1. Money Matters: Actions You Can Take Today!

2. Electronic Billing You will NOT receive a paper bill for your account balance! You will receive an e-statement. How eBilling works: 1. An email is sent to your UWYO email account. 2. To view your account balance - Sign into WyoWeb - Click “Student Account” tab - Select “Statement and Payment History” - It is your responsibility to check your account monthly for new charges! | 2

3. Applying for Federal Student Aid All students are encouraged to apply early so their money is available at the beginning of each fall semester Create FSA ID at fafsa.ed.gov (keep this for all years in college) File taxes and wait a few weeks File FAFSA at www.fafsa.ed.gov Use the IRS Data Retrieval process Electronic Award Notices (On WyoWeb) Keep checking - Note changes if you received update notices A Red Flag indicates something is needed

4. Using Federal Student Aid to Pay For Books Complete Authorization form in Financial Aid to allow for aid to pay off book charges Go to University Store Homepage (available the end of July) Activate Financial Aid Go to University Store and pick out books Financial Aid will automatically pay bookstore charges | 4

5. Additional Financial Aid Questions?? Representatives from Student Financial Aid will be available at tomorrow’s Resource Fair between 8:00 – 9:00am Senate Chambers Financial Aid representatives also available in Knight Hall room 174 | 5

6. Paying your Bill  New as of July 1, 2015 – Credit Card Convenience Fees on student account payments  Cashier’s Office – Knight Hall, Room 170  By Mail  Online  ACH from Checking or Savings account  Credit card with a non-refundable fee  Installment Plan – payment deadline extension | 6

7. Payment Installment Plan  $15.00/semester setup fee  Three installment payments  1 st payment due on the 3 rd Friday of the Semester  2 nd payment due on 6 th Friday of the Semester  3 rd and final payment due on the 9 th Friday of the semester  Interest of 1.5% per month and holds placed on accounts with past due charges | 7

8. Credit Balance Refunds WyoRefunds start July 1, 2015 Electronic Refunding for students ◦ ACH deposit into an existing bank account ◦ Paper check | 8

9. Important Dates to Remember  August 31, 2015 – Fall Classes begin  September 10 – Last day to drop classes. Last day for a 100% refund  September 10 – Last day to make changes to health insurance selection  September 18 – All tuition/fees due or 1 st Installment Payment due  October 30 – All charges are due (Interest and financial holds placed on unpaid accounts) | 9

10. Why Care? It’s Just Your Money! Place CashCourse URL Here in Master Slide | 10 It’s your Money! Reaching goals are possible! Avoiding unnecessary debt is possible! Graduate!

11. What would you do… with $1,000 cash? ◦ You cannot put it into savings ◦ You cannot invest the money | 11

12. Perspective “ While freshman and their parents are likely thinking more about tests and academics during orientation, the fact is that after graduation a student’s credit rating is arguably far more important to his or her future than grade point averages.” Robert D. Manning, PhD,, Author – Credit Card Nation Research Professor and Director of the Center for Consumer Financial Services Rochester Institute of Technology

13. Controlling Your Spending | 13 List your sources of income Consider ways to increase your income Pay yourself FIRST Track your expenses Differentiate between needs and wants

14. Choices, Choices, Choices | 14

15. Tracking Your Expenses | 15 1 Starbucks® drink @ $4.20 $4.20 x 7 days = $29.40 $29.40 x 52 weeks = $1,528.80 per year!! Trip home for the weekend – 300 miles $50.00 $50.00 x 15 weekends = $750.00/semester $750.00 x fall and spring = $1,500.00 per year Dining away from Washakie $8.50/meal at a local eatery x 4 meals/week = $34.00 $34 x 16 weeks per semester = $544.00 Additional $1,088.00 spent on meals that were already paid for!!

16. Live like a college student! | 16

17. Student Loans – Good debt but know the facts before taking on unnecessary amounts! Maximize all other sources before borrowing to pay for college. Know the facts before taking on unnecessary debt.

18. Student Loan Debt Nationwide seven out of ten college graduates in 2012 had student loan debt $29,400 average loan debt (The Project on Student Debt-2012) $20,571 average loan debt for UW graduates Over $1.2 Trillion – Student Loan Debt outstanding ◦ Student loan debt has grown to twice what it was in 2007  Second only to mortgage debt | 18

19. Using Student Loan $ for what?? New truck payment Plastic surgery Spring break vacation Apartment furniture Tattoos | 19

20. Credit Card Behavior 29.2% have a credit card, most having more than one 24% have over $1,000 in credit card debt 8% have been late on a credit card payment at least once 5% of students have over $5,000 in credit card debt Moneymattersoncampus.org

21. Credit Behavior 82% of students carry a balance and incur finance charges each month Average unpaid balance upon graduation ◦ $4,100 $3,173 – Average balance carried by college students 1% of students have someone else paying the bill

22. The Importance of Financial Literacy 84% of Students say they need more education on financial management 70% of Americans fall short of meeting retirement needs (Hewitt, 2012) 62.2% - Average score on financial survey among college students (Jump$tart Coalation, 2008) 40% grade their personal finance knowledge at “C” or below (National Foundation for Credit Counseling, 2011) | 22

23. Protecting Your Identity Do not carry your Social Security card. Do not carry your PINs. Review all financial statements for unauthorized use. Check your credit report! | 23

24. More Information www.studentloans.gov www.uwyo.edu/financialwellness www.cashcourse.org Email – fsbo@uwyo.edufsbo@uwyo.edu Disclaimer: These materials are for non-commercial educational use only. Portions of the content © 2008 National Endowment for Financial Education. All rights reserved. CashCourse is a trademark of the National Endowment for Financial Education www.nefe.org www.moneymattersoncampus.org Sallie Mae 2009 Place CashCourse URL Here in Master Slide | 24

25. Want to stay involved?? Student Financial Wellness Email fsbo@uwyo.edufsbo@uwyo.edu Fall 2015 Financial Literacy Series Spring 2016 Common Cents Conference |

26. Contact Information Student Financial Aid Knight Hall 174 307-766-2116 Accounts Receivable Knight Hall 172 307-766-6232 Cashier’s Office Knight Hall 170 307-766-2313 | 26

27. Additional Contact Information Aaron Courtney – Financial Services ◦ 307-766-3205 ◦ courtne@uwyo.edu Kathy Bobbitt – Student Financial Aid ◦ 307-766-2997 ◦ bobbitt1@uwyo.edu | 27

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