Transcript Money Matters: - University of South Florida

Money Matters:
Financial Aid at the
University of South Florida
Presentation Agenda
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Financial Aid
Disbursement Process/Fee
Payment
Bookstore Services
2008-2009 Estimated Cost of Attendance
Florida Residents Fall & Spring
Tuition
$3,990 (2 semesters -15 credit hours/semester)
Room/Board
$8,080
Books
$1,500
Personal
$2,500
Transportation
$1,600
Total
$17,670
OFFICE OF FINANCIAL AID
2008-2009 Estimated Cost of Attendance
Out of State Residents Fall & Spring
Tuition
$16,710 (2 semesters -15 credit hours/semester)
Room/Board
$ 8,080
Books
$ 1,500
Personal
$ 2,500
Transportation
$ 1,600
Total
$30,180
OFFICE OF FINANCIAL AID
FAFSA
If you haven’t already applied, it’s not too late for
some financial aid programs
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Complete your FAFSA to apply for financial aid
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www.fafsa.ed.gov
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Make sure USF’s federal school code (001537) is on
your FAFSA
OFFICE OF FINANCIAL AID
Financial Aid Web Site
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Access the following:
Quick Updates
Quick Links
Obtain financial aid forms
Financial Aid Programs At a
Glance
OFFICE OF FINANCIAL AID
Financial Aid Web Site
Link to Financial Aid Programs at a Glance to
find details on:
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Financial Aid Programs
Award requirements
Renewal requirements
OFFICE OF FINANCIAL AID
OASIS Web Site
Check outstanding requirements
 Complete online forms
 Accept awards
 Regularly check your financial aid
awards
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OFFICE OF FINANCIAL AID
OASIS Web Site
Each semester:
 Check for tuition and/or housing
deferments
 Check for the Bookstore Advance
Purchase Program (BAPP)
 Review and update your ‘Personal
Information’
OFFICE OF FINANCIAL AID
From the OASIS MAIN MENU, choose
‘Student and Financial Aid’
Then choose ‘Financial Aid’
Choose ‘My Requirements,
Bookstore Authorizations and
Deferments’
Automatic Tuition Deferments
Tuition Deferments
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Provided to students receiving financial
aid (including Bright Futures)
Tuition payment will be temporarily
deferred
OFFICE OF FINANCIAL AID
Housing Deferments
Housing Deferments
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Check OASIS to see if you qualify
Review your housing contract for qualifying criteria
OFFICE OF FINANCIAL AID
Bookstore Advance Purchase
Program (BAPP)
Allows students receiving financial aid to
purchase their textbooks & supplies in
advance of the first day of classes, prior to
financial aid awards being disbursed
OFFICE OF FINANCIAL AID
BAPP Criteria
To qualify you must:
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Have financial aid of at least $100 in
excess of all charges on your student
account
Be enrolled at least half-time (minimum 6
credit hours)
Check OASIS prior to the start of each
term to see if you qualify
OFFICE OF FINANCIAL AID
BAPP
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For example, if you owe USF $3,000
for the term, you must have at least
$3,100 in aid for the term to take
advantage of the program
OFFICE OF FINANCIAL AID
Tuition Differential Fee
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Is an additional tuition fee
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Approximately $7 per credit hour above base
tuition cost
Bright Futures will not pay this fee
Pre-Paid recipients may have fee removed after
activation of pre-paid (You take your pre-paid card
to Cash Accounting-ADM 125)
OFFICE OF FINANCIAL AID
Florida Bright Futures
Florida Academic Scholars
Pays full tuition minus differential fee
 Pays educational allowance – $375 per year
Annual Renewal Requirements:
 3.0 GPA
 Earn 12 credit hours per academic year
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OFFICE OF FINANCIAL AID
Florida Bright Futures
Florida Medallion & Gold Seal
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Pays 75% tuition minus differential fee
Annual Renewal Requirements:
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2.75 GPA
Earn 12 credit hours per academic year
OFFICE OF FINANCIAL AID
Florida Pre-Paid Program
Pre-Paid Tuition Plan
 Pays for approximately 75% tuition
 Remaining fees are considered local fees
Pre-Paid Local Fee Plan
 Pays for approximately 23% of fees associated with tuition
 Remaining fees are not covered by Tuition or Local fee
plans
Pre-Paid Housing Plan
 Pays for costs associated with specified on-campus
residence halls
OFFICE OF FINANCIAL AID
Florida Bright Futures &
Florida Pre-Paid Tuition
You can use both programs at the same time.
Each semester:
1.
FL Pre-Paid is applied to the student
account first
2.
Bright Futures funds are disbursed to the
student account after the end of the first
week of classes
OFFICE OF FINANCIAL AID
Florida Bright Futures &
Florida Pre-Paid Tuition
3. Excess funds remaining after tuition has
been paid will be applied to other charges
posted to your student account
OFFICE OF FINANCIAL AID
Be Sure to Report Funds From Other Sources
Federal regulations prohibit you:
 From receiving more financial aid than your
cost of attendance
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From receiving need-based aid that exceeds
your calculated financial need
This may require an adjustment to your award
OFFICE OF FINANCIAL AID
Report Funds From Other Sources
Avoid late surprises:
 Report any funds not listed on your
award summary in OASIS
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Let us know immediately using the
Additional Resources form (available
from the financial aid website)
OFFICE OF FINANCIAL AID
Be A Smart Borrower!
Your financial aid awards may
include student loans
Low interest rates
 Deferred repayments
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OFFICE OF FINANCIAL AID
Borrow Wisely!
1.
2.
3.
Plan your budget!
Borrow only what you need so
your eligibility doesn’t run out
before you graduate!
Keep track of what you
borrow!
OFFICE OF FINANCIAL AID
The Loan Process
To receive Federal Stafford Loan funds:
1.
2.
Complete the Entrance Interview
in OASIS
Select a lender using the Stafford
Lender Preference Form in OASIS
OFFICE OF FINANCIAL AID
The Loan Process
To receive Federal Stafford Loan funds:
3.
Accept, decline or reduce your loans in
OASIS
--Be careful in using the “Accept all awards”
link
4.
Complete a Master Promissory Note
with your lender
--Link from the list on the financial aid website
OFFICE OF FINANCIAL AID
University Controller’s Office
How Much Does It Cost?
The 2008-09 tuition rate for
undergraduate Florida residents is
estimated to be $130.55 per credit
hour plus a $37 flat fee
UNIVERSITY CONTROLLER’S OFFICE
How Much Does It Cost?
The 2008-09 tuition rate for
undergraduate out of state residents
is estimated to be $554.45 per credit
hour plus a $37 flat fee
UNIVERSITY CONTROLLER’S OFFICE
Florida Pre-Paid Program
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Take a copy of your Pre-Paid card to the
University Controller’s Office in the
Administration Building (ADM) Room 125
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Contact the Florida Pre-Paid Program
at 1-800-552-4723 for further details
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Tuition differential charge will be removed after
activation of Florida Pre-Paid account in ADM
125.
UNIVERSITY CONTROLLER’S OFFICE
Tuition Payment
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Tuition is due by the end of the first week of
classes
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Fall 2008—August 29, 2008
Late payment fee: $100
Late registration fee: $100
UNIVERSITY CONTROLLER’S OFFICE
The Student Account: How It Works
1. Charges you owe the University are posted
to your student account
Note: Meal plan charges will not appear on the
student account until the first week of fall
classes
2. Payments are applied to charges on the
student account
UNIVERSITY CONTROLLER’S OFFICE
The Student Account:
Disbursement Process
3. Financial aid disburses through the
student account
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Occurs after the 5th day of classes
Charges posted to your student account
when financial aid disburses will be paid
UNIVERSITY CONTROLLER’S OFFICE
The Student Account:
Disbursement Process
4. If all charges have been paid and a
credit results, remaining funds will be eDeposited to your personal bank account
(if you subscribed via OASIS)
UNIVERSITY CONTROLLER’S OFFICE
Choose ‘Tuition & Fees’ to Sign Up for e-Deposit
Choose ‘SUBSCRIBE TO e-DEPOSIT’
Subscribe to e-Deposit
In OASIS!
How Much Do I Owe?
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University Controller’s Office does not
send bills
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Check OASIS prior to the start of each
term
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Click on ‘Tuition and Fees’
UNIVERSITY CONTROLLER’S OFFICE
“HOW MUCH DO I OWE?”
Choose ‘Tuition & Fees’
Choose ‘View My Account Summary By Term’
Student UID
View Your Account Balance
How To Pay Your Tuition
By e-Check if you have subscribed to
e-Check through OASIS
 At the Cashier’s Office Administration
Building (ADM) Room 131
 Drop box outside ADM 131
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UNIVERSITY CONTROLLER’S OFFICE
How To Pay Your Tuition
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By mail
---Remember, the envelope must be
postmarked by the due date for each term
to avoid the late payment fee
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Use OASIS
UNIVERSITY CONTROLLER’S OFFICE
USF BOOKSTORE
Textbook Reservations
Reserve online:
1.
2.
3.
First chance at our USED books
Avoid lines
Book pickup or home delivery
USF BOOKSTORE
Textbook Reservations
Pay using:
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BAPP
Visa, MC, Discover, AMEX
USF BOOKSTORE
Bookstore Advance Purchase Program
(BAPP)
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Your financial aid determines your eligibility
Eligible students can use their ID as a credit
card
The amount you use posts as a charge to
your student account
USF BOOKSTORE
Scholarship Sales
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Students receiving book scholarships are
processed at the main desk
USF BOOKSTORE
Year Round Buy Back
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Sell your books back at the end of the
semester
If a book is used in the next semester,
you receive 50% of the purchase price
USF BOOKSTORE
WELCOME TO USF
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We’re glad you’ve chosen USF!
We’re here to serve you!
We’re looking forward to seeing you!
THANK YOU & GOOD LUCK