Money Matters Presented by the Office of Student Financial Aid Services & Bursar’s Office

Presentation is available online on the Office of the Bursar Website ( :

Discussion Items

Financial Aid Goal Evaluating family’s ability to pay Distributing resources in an equitable manner Providing a balance of gift aid & self-help aid To assist students in paying for college by

What is Financial Aid? Scholarships Departmental Private Institutional Grants Federal Pell TEACH Iraq & Afghanistan Service Institutional State Loans Direct Subsidized Direct Unsubsidized Parent PLUS Private Sources of Aid State Federal Institutional State Private Employment Federal Work Study Institutional Labor

What is Financial Need? TuitionFees Room and Board (students living on campus) Direct Costs BooksTransportation Miscellaneous Indirect Costs

The measure of a family’s financial strength as it relates towards subsidizing an education for one year Determines the types and amounts of aid that students are eligible to receive Calculated based on the information provided on the FAFSA

What is Financial Need? Cost of Attendance (variable) Expected Family Contributions (constant) $24,000 Need (variable) EFC$7,000 $33,000 $17,000 − = $40,000 $8,000 $1,000 EFC$7,000

Net Price Calculator

Who is Eligible? to rece Meet Satisfactory Academic Progress Be enrolled or accepted for enrollment in eligible program of study

How Do I Apply? FAFSA Required for most forms of aid

When Will I Receive My Financial Aid Notification?

In Closing

Fall 2015 Bills are posted online and notifications were sent out June 15 th Due Date: August 1, 2015 Spring 2016 Bills are posted online and notifications are sent out in late November Due Date: January 8, 2016 University Fee Bills

Live Bill- Updated daily with charges Charges are posted from: Residential Life Dining Department Health Services Parking Department

University Fee Bills Waiving Health Insurance – Waiver available June 1 st - September 15 th

Student View

Become an Authorized User Student must give others access to view and pay the bill

Authorized User View

Methods of Payment Electronic Check online Credit Card online (2.75% convenience fee) - VISA, Mastercard, Discover, American Express, JCB, BC Card, DinaCard, and Diner’s Club Mail in a check Pay in person with check/cash 529 Plan Payment Payment Plan $45 enrollment fee, must re-enroll each semester Fall Semester: July 15 th, August 15 th, September 15 th, & October 15 th Spring Semester: December 15 th, January 15 th, February 15 th, & March 15 th

Refunds Refunds are written when: Financial Aid is processed and disbursed Enrollment matches financial aid package Fee bill is paid in full Parent Plus Loan Refunds- Written to whomever took out the loan, and mailed home Direct Deposit for Students!

Late Payments Hold on account Cannot enroll in courses, go to the gym, or request an official transcript Late fees (Up to $150 each semester)

Office of Student Financial Aid Services The Office of the Bursar is open 12 months a year; Monday through Friday, 8am - 5pm. You may contact us by: - Telephone – (860) In Person – On a walk-in basis.

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Q & A