Transcript Welcome to Anderson University

Soar Weekend
Office of Student Financial Services
Kenneth Nieman
Director
 Admission
 Filing
of the Free Application for Federal
Student Aid (FAFSA)
 Thank You Letter when FAFSA is received
 Completion of Verification if selected
• Verification Worksheet available to download at
www.anderson.edu/finaid
 Financial
Aid Award Letter
• Initial award letters are being mailed
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 Award
notifications to come from State
Student Assistance Commission of Indiana
(SSACI) in July
 Make sure Anderson University is listed as
college choice. If not, make change on the
web at http://www.in.gov/ssaci/.
 Our awards are estimates until state budget
and awards are finalized
 Will receive e-mail from SSACI when students
can view state awards on-line
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 Inform
Student Financial Services (SFS) of:
• Amount of scholarship
• Name of scholarship and the provider
• Payee (ie. AU; student; joint)
 SFS
will add scholarship to student’s award
 Revised award letter with necessary changes
will be mailed to student
 Scholarship checks should be sent directly to
1100 East Fifth St. address (not to Lockbox
address)
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 If
not listed on award letter or if interested in
the program contact Mrs. Patty Rogers at
1-800-421-1025
 SFS will be notified of church scholarship and
match
 Revised award letter will be mailed to student
 March 1st is deadline to guarantee matching
funds but may still have funds available
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• Subsidized vs Unsubsidized Direct Loans
• We will assume you want to borrow the full amount
of eligibility unless you tell us otherwise.
• If a lesser amount or no loan at all:
www.anderson.edu/finaid/processing.html
“Request/Decline Federal Direct Loan”
• Loan fee of 1%
• Need to sign Master Promissory Note
• Complete Entrance Loan Counseling
• Both done at www.studentloans.gov
• Will need assigned PIN number; same one used to
file FAFSA. If lost or forgotten: www.pin.gov
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Tuition
Room
Meal Plan
Health Service Fee
Total Direct Costs
Books – estimated
Personal – estimated
Travel – estimated
Total Cost of Education
$25,400
5,670
3,190
80
$34,340
1,200
1,800
1,000
$38,340
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 Also
 For
referred to as “Statement of Account”
Semester only – not entire year
 Semester
I issued late June
 Semester
II issued late November
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 Option
1: Payment in full to Anderson
University – Semester I due July 25 and
Semester II due December 23
 Option 2: Payment plan through Tuition
Management Systems (TMS)
•
•
•
•
•
www.afford.com, or 1-888-713-7234
12-month plan begins May 1, 2012 – April 1, 2013
10-month plan begins July 1, 2012 to April 1, 2013
$65 enrollment fee
Exempts student account from interest/late fees if
TMS payments cover the balance due
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 Option
3: Other financing
• Parent Direct PLUS Loan
• Private (non-federal) Student Loan
 Option
4: Combination of payment plan and
PLUS Loan
• TMS will calculate optimal combination of Direct
PLUS Loan and payment plan that equals the
amount you feel you can afford monthly
(www.afford.com; under Tuition Planning select
“The Right Combination”
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 Fixed
interest rate of 7.9%
 Loan fee 4%
 Monthly payments over 10 years with InSchool Deferment available on request
 Amount parent can borrow is Cost of
Education minus Financial Aid
 Parents must be “credit worthy”
 If PLUS Loan is denied, student can borrow
additional $4,000 Unsubsidized Direct Loan.
Contact SFS if this is the case.
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 We
will not assume Parent wants to borrow
PLUS Loan.
 To
request Direct PLUS:
• www.anderson.edu/finaid/processing.html
 Parents
to sign Master Promissory Note
• www.studentloans.gov (use FAFSA pin)
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 Known
as “Private or Alternative” Loans
 Non-federal educational student loans
 Credit based and will require co-signer
 Some lenders release co-signer after 24
consecutive on-time payments
 Interest rates are usually variable
 Higher interest rates/fees than Direct PLUS?
 Compare private lenders at FASTChoice:

https://www.mygreatlakes.org/school/content/school/product_deta
il_fchoice.html
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 Books
and supplies
• Can be purchased with credit card or personal
check
• Can be charged to student account
 Payment
with Credit Card
• Available through TMS (www.afford.com Select Pay
in Full or call 1-888-251-3261)
• Processing fee will be added
• Discover, American Express and Master Card
accepted
• VISA not accepted
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 Through
AccessAU students can monitor their
award status on-line
• If they have applied for admissions
 AccessAU.anderson.edu/newstudent
• Username – AU assigned Student ID number
• Password – Date of Birth (MMDDYYYY)
• Select Self Service, then Student Center
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 Items
•
•
•
•
that can be viewed on-line:
Financial Aid Award
Class schedule
“To Do” List for Student Financial Services
“To Do” List for Admissions
 SFS
will be asking students to resolve their
“To Do” List items. Please follow through on
any outstanding SFS items.
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 Office
of Student Financial Services
• [email protected]
• Toll Free 1-800-421-1026
• Fax 1-765-641-3831
• www.anderson.edu/finaid
• Decker Hall 288 – Welcome Center 2nd floor
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 Last
name beginning with:
• A – G: Mr. Tim Bush, Counselor
• [email protected]
• H – O: Mr. Travis Whitton, Counselor
• [email protected]
• P – Z: Mrs. Shelley Coale, Assistant Director
• [email protected]
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• Mrs. Kellie Schnepp, Office Manager
• Mrs. Beth Parker, Processing Coordinator
• Mrs. Corene Foust, Student Loans
• Mr. Kenneth Nieman, Director
• Mrs. Stacey Rhodus, Assistant Director
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