Staff ShaToi Newell Financial Aid Advisor 8322520710 Shatoinewellcbshoustonedu Services Financial aid awarding Federal aid and Institutional Aid ID: 568379
Download Presentation The PPT/PDF document "CBS Financial Aid Orientation" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.
Slide1
CBSFinancial Aid Orientation Slide2
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
Slide3
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 AidSlide4
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 SAP
Can also receive if in Bible Certificate Program
Eligibility for
Financial AidSlide5
Types of Financial Aid at CBSPell Grant & Scholarships
D
oes not have to be paid backAwarded based on need and enrollmentCBS scholarships and Pell Grant awarded based on meeting SAP standards and enrollmentLoans
Loans are money you pay back
Repayment usually begins after education is finished
You must be enrolled at least half time (6 credit hours) You must not be in default Slide6
Web site: www.fafsa.ed.gov
Can apply every January 1
st 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 Slide7
CBS Financial Aid Portal
http://learn.cbshouston.edu
/Slide8
CBS Financial Aid PortalSlide9
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 ListSlide10
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. Slide11
Required Documents
Time to complete some documents!
Click into ‘Entrance Counseling’
You can’t skip this part.Slide12
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.Slide13
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).Slide14
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 DocumentsSlide15
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 SizeW-2 Forms
Tax Return TranscriptSlide16
Submitting DocumentsSlide17
Make sure you hit ‘I Attest’ or your file will not be submitted for review.Slide18
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 BALANCESlide19
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
. Slide20
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
Slide21
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 file
Questions about your Payment plan/billing account contact Jenny Hernandez
Loans may be cancelled if you have not complete a Entrance Counseling
and MPN within 30 days after CBS first disburse of Federal Funds
Notify 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 completion
Warning, suspension, probation
***
CBS
reserves the right to correct any errors made
on
financial aid
awardsSlide22
Thank You