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HOKIE FOCUS 2007 Office of University Scholarships and Financial Aid (USFA)

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Presentation on theme: "HOKIE FOCUS 2007 Office of University Scholarships and Financial Aid (USFA)"— Presentation transcript:

1 HOKIE FOCUS 2007 Office of University Scholarships and Financial Aid (USFA)

2 CONTACT USFA Monday thru Friday, 8:00am to 5:00pm Website www.finaid.vt.edu Preferred Contact finaid@vt.edu Phone (540) 231-5179 Email/calls returned in 72 business hours Allow Assistant Counselors to assist

3 FLASH.MAIL Electronic USFA newsletter Announcements, updates, changes Scholarship opportunities Parents encouraged to subscribe Free, no spamming www.finaid.vt.edu/flash/index.php FLASH. MAIL

4 APPLICATIONS AND DEADLINES Complete FAFSA –Priority Deadline - 3/11/07 General Scholarship –Deadline - 3/11/07 Presidential Campus Enrichment Grant –Deadline – 6/1/07 Departmental/College Scholarships –Deadline – Check w/Departments Honors – Closed until Spring 2008

5 2007-08 AWARDS Letter notification to view on the web Aid types and amounts displayed on web Including: $ Grants/Scholarships---free money $ Work-Study---must work to earn $ Student Loans---to be repaid

6 Module # 1 – Budgets Module # 2 – Account Management Module # 3 – Credit Cards Module # 4 – Debt Management Module # 5 – Other Benefits Available Module # 6 – Loan Management Module # 7 – Consumer Rights and Responsibilities

7 What Would You Like Your Future To Look Like?

8 YOUR FUTURE AT VT Accept Offer of Admission Pay the deposit Activate VT PID Attend VT Orientation in July E-bills sent around July 15 th Complete Authorization to Release Confidential Information (multiple)

9 TYPICAL COSTS Yearly Costs In StateOut of State Tuition & Fees$7397$19775 Est. Room & Board $5306 Est Due Per Year $12703$25081 Est Due Per Term $6352$12541

10 WHAT DO I PAY? Fall charges Spring Charges - Fall aid - Spring aid Amount due Amount due *Any balance due must be covered by payment deadline*

11 BILL AND PAYMENT OPTIONS E-Bills - Set Up Authorized Payers (goes to student VT email address and authorized payers) and then available approximately July 15 and December 15 Payment Options *E-Check Preferred *Cash/PaperCheck *Budget Tuition Plan *Parent PLUS Loan *Outside Sources/529 Plans

12 Payment Options (continued) MasterCard American Express Provided as an optional convenience…a 2.75% service charge will be assessed Remember, E-Checks Preferred

13 IMPORTANT REQUIREMENTS Set Up Authorized Payer(s) https://banweb.banner.vt.edu/ssb/prod/twbkwbis.P_WWWLogin https://banweb.banner.vt.edu/ssb/prod/twbkwbis.P_WWWLogin Report outside/community scholarships http://www.finaid.vt.edu/forms/documents/0708_SCHNOT.pdf Complete the Authorization to Release Confidential Information http://www.finaid.vt.edu/forms/documents/INFRSL.pdf http://www.finaid.vt.edu/forms/documents/INFRSL.pdf Loan recipients must complete: On-line Master Promissory Note (MPN) On-line Entrance Interview On-line Questionnaire (Perkins only) Remember to file FAFSA each year

14 SPECIAL CIRCUMSTANCES Loss of Income Loss of Child Support Loss of Social Security Benefits Death of a Parent Divorced/Separated Unusual Medical Expenses

15 USFA CONTACTS: USFA Contact Information www.finaid.vt.edu finaid@vt.edu (540) 231-5179 Presentation available at http://www.finaid.vt.edu/Presentations/ hokiefocus07


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