1. Financial Aid and Financial Services Orientation

2. Who are we? Financial Aid Located on the ground floor of Main
Complete financial aid awards for incoming and returning students based on federal and state regulations
Certifies student and parent loan applications
Offers financial aid counseling for students

3. Who are we? Financial Services (OFS)
Located on the first floor of Main
Receive payments and answer questions on
Student Account Balance
Monthly Payment Plan
Work Study Payment Agreement
Cash checks
Receive NordiCash deposits
Charge student account based on information provided by other offices

4. ~Financial Services ~Financial Aid ~Student Employment
Who are we?
Who can answer questions about finances?
~Financial Services ~Financial Aid ~Student Employment
We work very closely on administering student finances
Your question may involve more than one office
In general
Financial Aid: Questions about scholarships, grants, and loans
Financial Services: Questions about student accounts and payment plans
Student Employment: Questions about work study

5. my.luther.edu Student Menu

6. luther.edu/financial-services/ home page

7. luther.edu/financial-services/ student information

8. Financial Services financialservices.luther.edu Parent Portal
Forms, Cost, and Payment information
Frequently Asked Questions
Parent Portal
Access is granted to parents or guardians using my.luther.edu (payments, statement of account)
Gives permission for us to speak to your parents
Allows us to send Financial Statement s to your parent

9. Financial Services Monthly Payment Plans (new one each year)
Work Study Payment Agreement (new one each year)
Payment Due Dates
Aug 10 (fall) and Jan 10 (spring)
Debit/credit card & e-check available on my.luther.edu
E-checks payments are FREE
2.5% fee for cards
You will receive monthly s to review your statement of account on my.luther.edu and remit the balance due
Late charges assessed the 10th

10. Financial Services 1098-T’s & W-2’s
Consider choosing the electronic version
Do this on my.luther.edu
Why choose electronic?
parents will be able to access your tax forms
you will get access to them at least a week before the paper copy

11. my.luther.edu Student Menu

12. finaid.luther.edu

13. Financial Aid
Responsible for awarding and maintaining your financial assistance:
Review FAFSA and determine aid eligibility
Collect verification documents
Scholarships
Loans
Work-study
Special circumstances
Must file every year

14. Financial Aid Scholarships Academic
Must make satisfactory academic progress to keep
Endowed
Outside
Must be reported
Turn checks into Financial Aid Office

15. Financial Aid Loans Federal Loans Master Promissory Note
Entrance Counseling
Exit Counseling
Private Loans
Financial Aid Office can assist you in determining amount
Start the application process early! Takes several weeks for the loan process.

16. Financial Aid Work-Study Collect employment forms
W-4 and I-9
Process payroll (time cards/webtime entry)
Don’t forget to turn in your Direct Deposit Form
This is a REAL job
Taxable Income
Check website for job openings
Returning Students – secure job for next year

17. finaid.luther.edu
All Payroll Dates are located at at the bottom of the page

18. Financial Aid FSA User ID Satisfactory Academic Progress (SAP)
Is used on all Department of Ed websites
Satisfactory Academic Progress (SAP)
Must make academic progress to maintain aid eligibility
For more information see Consumer Information page on our website
Remember – Must complete FAFSA each year
Most financial aid awards do have maximum cumulative limits

19. Financial Services & Financial Aid
FERPA (Family Educational Rights & Privacy Act)
Avoid Registration Holds
s are sent to STUDENTS, not parents
If you need help with understanding the s, contact the office that sent the
We are here to help!
addresses

20. Financial Services & Financial Aid
All information presented today is available on our websites, including this presentation
Today’s To-do list
Go to my.luther.edu
Review my documents
Review Statement of Account
Grant Parent Rights to Portal (if applicable)
Be sure to contact us with any questions!