citizen  Not be in default on any federal student loan, or owe money on federal student grant Institutional aid  All of the above  Awarded based on meeting SAP  Can also receive if in Bible Certificate Program Eligibility for Financial Aid

1. Institutional Student Information Record (ISIR) sent to colleges listed on FAFSA approximately 7 to 10 days after FAFSA submitted 2. College reviews ISIR -May request additional documentation, such as copies of federal tax transcript. 4-6 weeks processing time. Special Circumstances  Cannot report on FAFSA  Contact you Financial Aid Advisor to discuss  Special Circumstances are approved by the Director Of Financial Aid Only FAFSA Processing Results

Types of Financial Aid at CBS Pell Grant & Scholarships  Does not have to be paid back  Awarded based on need and enrollment  CBS scholarships and Pell Grant awarded based on meeting SAP standards and enrollment Loans  Loans are money you pay back  Repayment usually begins after education is finished  You must be en rolled at least half time ( 6 credit Hours )  You must not be in default

CBS Online Application and Accepting Awards

Acceptance of Awards

Student Billing (myrecords.cbshouston.edu)

Student Billing (cont.)

Disbursements and Refunds After your fees and any other charges on your CBS student account are paid, any remaining financial aid will be refunded to you by check in the mail. All Refunds are disbursed after Census Date days from the time of class start Generally, if your financial aid has disbursed aid onto your student account and a credit is created, you can expect to receive a refund approximately 5-14 business days later.

Enrollment  Go to myrecords.cbshouston.edu  Log in  Go to “Billing” tab  Click on “Make a payment/payment plan” Requirements  Automatic bank payment (ACH)  Credit/debit card  $25 per semester nonrefundable enrollment fee  $30 returned payment fee  No minimum balance to participate Advantages  Easy online enrollment  Monthly payment plan  Flexible payment options  No interest Payment Plans

Book Allowance CBS offers book allowances maximum of $300 Eligibility Requirements : Must be Pell eligible and have a credit balance. This will include all FSA funds Example Student loans ) All financial aid documents must be completed and ready for disbursement 10 days prior to the first start of class Book allowances are mailed out starting the first week of class

Book Allowance CBS offers book allowances maximum of $300 Eligibility Requirements : Must be Pell eligible and have a credit balance. This will include all FSA funds Example Student loans ) All financial aid documents must be completed and ready for disbursement 10 days prior to the first start of class Book allowances are mailed out starting the first week of class

Student Responsibilities: PAY ATTENTION TO S!!! Always refer to Financial Aid for questions about your financial aid. For questions about your Payment plan and billing account contact Alberto Salazar You MUST accept your awards in order for aid to be disbursed 1.Loans may be cancelled if not accepted within 30 days Notify of any enrollment changes (Add/Drop) CBS reserves the right to correct any errors made on financial aid awards Please be sure your address of record is current Maintain SAP (GPA and Completion ratio) 1.Grades of F, W, WA, and I are not considered as satisfactory completion. 2.Warning, suspension, probation

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