OSFAE Functions • Award financial aid in compliance with all federal & state regulatory requirements and University policies. • Administer University merit, donor and outside scholarships including.
Download ReportTranscript OSFAE Functions • Award financial aid in compliance with all federal & state regulatory requirements and University policies. • Administer University merit, donor and outside scholarships including.
OSFAE Functions • Award financial aid in compliance with all federal & state regulatory requirements and University policies. • Administer University merit, donor and outside scholarships including the ROTC subsidy program • Certify student & parent loan eligibility • Manage the Student Employment Process Applying for Financial Aid Free Application For Federal Student Aid (FAFSA) • www.fafsa.gov • www.pin.ed.gov Applies student for federal financial aid including Federal Pell Grant, Federal Direct Student Loans, Federal Direct (parent) PLUS loans Must submit the FAFSA each year, available January 1st. Preferred Filing Deadline April 15th (continuing students) Applying for Financial Aid CSS Profile • student.collegeboard.org • Click on Student Tools Applies student for University need-based aid and campus based-aid including Coral Grant Must submit CSS Profile each year, available October 1st but complete by April 15th (continuing students) State Grants and Scholarships FL Residents: 1. Submit Certificate of FL residency application with supporting documentation, 1st year only 2. Form is available at: www.miami.edu/ofas 3. FL Aid (and most other state aid) begins paying after drop/add period FL Resident Access Grant $3,000 – FL Residents only (choosing a private institution) FL Bright Futures *Florida Academic Scholarship - $103/credit *Florida Medallion Scholarship - $77/credit • Bright Futures award estimated at 15 credits/sem • Will disburse according to actual enrollment FL Student Assistance Grant • Awards vary up to $2200/yr • Based on early FAFSA filing • Need-based program • File early! Student Loans: • Federal Direct Subsidized • Federal Direct Unsubsidized • Federal Perkins Loan Student Loan Housekeeping Items • Accept loans offered on CaneLink • Complete Entrance Counseling • Sign Master Promissory Note(s) Federal Direct Loans (sub/unsub) Students accepting Federal Direct Loans can go to www.studentloans.gov to sign their MPN and complete entrance counseling Federal Perkins Loan: Students awarded and accepting Perkins Loan will complete the MPN within Canelink and complete Entrance Interview requirements through MappingYourFuture.org. Federal Parent PLUS Loan Process Once credit-approved, the school will be notified. Private/Alternative Loans • Lender of your choice; not federally regulated • Once credit-approved, is sent to the school for certification based on the cost of attendance for the loan period. • Private Lender List http://www.elmselect.com/link/query?schoolid=485 Change of Circumstances If you experience a loss of income due to: • Unemployment • Separation or divorce • Death of parent’s spouse If you have expenses related to: • Excessive medical or dental expenses paid (not just incurred) which exceed 11% of AGI Must have CSS Profile on file and submit signed copies of most recent federal taxes and parent W-2s. Ver-i-fi-ca-tion (noun) The act or process of verifying. Check CaneLink “To Do List” for required actions NEW! IRS Data Retrieval Tool: An easier way to provide tax information. With just a few simple steps, students & parents who have completed their IRS tax return will be able to view & transfer their tax information into their FAFSA. Satisfactory Academic Progress - SAP 4 Programs to measure SAP • Qualitative • Quantitative Merit – Academic Scholarships • 24 credits/year – 3.0 or above FL State Grants & Scholarships • 24 credits/yr – GPA Requirements UM Need-based • complete 67% of attempted credits • GPA of at least 1.7-2.0 depending on academic level. Federal • complete 67% of attempted credits • GPA of at least 1.7-2.0 depending on academic level. Refer to www.miami.edu/ofas and click on Satisfactory Academic Progress Important Tasks: 1) Complete any outstanding items on your “to-do” list; 2) Accept/Decline/Reduce any offered financial assistance; 3) Complete Loan MPN and/or Entrance Requirements 4) Provide Federal Student Aid Permissions; 5) Send any outside scholarship information to OSFAE; 6) Complete Sibling Enrollment Confirmation process by Oct 1st. OSAS Functions • Issue e-bill notifications • Receive & process payments • Provide monthly payment plan option • Process 3rd party sponsor billing: -FL Prepaid -Gov. Sponsors • Process refunds CaneLink Proxy Access The Family Rights & Privacy Act (FERPA) - Protects confidentiality of student information - Authorization required to view or discuss student finances - Granted through Canelink Viewing & Paying your Bill Viewing & Paying your Bill (Cont.) Office of Student Accounts Contact Information: www.miami.edu/osas 305-284-6430 option #5 [email protected] Daniela Salaverria Associate Director Office of Student Accounts Agenda • • • • • • • • • E-Bill Notification Set up Proxy/Delegate Access Important Dates Guide to Viewing your Bill Payment Methods Third party sponsor billing Monthly Payment Plan Credit Balances/Refunds Title IV Authorization Important Dates • Payment Due Date: Undergraduate students: August 1st, 2015 • Drop Refund Due Dates: Fall 2015 Drop Refund Schedule E-Bill Notification Important: UM e-mail Delegate Access Login to Account Regularly Delegate Access Become an Authorized User! • The Family Rights & Privacy Act (FERPA) • Student Portal Canelink.miami.edu Tuition & Fees Academic Year 2015-2016 **Health Insurance: $2,466.00 Room & Board Academic Year 2015-2016 CaneLink Viewing & Paying your Bill Viewing & Paying your Bill (Cont.) Payment Methods • Online – E-Check (ACH) – Credit card *2.5% merchant fee • In person – Cash – Check *returns subject to a fee • At the bank – Wire Transfer Monthly Payment Plan - Option • Fall/Spring only – 4 months – 3% fee • Apply via Canelink – Account Inquiry – Account Services – Payment Plan 3rd Party Sponsors FL Prepaid 2014-2015 • UNIV RATES – Tuition: $116.67 per credit – Local fees: $36.59 per credit – Housing: $2,702.72 per term • HOW TO SETUP – UM Authorization Form – FL Prepaid Transfer From FL Prepaid FL Prepaid Forms FL Prepaid Transfer Form UM – FL Prepaid Authorization Form Refunds • If monies received exceed charges due • Email notifications • Direct Deposit! • Paper checks How to Apply Title IV Fed Aid to Other Charges • Title IV funds include: Federal Pell Grants, Federal Supplemental Educational Opportunity Grants, Federal Direct Subsidized Loans, Federal Direct Unsubsidized Loans, Federal Perkins Loans and Federal Grad PLUS loans. • Federal student financial aid can only cover “institutional charges” as defined by the DOE: Tuition & Mandatory Fees. • Unless authorization is received, federal financial aid cannot be used to cover non-institutional charges such as: Health Insurance fees, library fines, damage fees, returned check fees, lost key fees or any other charges not directly tied to taking a class. Contact Information Ashe Administration Building Contact an Advisor: • In person Mon-Friday 8:30am – 5:00pm • By telephone 305-284-6430 option #5 • By email [email protected] www.miami.edu/osas Contact Information (Other offices) Other Important Phone Numbers • • • • Dining Services 305-284-3584 Health Services 305-284-9100 Housing 305-284-4505 Registrar 305-284-2294 Questions? Office of Student Financial Assistance and Employment Rhodes Building 305-284-5212 [email protected] Office of Student Accounts Services Ashe Building 305-284-6430 option #5 [email protected]