Everything you ever wanted to know about financial matters but were afraid to ask

 

FERPA (privacy act)

Make sure that your son/daughter fills out the waiver form so that we can discuss student info with you 

Neumann e-mail address

 Students “must” use their email address 

Instructors email students through Neumann email



Departments email students through Neumann email



Parent email address -- we need it!



Resident student mail boxes check them daily

Who should apply for a FAFSA?

    Everyone! Everyone! Everyone!

Anyone who does not want to pay in full for their student’s tuition!

Did we mention EVERYONE ??? IT’S ABSOLTELY FREE !!!

    Determines your eligibility for need-based aid First step in allowing you to apply for a Federal Direct Student Loan Allows you to apply for internal grants and scholarships Allows you apply for external grants and scholarships

 www.pin.ed.gov

 The Personal Identification Number (PIN) serves as your identifier to let you access your personal information  www.fafsa.ed.gov



not

www.fafsa.com



not

www.fafsa.org

 FREE MONEY FROM THE GOVERNMENT  Federal Pell    SEOG (Supplemental Educational Opportunity Grant) State Grant Federal Work Study

   33% chance of being selected by the government or institution Financial Assistance Office requires the following  Student/parent to complete Verification Worksheet  Student /parent signed federal tax returns and supporting schedules  Financial Assistance Office May need 1099 forms and/or W-2’s from student /parent

FINANCIAL AID AWARD CANNOT FINALIZED UNTIL VERIFICATION PROCESS IS COMPLETED!!!

 Know your state grant deadlines  April 15 th for the State of Delaware 1-302-577-3240  May1st for the State of Pennsylvania 1-800-692-7392  Freshman

must

eligibility complete Status Notification form for

     Funds you earn

Not deducted from your tuition bill

Can work no more than 12 hours per week Paid bi-weekly through direct deposit to student’s bank account (student bank account mandatory) Sources of ID needed:     Driver’s License Birth Certificate Social Security Card Photo Student ID Card

  Federal Direct Student Loans (guaranteed loans)  Subsidized (government pays the interest while in school)

estimated interest rate 3.4%

 Unsubsidized (option to pay interest or capitalize while in school)

estimated interest rate 6.8%

 This requires a Master Promissory Note (MPN) signed using your 4 digit FAFSA pin Apply through www.studentloans.gov

    An entrance interview must be completed by the student loan funds can be processed to their tuition account Once the entrance counseling is completed, the student must sign a Master Promissory Note (MPN) An MPN is signed by using the student’s 4 digit FAFSA pin Complete both of these at:  www.studentloans.gov

 Parent PLUS loans

estimated interest rate 7.9%

 Can only be in a parent’s name  Credit check is required   • If credit is denied, student is eligible for additional unsubsidized portion of student loan Repayment starts 6 months after the first disbursement Can postpone payments while student is in school (up to six months after student leaves school)

    A private loan that is based on credit  Most need a credit-worthy co-signer, doesn’t have to be the parent Many private loans have a “tiered” interest rate  The better the credit rating, the better the interest rate Repayment begins after a 6 month period of separation  Can defer interest while in school  Can pay on entire loan while in school Co-signer is responsible for loan if student does not pay    After 24 -36 consecutive, on-time payments, co-signer can be released from payment obligations Co-signer must contact lender and request release

www.elmselect.com

website to use for comparisons

Commuter

(12 to 19 credits) Undergraduate Tuition – Full-Time (per semester) Tuition General Fee SGA Fee Technology Fee Total per semester $11,238.00

292.00 70.00

75.00

$11,675.00

Resident

Undergraduate Tuition – Full-Time (12 to 19 credits) Tuition General Fee SGA Fee Technology Fee Room Board (19 meal plan) bonus points - 100 $11,238.00

292.00

70.00

75.00

3,130.00

2,192.00

Total per semester $16,997.00

 Business Office Payment Plans    Higher Education Services (10 month payment plan) June to April - $60 annual fee (includes life insurance)      Deferral Plan ($40/per semester) ¼ first payment August ¼ second month ¼ third month September October  ¼ final month November Repeats for the next semester see brochures for details

 ◦ ◦ ◦ ◦ ◦ E-COMMERCE PAY for Tuition on-line  24/7 THROUGH WEB-ADVISOR Credit card OR Electronic Check

NO SERVICE CHARGE

All you need to LOG ON is your: son/daughter’s ID AND PASSWORD PASSWORD – DEFAULTS TO BIRTHDATE

New Freshmen Resident Students: Mandatory for first year - 19 Meal Plan (110 bonus points) ◦

     15 Block Plan: 15 meals 30 Block Plan: 30 meals 50 Block Plan: 50 meals 30 Superblock Plan: 30 meals Plus $275.00 bonus points 50 Superblock Plan: 50 meals Plus $235.00 bonus points $110.00

$208.00

$329.00

$508.00

$571.00

Purchase meals Knights Café, Crossroads Bookstore Books, clothes, supplies (everything) Laundry

All full-time students are required to have health insurance:  Need to provide proof of health insurance  Easy On-line Insurance waiver processing  WWW.NEUMANN.EDU

 Student Life  Health Services  Enroll/Waive Health Insurance  or Purchase health insurance - $684.00 per yr (FY 2010-2011).

   Fall Semester Bills will be mailed beginning of July Payment due date – Wednesday, August 3rd Classes begin – Monday, August 29th

 Fall textbooks available online- around June 15th 

Used books, and Rental Books are first come-first served

 Go to the Neumann University website  www.neumann.edu

Student Life Campus Store

 The Campus Store boxes up all your textbooks for you.

  Pick up your books as early as the second week in August.

or

Visit the Campus Store during Freshmen orientation weekend to pick up your books.

 The receipt for your purchases will be in your box.

 It is VERY IMPORTANT to keep your receipt, in case you need to return or exchange a textbook for any reason.

 If you prefer to visit the Campus Store to purchase or rent your textbooks, we suggest you visit the second week in August to insure that all your books will be available in the store.



Summer hours of operation: Monday Thru Thursday 8:30-5:00 Friday 8:30-4:00

 The store is initiating a

Customer Loyalty Program

in the Fall. Students will be rewarded for their patronage . Any student reserving books on line will automatically be signed up for the

Customer Loyalty Program.

 WWW.NEUMANN.EDU

Business Office use “site map” – “Business Office” (Business Office appears on left hand side) Financial Assistance Office use “site map” - “Admissions” to “Financial Assistance” Web-Advisor use “jump to” – “Web-Advisor” Student log-on – right hand side

 14 DAYS TO REFUND  PLUS Loans  ◦ RESIDENT STUDENTS – delivered to mailbox Make it a habit to check student mailbox daily  ◦ COMMUTER STUDENTS – mailed home Have permission from student to open their Neumann University mail

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