1. Money Matters Husky for the Day Presented by the Office of Student Financial Aid Services & Bursar’s Office

2. Financial Aid Discussion Items Financial Aid Timeline Financial Aid and the Fee Bill Student Loan Process Wrap-Up Topics

3. January - February Complete Free Application for Federal Student Aid (FAFSA) March – April Receive, Review and Accept/Decline All Aid April - July Submit all requested documents in a timely manner July Review fee bill and select payment options Financial Aid Timeline

4. Financial Aid and the Fee Bill

5. Financial Aid Shopping Sheet

6. Undergraduate Loans at a Glance ProgramBorrowerCredit Check Required? Interest Rate 14/15 Repayment Begins Federal Perkins LoanStudents with financial need No5%Nine months after graduation Federal Direct Subsidized Stafford Loan Students with financial need No4.66%Six months after graduation Federal Direct Unsubsidized Stafford Loan StudentsNo4.66%Six months after graduation Federal Direct PLUS Loans ParentsYes7.21%Sixty days after second disbursement unless deferred Private/Alternative Loans Students with a creditworthy cosigner YesVariable or fixed; usually depend on borrower and cosigner credit scores Varies by loan product

7. Applying for Federal Direct Stafford Loans 1 Via the Student Administration System, the student reviews and accepts all or any portion of the Federal Stafford loan(s) 2 The student completes Master Promissory Note online http://www.studentloans.gov 3 The student completes Entrance Counseling online http://www.studentloans.gov The process for applying for Federal Direct Subsidized and Unsubsidized Stafford Loans is as follows:

8. Federal Direct Parent Loans for Undergraduate Students (PLUS) Student accepts PLUS eligibility through Student Administration Self Service Parent completes an online application via www.studentloans.gov www.studentloans.gov Online process became available for the 2015- 2016 academic year as of April 1, 2015 Credit check will be performed by the US Department of Education Applying for Federal Direct Plus Loans

9. Consider Federal Perkins, Stafford, and PLUS loans before applying for a private loan Private/Alternative Student Loans Better Interest Rates Federal loan interest rates are fixed No credit checks for Perkins and Stafford Less-stringent credit criteria for PLUS Repayment Options Forbearance options

10. Wrap-Up Working On Campus Scholarship Information Appeals On-Time Deadline Reminder FERPA

11. Office of Student Financial Aid Services The Office of Student Financial Aid Services is open 12 months a year; Monday through Friday, 8am - 5pm. You may contact us by: Email - (financialaid@uconn.edu)financialaid@uconn.edu Telephone – (860) 486-2819 In Person – On a walk-in basis. http://financialaid.uconn.edu @UConnFinAid

12. Fall 2015 Bills are posted online and email notifications are sent out in late June Due Date: August 1, 2015 Spring 2016 Bills are posted online and email notifications are sent out in late November Due Date: January 8, 2016 University Fee Bills

13. Live Bill- Updated daily with charges Charges are posted from: Residential Life Dining Department Health Services Parking Department

14. University Fee Bills Waiving Health Insurance

15. Student View

16. Become an Authorized User Student must give others access to view and pay the bill

17. Authorized User View

18. Methods of Payment Electronic Check online Credit Card online (2.75% convenience fee) - VISA, Mastercard, Discover, American Express, JCB, BC Card, DinaCard, and Diner’s Club Mail in a check Pay in person with check/cash Payment Plan $45 enrollment fee, must re-enroll each semester Fall Semester: July 15 th, August 15 th, September 15 th, & October 15 th Spring Semester: December 15 th, January 15 th, February 15 th, & March 15 th

19. Refunds Refunds are written when: Financial Aid is processed and disbursed Enrollment matches financial aid package Fee bill is paid in full Parent Plus Loan Refunds- Written to whomever took out the loan, and mailed home Direct Deposit for Students!

20. Late Payments Hold on account Cannot enroll in courses, go to the gym, take out library books, request a transcript Late fees (Up to $150 each semester)

21. Q & A