the basics of financing a college education financial aid – lisa treman, associate director...
Post on 25-Dec-2015
214 Views
Preview:
TRANSCRIPT
The Basics of Financing a College Education
Financial Aid – Lisa Treman, Associate DirectorStudent Accounts – Sue Wright, Director
Student Employment – Lynn Rogers, Coordinator
Apply for AidComplete the 14-15 Free Application for Student Aid
(FAFSA) at www.fafsa.gov
Our school code is (002842)
Parent and student must apply for a PIN (electronic signature) www.pin.gov
Apply for TAP at www.tapweb.org
Our school code is (0905)
Must be full time (12 credit hours or more)
APTS – replaces TAP for part time students.
Application at our office or on our website.
Types of Aid
Need Based Aid:
Grants: • Federal Pell Grant ($2,865 full time max)
($301 full time min)• Federal Supplemental Educational Opportunity
Grant (FSEOG)
Work:• Work Study $1,680
$8.75/hour x 12 hours per week x 16 weeks
Types of Aid
Loans:• Federal Perkins Loan (need based) 5%
• Federal Direct Subsidized Stafford Loan (need based) 4.66%
• Federal Direct Unsubsidized Stafford Loan (non-need based) 4.66%
Banner & Student Email
All important information is communicated to the student, not to the parent, via their Buffalo State email account
Banner: • Outstanding Requirements such as:
verification, entrance counseling, MPN, SAP, C Flags, Rejected applications, active messages from
the office to name only a few
• Award notifications: initial and revised
Check Often!
Additional Payment Options
• Parents may apply for a PLUS Loan at WWW.STUDENTLOANS.GOV 7.21%
• Student may apply for an Alternative Loan (visit
our website for possible lenders) variable rates• Automatic Payment Plan – apply on-line via
View/Pay bill link in self-service Banner
• Student Employment Office - GC306• Scholarships - www.buffalostate.edu/financialaid/
Reminder
You must complete the FAFSA each award year. Tax time is FAFSA time!
15-16 FAFSA is now available for the fall 2015 and spring 2016 academic year.
File by March 1, 2015 for on time consideration.
SUNY Statewide Student Financial Aid Days 2015
February 28, 2015
www.suny.edu/student
Register is open now
FERPA
Family Educational Rights and Privacy Act
Can’t disclose student financial aid information to anyone who is not the custodial parent(s) listed on the FAFSA
Consent Form
You’ve Got to Pay the Bill
Awards can only be used to defer payment IF listed on the e-billing statement
Electronic bills (e-Bills) are the exclusive billing method. Notifications are sent to the student’s Buffalo State student email account
Due DatesInvoices processed in mid-July are due 1/22/2015
Invoices are processed monthly after drop/add period has concluded
Failure to pay this or subsequent bills will result in a $30 late fee
Student can create an authorized user account for parent to view/ pay college bills
Book Deferments
Get yours before the deadline!
Students with aid in excess of charges are eligible to request a book deferment
Available about 3 weeks prior to the start of classes through Drop/Add
One deferment per semester (fall/spring) usable through end of 4th week of classes
Aid Disbursement
Loans begin to be disbursed the end of week two
Grants and scholarships get disbursed after week five
Good idea - Come with cash in hand
Get Your Refund via Direct Deposit!
If there is aid in excess of charges, a refund is issued to the student
We encourage students to sign up for Direct Deposit for safe, fast receipt of refunds
Health Insurance
Mandatory for all full-time students
Coverage dates 1/22/2015 – 8/12/2015
Amount: $1,038.00
DEADLINE to submit a waiver is 2/24/2015
Contact the Weigel Health Center at:
716-878-6711 for further information
Get Your Parking Permit
Spring 2015 semesters - $35
Available online by logging into Parking Services website with your username and password. They will be mailed to your home address or can picked up at the office in Chase Hall through February 2nd & added to your tuition bill.
After February 2nd permits can no longer be added to your tuition bill. Payment through debit or credit card will be required at the time of your request.
Student Employment
Career Development Center
• Provide students with resources to find non-work study positions on & off campus– Only 2.7% of BSC students work as Student
Assistants (on-campus jobs, non-work study jobs)
• Part-time & Summer Business Directory
• Host part-time employers on campus
Student Employment
Job Postings on ORCA• Part-time, Work-study, Full-time, internships,
and volunteer opportunities
top related