1. STUDENT FINANCIAL LITERACY BURSAR/STUDENT ACCOUNTS
BWG Presentation - 19/20

2. Where We Are Located & What We Do
Where 2nd floor of the Administration Building (next to Stony Bones)
Student Accounts Office
Post charges to your student account
Process Residency appeals
Issue invoices
Bursar’s Office
Process Payments
Issue “refund” checks

3. Tuition & Fees + Room & Board
In-State Undergraduate
Tuition & Fees $5,087.40
Room & Board $6,925.00
TOTAL: $12,012.40
Out of State Undergraduate
Tuition & Fees $13,922.40
TOTAL: $20,847.40
47% of College Students feel unprepared to manage their money *2019 Everfi Money Matters on Campus Report

4. Stony Brook’s undergraduate in-state tuition & fees are the lowest among public research universities in the Northeast
Source: IPEDS Data Center

5. This Is Your Student Account
You are creating a financial contract with the University
Regardless of who pays, you are responsible for your invoice
Bills are sent to in early July. Due August 15. NO PAPER BILLS
You can create delegated user accounts for family members

6. This Is Your Student Account
Messages and reminders are sent to your SOLAR account
These messages contain brief instructions or information about your holds
”Refunds” are sent to the bank account or address you designate
This is done through your SOLAR page under the Campus Financials section

7. This Is Your Student Account
We want to help you focus on your degree and worry less about the cost
The first steps start with you and your family.
Click “Share My Information”
Financial concerns is a common distraction for students and can be the reason a student has an break in their enrollment. We want to be able to focus on your degree. The first step is to talk about paying for college with your family. If you want me and my office to talk to your family too then you need to make them delegated users. I cannot legally discuss the details of your student account unless you go to your Solar account and click “share my information” and follow the steps. You can create up to 10 delegated users and they do not need to be a relative, they can be anyone you like. This gives them access to your student financial and ONLY uour student financials. This does not give anyone access to your grades, classes, health center information, only the money.

8. Paying For College Sit down and talk about money Complete the FAFSA
With a family member, with a mentor, with a friend
Complete the FAFSA
Check your ToDo List
Create a plan for each semester
Costs can increase each year
Look for scholarship opportunities
Will your schedule permit a part time job?
On campus jobs go quickly, you need to make this a priority

9. Where You Should Look For Answers
Social Media?
Money Smarts Seawolves
An entire program dedicated to your financial literacy
Staff Members who work in the office related to your question
You have a right to understand the answers given
Elevate your question if needed

10. Where You Should Look For Answers
You Belong Here
Always Be Your Own Advocate
Get Everything in Writing
Follow up verbal conversations with confirmations
“Per our conversation…….”
Who should I contact next? What are the next steps?
Get the names, get the phone numbers

11. Your Bill First Invoice: 1st week of July Due August 15th
TOPP: four equal installments due on the 15th
August, September, October, November
What Happens if you can’t pay?
Finish out the semester
Can’t enroll in the next term, can’t get a transcript
Collections Activity Begins
Don’t Wait, Talk To Us

12. Steps To Continue Your Success
Talk about paying for college with your family
Have a SOLID Plan
Ask Questions
Early and Often
Be Your Own Advocate
Check your and SOLAR messages
Create a Delegated User so someone is in this with you
Experian: Q1 2019

13. Next Steps The Next Two Months: Sign up for classes/room/meal, etc,
Create delegated users
receive invoice & sit down with family
pay invoice or sign up for the Time Option Payment Plan by August 15th
Arrive on campus
Do your best
Repeat for the next 7+ semesters

14. Names and Numbers Erik Andersen: Bursar & Director of Student Accounts
For questions about your invoice
For questions about payment, refunds

15. STUDENT FINANCIAL LITERACY BURSAR/STUDENT ACCOUNTS
Questions?
BWG Presentation - 19/20