1. Office of Financial Education Keith Hamburg Senior Financial Coach

2. Our Mission We are committed to aiding and educating students to ensure that they understand and develop solid financial habits, by empowering them to make wise financial decisions while attending school and beyond. Services Include: Budgeting, Savings, Loans, Scholarships, Credit, Salary Negotiations, Retirement and Investments

3. Roadmap to Financial Success  Know How Much You Owe  Create A Budget  Find Alternatives Ways To Pay  Start Career Planning Now  Prospective Income  Salary & Benefits  Set-up Savings, Investment and Retirement Plans For Your Future

4. Importance of Obtaining Your Degree

5. MSU Cost of Attendance Resident CategorySemesterAcademic Year Tuition/Fees$3,425$6,850 Room/Board$8,650 Books/Supplie s $625$1,250 Total$8,215$16750

6. Sources of Income  Federal Grants  Student Loans  Scholarships  Earned Income  Savings  Family - University Stipend

7. Apply for FAFSA Apply at fafsa.ed.gov Prior, Prior - apply for 2017-18 FAFSA (using taxes from 2014 or 2015) after October 1 st, priority deadline December 1 st

8. Students Loans Create an FSA ID –Login to NSLDS.ed.gov Budget loan refunds Make payments now! –Interest payments are tax deductible

9. Types of Student Loans Subsidized Unsubsidized Perkins Parent PLUS Private

10. More Options for Income Start scholarship searching o Check out Montana University System, mus.edu o Ask your department for scholarships Start job searching o Visit hireabobcat.com to start searching for student employment, internships, and full-time employment. MESA Program-MSU Matched Education Savings Account Program o For every $1 saved, MESA matches it with $3. Save up to $500 for the max match of $1,500

11. Tuition Assistance AT&T Coca-Cola FedEx Gap Home Depot John Deere Staples UPS Verizon Wells Fargo

12. How to help your clients EVERY Student can receive Un-sub at the very least! Apply for FAFSA for that & scholarships possibilities EFC—Expected Family Contribution DOE software determines thru the FAFSA application Can be manually done at FA-Financial Aid

13. EFC/Special Conditions If you don’t agree with the award or the award estimate (This year with 12-1-16 deadline & Pell & BOR won’t know till March 2017) you can complete a special conditions form at FA Your income is greatest factor in calculating EFC—But savings also goes towards EFC— Examples? Students $10K—worse cause no expectation of mortgage, car payment, etc.

14. EFC/Special Conditions Inheritance treated just like parents savings for FAFSA DOE says student is a “dependent student” if they aren’t 24 years old, married, have (and support) a child, where emancipated or served on active duty Not Claiming a child on your taxes does not make them an independent for DOE/FAFSA

15. Questions from clients? Special conditions is change in income at the time of attending college. For each state there is/could be a priority deadline for FAFSA in Montana it’s now December 1 st. This gives the best chance for Pell, Work-study and “best” loans ?’s on interest rates of federal loans??

16. Thank You Questions? Make an appointment to see us! Location: Sub 152 994.4388 Keith.hamburg @montana.edu