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

2. What Does Financial Literacy Mean For You?
Financial literacy is the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources.
Understanding your Invoice
Understanding how you are paying that invoice
Understanding the impact of paying (or not paying) that invoice.
Possessing the ability to explain your invoice, payment choices, and impact to your family.

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

4. Tuition & Fees + Room & Board
In-State Undergraduate
Tuition & Fees $5,087.40
Room & Board $7,139.00
TOTAL: $12,226.40
Out of State Undergraduate
Tuition & Fees $13,922.40
Room & Board $ 7,139.00
TOTAL: $21,061.40

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
Is there a way to get a clearer picture?

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. 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, a mentor, or a friend
Complete the FAFSA
Check your To-Do List on SOLAR
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!

9. Where You Should Look For Answers
Money Smart Seawolves
An entire program dedicated to your financial literacy
Weekly workshops on credit, budgeting, saving & investing, dealing with student loans, etc.
Chance to win the equivalent of NYS tuition ($3,535.00)

10. Your Bill First Invoice: 1st week of July Due August 15th
Since you’re new students, you have a grace period extended till Sept. 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!
We’re here to help

11. 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

12. Next Steps To-Do You Belong Here Sign up for classes (that’s today!)
Create delegated users
Receive invoice & sit down with family
Pay invoice or sign up for the Time Option Payment Plan (TOPP) by September 15th
Arrive on campus or practice your commute
Do well and repeat for the next 7+ semesters
You Belong Here
Always Be Your Own Advocate
Follow up verbal conversations with confirmations

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

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