Transcript Money Matters Financial Aid Service EMU Student Business Services What Will We Cover Today? • Applying for Financial Aid • Understanding the EMU Award Letter •

Money Matters
Financial Aid
Service EMU
Student Business Services
What Will We Cover Today?
• Applying for Financial Aid
• Understanding the EMU Award Letter
• Calculating Costs
• Understanding the Bill
• Paying the Bill
• Eagle One Card
Applying for Financial Aid
• Free Application for Federal Student Aid (FAFSA)
• Submit online at fafsa.gov
• Submit annually
• Apply in January for maximum consideration
Can be submitted before filing IRS Tax Return
• The 2014-15 FAFSA is required for Fall, Winter
and Summer 2014-15 financial aid
consideration
Cost of Attendance – The Basics
Tuition and Fees
Room and Meal Plan
Direct Costs
(student bill)
Books and Supplies
Transportation
Personal Expenses
Indirect Costs
(not billed)
Understanding the EMU Award Letter
Understanding the EMU Award Letter
• ESTIMATED Direct Costs
• Tuition and Fees
• EMU charges per credit hour
• Room and Meal Plan
Understanding the EMU Award Letter
•
Scholarships and Grants (Gift Aid)
• Gift Aid does not have to be repaid
• Estimated Remaining Balance (EMU bill)
Understanding the EMU Award Letter
•
Federal Loan Eligibility (Must be Repaid)
• Student Direct Stafford Loans (Subsidized and
Unsubsidized)
• Parent (Direct PLUS) Loan
Calculating Costs
•
Personalize your estimated direct costs with the EMU
Financial Planning Guide
•
If your financial aid exceeds the estimated costs– your
student will be eligible for a refund
•
If the estimated costs are more than financial aid, the
student will owe a balance
Cost of Attendance – The Basics
Tuition and Fees
Room and Meal Plan
Direct Costs
(student bill)
Books and Supplies
Transportation
Personal Expenses
Indirect Costs
(not billed)
College Work Study/Campus Employment
•
•
College Work Study
Regular Student Employment
University Advising and Career
Development Center
200 McKenny Hall
734.487.0400
EagleCareers.experience.com
Financial Aid - Next Steps
•
Review the Financial Aid Award Letter
• Complete the Checklist on page 2
•
Complete EMU Financial Planning Guide
•
FERPA form & Authorization to Pay form - submit today
•
EMU Mobile Text Clubs
•
Submit Final Copy of High School Transcripts no later
than August 1st
Understanding the Bill
Electronic Billing Statement
• All bills at EMU are on-line (ebill.emich.edu)
• Students will receive an e-mail early to mid August to check
Ebill website
• Students can add Authorized User – access to student’s Ebill
• Fall 2014 Bill Due Date: September 2nd
Paying the Bill – Financial Aid
• Has your student completed all of their Outstanding
Financial Aid Requirements?
• If yes - their aid will be reflected on the first bill and will be
disbursed to the account the week before classes.
• If aid is not reflected on the first bill – then something still
needs to be completed with their financial aid. Contact
us!
Paying the Bill - Payment Plans
• One time fee per semester (currently $34)
• Charges are equally divided over the length of the payment
plan
• Reminder emails are available on the personal profile tab
through Ebill
Paying the Bill - Making Payments
• Electronic Check
• Credit Card (Online Only)
• 2.75% fee with PayPath
• Master Card, Discover & American Express
• Visa not accepted at this time
• “In Person” Payments
• Cash, Check & Money Order-Cashier’s Office, 201 Pierce
• Check & Money Order – Service EMU
https://ebill.emich.edu
Eagle OneCard
The Eagle OneCard is:
•
•
•
•
The Official University ID Card
Not a credit card
The card that gives access to student privileges
The only way to access any University refund and/or student
payroll
Eagle OneCard – Refund and Payroll Platform
• Students “Activate” card and indicate their refund preference
• Open a “One Account”- an online checking/debit account
with Higher One and have refund put on their card.
Money is accessed through card or ATM
or
• Have funds ACH transferred to a personal bank account
• www.EMUEagleOne.com
• Note: Card is shipped from Rhode Island
A Quick Review
To Do Today
· Submit FERPA & Authorization to Pay forms
· Sign up for Family and Student mobile text clubs
Review Financial Aid Award Letter
· Determine estimated costs using the EMU Financial Planning Guide
· Students: Log into my.emich.edu to accept awards and submit any
outstanding student requirements
Eagle OneCard
· Will arrive at your house in approximately 5-10 business days
· Students: Go online and “Activate” card to select your refund preference
· www.EMUEagleOne.com
A Quick Review
All Bills At EMU Are Electronic
· Ebill.emich.edu
· Students: Log into Ebill and add parents/family members as Authorized Users
· Ebill will be available early to mid August
· Review Ebill to review financial aid and set up payment plan via Ebill website
if necessary
· First Fall Bill will be due September 2
Free Application for Federal Student Aid
· Complete every January for maximum consideration
· fafsa.gov
Submit Final Copy of High School Transcripts
· Request your high school to send a degree posted transcript to EMU no later than
August 1st
Questions & Answers
Financial Aid
403 Pierce Hall
[email protected]
734.487.0455
Service EMU
268 EMU Student Center
[email protected]
@EMUFinancialAid
Student Business Services
201 Pierce Hall
[email protected]
[email protected]
734.487.3335