Transcript Slide 1

Money Matters:
The Bill, Your Aid, Other
Resources and Expenses
2011-2012 Academic Year
Roxanne Dumas, Director of Financial Aid
Agenda
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Costs
The Fenway Card
Health Insurance
Billing Timeline
Payment & Financing Options
Private Scholarships
Student Employment
Financial Aid Things to Do
2011-2012 Costs
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Fall
Tuition
$14,495
Room & Board
$6,185
Student Activity Fee $105
General Fee
$480
Orientation Fee
$250
Rm Damage Deposit $100
 Total*
$21,615.00
Spring
Total
$14,495
$6,185
$0
$480
$0
$28,990
$12,370
$105
$960
$250
$100
$21,160.00
$42,775
The Fenway Card
 Serves as student ID
 Provides access to residence halls and dining
facilities
 “Fenway Cash” may be used at the laundry &
vending machines, and off-campus locations
 Family/student can add “Cash” by going to
http://www.fenwaycard.com/
Health Insurance
 Required by the Commonwealth of
Massachusetts
 $1,650 annual premium for 2011-2012 year
 If covered under another plan, students must
complete a Health Insurance Waiver
 Waive at www.universityhealthplans.com
 Deadline to complete waiver is
August 1, 2011
Billing Timeline
 Fall 2011 Semester Bill
• Mailed July 1, 2011
• Due Monday, August 1, 2011
 Spring 2012 Semester Bill
• Mailed in November 15, 2011
• Due Thursday December 15, 2011
Balance Due
You are billed for the balance after:
 $200 Tuition Deposit
 $100 Room Deposit (if living on-campus)
 Financial Aid (excluding Federal Work Study)
 Private Outside Scholarships
(w/documentation)
 Approved and completed alternative parent
and/or student loans
Balance Due - Example
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Tuition
$14,495
Activity Fee
$105
General Fee
$480
Orientation Fee
$250
Room & Board
$6,185 + $100 deposit fee
Total
$21,615
 Deposit
- $ 300
 Financial Aid/Schs - $ 9,500
Balance Due
$11,815
Payment and Financing Options
 Personal Check, Money Order, Traveler’s
Check
 Electronic Check Payment through Wheelock
on-line Billing and Payment System
 Visa, MasterCard, American Express or
Discover
 Wire Transfer
 Monthly Payment Plan through TuitionPay
 Federal Parent Loan for Undergraduate
Students (PLUS) Loan
 Parent or Student Private Education Loans
Interest Free Monthly
Payment Plan
 TuitionPay
 $55 Enrollment Fee
 7, 8, 9 and 10 month plans – June through
March
 (800) 635-0120 or
http://tuitionpay.salliemae.com
Credit-based Loans
 May borrow up to full cost of education after financial
aid
 Please initiate requests NOW so we can ensure
processing prior to the bill due date.
 Decide on amount (plan for both terms) and choose a
lender
 To apply, please refer to the Alternative Financing
Guide brochure, or go to our web site:
www.wheelock.edu/finaid
 Don’t plan on a credit refund for books, travel and other living
expenses. It will not be available until about 4 weeks in to the
term.
Private Outside Scholarships
 Students must provide written documentation of the
scholarship(s) for the pending award to be reflected
on the billing statement
 Students should check with scholarship
organization regarding renew ability
 Student is responsible for completing the scholarship
process and making sure funds are received
 Very Significant private scholarships may impact a
student’s financial aid award
Student Employment
 On-campus jobs are available but are limited
 Students receive an email around move in weekend
with more information
 Students contact supervisors and apply for jobs
 Complete required documents
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Forms of original ID needed to process job paperwork
1. Valid U.S. Passport OR
2. Social Security Card AND Valid License/Picture ID
Complete I-9, W-4
Direct Deposit Form-Bring a Blank Check or Savings Account
Information
 Work-Study, Term-Time, Jumpstart, Off-Campus
Financial Aid – Things to do
 Students borrowing a Stafford loan must
complete an Entrance Counseling and Master
Promissory Note.
 If receiving outside scholarships, send
financial aid the agency notice
 Applying for Future Years
• Complete FAFSA in January (estimated income)
• Priority filing date of April 15, 2012
• Award Letters Mailed out June
Contact Information
Offices located in Student Service Center
Financial Aid
Telephone: (617) 879-2443
Fax:
(617) 879-2470
Email: [email protected]
Student Accounts
Telephone: (617) 879-2236
Fax: (617) 879-2386
Email: [email protected]