CBS Financial Aid Orientation

CBS Financial Aid Orientation CBS Financial Aid Orientation - Start

2017-07-09 54K 54 0 0

CBS Financial Aid Orientation - Description

Staff. ShaToi Newell, Financial Aid Advisor 832-252-0710 . Shatoi.newell@cbshouston.edu. . . Services. Financial aid awarding Federal aid and Institutional Aid . ID: 568379 Download Presentation

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CBS Financial Aid Orientation




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Presentations text content in CBS Financial Aid Orientation

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CBSFinancial Aid Orientation

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StaffShaToi Newell, Financial Aid Advisor 832-252-0710 Shatoi.newell@cbshouston.edu ServicesFinancial aid awarding Federal aid and Institutional Aid Office Hours Monday, Tuesday, Thursday 8:30am-7:30pm Wednesday 8:30-6:00 pmPhone: 832-252-4602

Financial Aid Office

www.cbshouston.edu/financial-aid

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Financial aid is a form of assistance of funds provided to eligible students and families to help assist with paying for educational expenses.Pell Grant: A Pell Grant is money the government provides for students who need it to pay for college. Grants, unlike loans, do not have to be repaid. Eligible students receive a specified amount each year under this program.Loans: The interest on subsidized loans is paid by the federal government while the student is in school and during authorized deferment. For unsubsidized Stafford Loans, students are responsible for all of the interest that accrues while the student is enrolled in school.Scholarship Availability- CBS offers Institutional Aid called the Boyd/Mays Scholarship

What is Financial Aid

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Federal aidHave a high school diploma, GED or equivalent Be admitted in the Associates or Bachelors Degree ProgramBe a US citizen or eligible non-citizenNot be in default on any federal student loan, or owe money on federal student grantInstitutional aidAll of the aboveAwarded based on meeting SAPCan also receive if in Bible Certificate Program

Eligibility for

Financial Aid

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Types of Financial Aid at CBS

Pell Grant & Scholarships

Does not have to be paid backAwarded based on need and enrollmentCBS scholarships and Pell Grant awarded based on meeting SAP standards and enrollment

Loans

Loans are money you pay back Repayment usually begins after education is finishedYou must be enrolled at least half time (6 credit hours) You must not be in default

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Web site: www.fafsa.ed.govCan apply every January 1st for the upcoming award yr.2016-17 FAFSA becomes available on January 1, 2015Sign FAFSA using FSA ID/password(this method is new)May be used by students and parents throughout aid process, including subsequent school yearsYou will need to use CBS school code: 0034224

How to Apply

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CBS Financial Aid Portal

http://learn.cbshouston.edu

/

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CBS Financial Aid Portal

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You’ll see this on the left side of your screen as you complete your application.

Each milestone represents a step you need to complete in the application process.You are not finished with the application until all milestones have a next to them. lets you know which milestone you are currently completing.Milestones are completed in the order presented on the list.

Your

Milestone List

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Enrollment Status & Awards

Enter the number of credits you will be enrolled for each semester. If you are unsure, leave them at 12.

Tell us if you are receiving any scholarships or other aid for the upcoming year.

We’ll show you your initial loan eligibility here. You can reduce the loan amount.

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Required Documents

Time to complete some documents!

Click into ‘Entrance Counseling’

You can’t skip this part.

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Direct Loan MPN

Make sure that you complete your

eMPN if you’re receiving a loan. This screen will direct you to the proper website to do so.

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Estimated Financial Plan

Here you can review your tentative financial plan.

Note that this is just a base plan. The Financial Aid team will be reviewing and making adjustments as necessary (including adding your Summer term).

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Once we have your FAFSA, you might have a few more documents to submit to us. This page will list any additional requirements.

Click into each link to read through what is needed.

More Require Documents

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Requesting Documents“Verification” is a process used by both the U.S. Department of Education and the College to confirm information a student or prospective student has provided on the Free Application for Federal Student Aid (FAFSA).

Here are some example of such documents.

High School/GED completion

Household Size

W-2 Forms

Tax Return Transcript

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Submitting Documents

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Make sure you hit ‘I Attest’ or your file will not be submitted for review.

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Disbursements and Refunds

After your fees and any other charges on your CBS student account are paid, any remaining financial aid will be refunded to

you by check in the mail. All Refunds are disbursed after Census Date, 30 -45 days from the time of class start.

Generally, if

your financial aid

has disbursed aid onto your student account and a credit is created, you can expect to receive a refund approximately

7-14

business days later

.

***

STUDENTS ARE RESPONSIBLE FOR ANY REMAINING BALANCE

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Book Allowance

CBS offers book allowances maximum of $300 Eligibility Requirements : Must be Pell eligible and have a credit balance of $300 or more. This will include all FSA funds Example Student loans All financial aid documents must be completed and processed 10 days prior to the first start of class  Book allowances will be issued in the CBS bookstore as a credit. Available during the first week of school and issued for two weeks.

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DEADLINES!!!!

Your FAFSA and all documents will need to be submitted to CBS Financial Aid Department in order to process before school starts :

Fall 2016 July 11, 2016

Spring 2017 November 14, 2016

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Student Responsibilities:Key Points!!!!

Pay attention to emailsQuestions about your financial aid contact our office Check the Financial Aid Portal- SAINT Student for status updates on your fileQuestions about your Payment plan/billing account contact Jenny HernandezLoans may be cancelled if you have not complete a Entrance Counseling and MPN within 30 days after CBS first disburse of Federal FundsNotify Financial Aid of any enrollment changes (Add/Drop)Maintain Satisfactory Academic Progress (SAP)-GPA and Completion ratio)Grades of F, W, WA, and I are not considered as satisfactory completionWarning, suspension, probation***CBS reserves the right to correct any errors made on financial aid awards

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Thank You

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