CBS Financial Aid Orientation

CBSFinancial Aid Orientation

StaffRoshanna Hardison, Director of Financial Aid Roshanna.hardison@cbshouston.edu 832-252-0728Kimberley Fleming ,Financial Aid AdvisorKimberley. Fleming @cbshouston.edu 832-252-0731Sha Toi Newell. Financial Aid Advisor 832-252-0710 Shatoi.newell@cbshousotn.edu Sulema Cortez, Financial Aid Associate Sulema.Cortez@cbshouston.edu 832-252-0702 ServicesFinancial aid awarding Federal aid and Institutional Aid Office Hours Monday, Tuesday, Thursday 8:30am-7:30pm Wednesday 8:30-6:00 pmPhone: 832-252-6402

Financial Aid Office

If you have any questions related to you student account bill please contact Alberto Salazar832-252-0713. jenny.hernandez@cbshouston.edu You can also email student.accounts@cbshouston.edu

Student Accounts Billing

Financial aid consists of funds provided to students and families to help pay for postsecondary educational expensesSourcesFederal governmentVeteran’s AffairsStatesPrivate sourcesCivic organizations and churchesEmployers

What is Financial Aid?

Web site: www.fafsa.govCan apply every January 1st for the upcoming award yr.2014-15 FAFSA becomes available on January 1, 2014Sign FAFSA electronically with pinMay be used by students and parents throughout aid process, including subsequent school yearsYou will need to use CBS school code: 0034224

FAFSA on the Web

Federal aidHave a high school diploma or equivalent or GEDBe admitted in the Bachelors or Associates 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

1. Institutional Student Information Record (ISIR) sent to colleges listed on FAFSA approximately 7 to 10 days after FAFSA submitted2. College reviews ISIRMay request additional documentation, such as copies of federal tax transcript. 4-6 weeks processing time.Special CircumstancesCannot report on FAFSAContact you Financial Aid Advisor to discuss Special Circumstances are approved by the Director Of Financial Aid Only

FAFSA Processing Results

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 en rolled at least half time ( 6 credit Hours ) You must not be in default

CBS Online Application and Accepting Awards

Acceptance of Awards

Student Billing(myrecords.cbshouston.edu)

Student Billing

(cont.)

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 5-14 business days later

.

EnrollmentGo to myrecords.cbshouston.eduLog inGo to “Billing” tabClick on “Make a payment/payment plan”RequirementsAutomatic bank payment (ACH)Credit/debit card$25 per semester nonrefundable enrollment fee$30 returned payment feeNo minimum balance to participateAdvantagesEasy online enrollmentMonthly payment planFlexible payment optionsNo interest

Payment Plans

Book Allowance

CBS offers book allowances maximum of $300 Eligibility Requirements : Must be Pell eligible and have a credit balance. This will include all FSA funds Example Student loans ) All financial aid documents must be completed and ready for disbursement 10 days prior to the first start of class  Book allowances are mailed out starting the first week of class 

Book Allowance

CBS offers book allowances maximum of $300 Eligibility Requirements : Must be Pell eligible and have a credit balance. This will include all FSA funds Example Student loans ) All financial aid documents must be completed and ready for disbursement 10 days prior to the first start of class  Book allowances are mailed out starting the first week of class 

Student Responsibilities:PAY ATTENTION TO EMAILS!!!

Always refer to Financial Aid for questions about your financial aid . For questions about your Payment plan and billing account contact Alberto Salazar You MUST accept your awards in order for aid to be disbursedLoans may be cancelled if not accepted within 30 daysNotify of any enrollment changes (Add/Drop)CBS reserves the right to correct any errors made on financial aid awards Please be sure your address of record is current Maintain SAP (GPA and Completion ratio)Grades of F, W, WA, and I are not considered as satisfactory completion.Warning, suspension, probation

Thank You