Transcript CBS Financial Aid Orientation
CBS Financial Aid Orientation
Financial Aid Office
Staff Roshanna Hardison, Director of Financial Aid
832-252-0728 Kimberley Fleming ,Financial Aid Advisor
Kimberley. Fleming @cbshouston.edu
832-252-0731 Sha Toi Newell. Financial Aid Advisor 832-252-0710 [email protected]
Sulema Cortez, Financial Aid Associate
832-252-0702 Services Financial aid awarding Federal aid and Institutional Aid Office Hours Monday, Tuesday, Thursday 8:30am-7:30pm Wednesday 8:30-6:00 pm Phone: 832-252-6402
Student Accounts Billing
If you have any questions related to you student account bill please contact Alberto Salazar 832-252-0713. [email protected]
You can also email [email protected]
What is Financial Aid?
Financial aid consists of funds provided to students and families to help pay for postsecondary educational expenses Sources
Federal government
Veteran’s Affairs
States
Private sources
Civic organizations and churches
Employers
FAFSA on the Web
Web site:
www.fafsa.gov
Can apply every January 1 st for the upcoming award yr.
1.
2014-15 FAFSA becomes available on January 1, 2014
Sign FAFSA electronically with pin May be used by students and parents throughout aid process, including subsequent school years
You will need to use CBS school code: 0034224
Eligibility for Financial Aid
Federal aid
Have a high school diploma or equivalent or GED
Be admitted in the Bachelors or Associates Degree Program
Be a US citizen or eligible non-citizen
Not be in default on any federal student loan, or owe money on federal student grant Institutional aid
All of the above
Awarded based on meeting SAP
Can also receive if in Bible Certificate Program
FAFSA Processing Results
1. Institutional Student Information Record (ISIR) sent to colleges listed on FAFSA approximately 7 to 10 days after FAFSA submitted 2. College reviews ISIR
-
May request additional documentation, such as copies of federal tax transcript. 4-6 weeks processing time.
Special Circumstances
Cannot report on FAFSA
Contact you Financial Aid Advisor to discuss
Special Circumstances are approved by the Director Of Financial Aid Only
Types of Financial Aid at CBS
Pell Grant & Scholarships
Does not have to be paid back Awarded based on need and enrollment CBS scholarships and Pell Grant awarded based on meeting SAP standards and enrollment
Loans
Loans are money you pay back Repayment usually begins after education is finished You must be en rolled at least half time ( 6 credit Hours ) You must not be in default
CBS Online Application and Accepting Awards
Acceptance of Awards
Student Billing (myrecords.cbshouston.edu)
Student Billing (cont.)
Disbursements and Refunds
After your fees and any other charges on your CBS student account are paid, any remaining financial aid will be refunded to you by check in the mail. All Refunds are disbursed after Census Date . 30 -45 days from the time of class start Generally, if your financial aid has disbursed aid onto your student account and a credit is created, you can expect to receive a refund approximately
5-14 business days later.
Payment Plans
Enrollment
Go to myrecords.cbshouston.edu
Log in
Go to “Billing” tab
Click on “Make a payment/payment plan” Requirements
Automatic bank payment (ACH)
Credit/debit card
$25 per semester nonrefundable enrollment fee
$30 returned payment fee
No minimum balance to participate Advantages
Easy online enrollment
Monthly payment plan
Flexible payment options
No interest
Book Allowance
CBS offers book allowances maximum of $300
• • •
Eligibility Requirements : Must be Pell eligible and have a credit balance. This will include all FSA funds Example Student loans ) All financial aid documents must be completed and ready for disbursement 10 days prior to the first start of class Book allowances are mailed out starting the first week of class
Book Allowance
CBS offers book allowances maximum of $300
• • •
Eligibility Requirements : Must be Pell eligible and have a credit balance. This will include all FSA funds Example Student loans ) All financial aid documents must be completed and ready for disbursement 10 days prior to the first start of class Book allowances are mailed out starting the first week of class
Student Responsibilities: PAY ATTENTION TO EMAILS!!!
• • • • •
Always refer to Financial Aid for questions about your financial aid . For questions about your Payment plan and billing account contact Alberto Salazar You MUST accept your awards in order for aid to be disbursed 1.
Loans may be cancelled if not accepted within 30 days Notify of any enrollment changes (Add/Drop) CBS reserves the right to correct any errors made on financial aid awards Please be sure your address of record is current Maintain SAP (GPA and Completion ratio) 1.
Grades of F, W, WA, and I are not considered as satisfactory completion.
2.
Warning, suspension, probation