orientation.umbc.edu Financing Their Education - PowerPoint Presentation

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orientation.umbc.edu

Financing Their Education

Presented by:

The Office of Financial Aid and Scholarships

and

Student Business Services

Office of Financial Aid and Scholarships

Lower level of the library, pond sideMonday-Friday, 8:30-4:30

Financial Aid: 410-455-2387Merit Scholarships: 410-455-3813Fax: 410-455-3322

orientation.umbc.edu

Our Services

orientation.umbc.edu

FAFSA Processing

Awarding of Merit Scholarships

Financial Aid Awarding

Verification of student accounts

Financial Aid Counseling

Student Business Services

Administration Building, 3rd floor

Monday-Friday, 8:30am-4:30pm(Payments until 4:00pm)SBS Team: 410-455-2288Fax: 410-455-1821

orientation.umbc.edu

Our Services

Dedicated Service

RepsMonthly E-BillsPayment ProcessingPayment Plan EnrollmentE-refundsAuthorizing Additional Users

orientation.umbc.edu

Financial Smarts @UMBC

orientation.umbc.edu

NOT just book smart,

financially smart too!

financialsmarts.umbc.edu

Complete the

CashCourse

by September 30

th

to be entered to win a

GoPro

Hero 3!

financialaid.umbc.edu

orientation.umbc.edu

Application Process for Financial Aid

Complete the FAFSA at fafsa.ed.gov

UMBC School Code: 002105Students must submit a new FAFSA each Academic Year!NEW for 2017/2018!!FAFSA will be available October 1stStudents will get email announcements with more information and reminders

orientation.umbc.edu

Review Financial Aid Awards

The initial award packages is based on the following:

Full time EnrollmentStudent’s housing Status reported on the FAFSAMaximum Stafford Loan eligibilityStudents will decide if they want to accept the loan offer, and if so, how much.More information on loan acceptance can be found at http://financialaid.umbc.edu/types-of-aid/federal-loans/acceptance/

orientation.umbc.edu

Helpful Tools

orientation.umbc.edu

Cost Calculator

Determine your student’s expenses, and how much their financial aid will cover

Information For…..

All the information you will need to ensure that your student is on the right track to receive

their aid

sbs.umbc.edu

orientation.umbc.edu

How involved will you be?

(P

arents/Others)Parent PINStudents grant access

(to others) via

myUMBC to: View e-bills

Enroll in Monthly Payment PlanMake online payments

FERPA

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th

o

ri

z

a

t

i

on

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o

D

is

cl

o

se

I

n

f

orm

a

tion

F

or

m

Stu

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e

n

ts

grant permission (to others) to disclose financial information:

In-person

E-mail

Telephone

sbs.umbc.edu

Profile Sharing - financial access...coming soon!

orientation.umbc.edu

$5,632

E-Bills – No paper

bills

Fall

2016 e-bills

available 8/1/16

Electronic notification

Check

UMBC e-mail often!

E

-

Bi

l

l

ing

I

n

f

orm

a

t

i

on

orientation.umbc.edu

$5,632

ACH E-check & Campus Card (no fee)

Credit Cards (2.75% convenience fee

)

I

n

t

ern

a

t

i

onal

W

i

r

e

s

Onli

n

e

Payments

C

as

h & Ch

e

c

k

s

only

No Credit Cards in-person

Available

8:30am

–

4:00pm

for payments

8:30am

–

4:30pm

for questions

D

r

op b

o

x

a

v

ai

l

able

a

f

t

er hou

r

s

for

c

h

e

c

k

s

Cashier’s Office

orientation.umbc.edu

$5,632

Agency Payments

College Pre-Paid Funds

Tuition Remission

Third Party Agency Payments

Please visit:

sbs.umbc.edu/payments/agency-payments/

VA Tuition Benefits

The process for applying and obtaining VA tuition benefits begins in the Registrar’s Office

VA Certifying Official

Whitney West—wwest@umbc.edu

410-455-2375

Please visit:

www.umbc.edu/veterans

Other Payment Options

orientation.umbc.edu

$5,632

Make payments for tuition and fees in equal

installments

Enroll and make payment via

my

UMBC

and Parent

Pin

The plan is offered spring, summer and fall only

Monthly Payment Plan

Enroll by

Installments

Due Date

7/19/16

4

7/20/16

8/19/16

3

8/20/16

9/19/16

2

9/20/16

Final Payment

10/20/16

Fall 2016 Dates

sbs.umbc.edu/payment-plan

/

Monthly Payment Plan enrollment for Fall 2016 begins June 1, 2016

Stude

nt r

efunds issued electronically Look for green envelope in the mail Select e-refund preference:

Direct Deposit to a bank of your choice

Dir

ect De

po

sit

t

o

MobileBank

Vibe account

Mailed paper c

h

e

c

k

orientation.umbc.edu

E-Refunds

Students

Discuss Parent PIN and FERPA Profile Sharing - financial access...coming soon!

Review Financial Aid awards, and accept your Stafford Loans Utilize helpful tool to plan your finances Anticipate the e-bill August 1st Look for green envelope in the mail; Select e-refund preference Check myUMBC regularlyE-mailsTo Do List Parents

Sign up for Family Connection – email families@umbc.edu to subscribe

orientation.umbc.edu

Reminders

QUESTIONS?

orientation.umbc.edu