New and Transfer Student 2016 Orientation Presented by the Office of Student Financial Aid Services amp Bursars Office Presentation is available online on the Office of the Bursar Website ID: 460371
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Slide1
Money Matters
New and Transfer Student2016 Orientation
Presented by the
Office of Student Financial Aid
Services &
Bursar’s Office Slide2
Presentation is available online on the Office of the Bursar Website (www.bursar.uconn.edu
) :Slide3
Financial Aid
Discussion ItemsSlide4
Financial Aid TimelineSlide5
UConn emailStudent Administration System
Financial Aid
Communications Slide6
Full time enrollment = 12+ CreditsPart time = Between 6 and 11 Credits
Less than part time = under 6 Credits
EnrollmentSlide7
Financial Aid and the Fee BillSlide8
Undergraduate Loans at a Glance
Program
Borrower
Credit
Check Required
Interest Rate
As of
7/1/15
Interest accrual
Origination
Fee
Repayment Begins
Federal Perkins Loan
Students
with financial need
No
5.00%
Nine
months after graduation
0%
Nine months
after graduation
Federal Direct Subsidized Stafford Loan
Students with financial need
No
4.29%
Six months after graduation
1.068%
Six months after
graduation
Federal Direct Unsubsidized Stafford Loan
Students
No
4.29%
Once loan is disbursed
1.068%
Six months after
graduation
Federal Direct PLUS Loans
Parents
Yes
6.84%
Once
loans is disbursed
4.272%
Sixty
days after second disbursement unless deferred
Private
/
Alternative Loans
Students with a creditworthy cosigner
Yes
Variable or fixed; usually depend on borrower and cosigner credit scores
Once
loan is disbursed
Varies
by loan product
Varies by loan
productSlide9
Applying for Federal Direct
Stafford Loans
The process for applying for Federal Direct Subsidized and Unsubsidized Stafford Loans is as follows: Slide10
Federal Direct Parent Loans for Undergraduate Students (PLUS)
Applying for Federal Direct Plus LoansSlide11
Consider Federal Perkins, Stafford, and PLUS loans before applying for a private loan
Private/Alternative Student LoansSlide12
Wrap-UpSlide13
Office of Student
Financial Aid Services
The
Office of Student Financial Aid
Services is open
12 months a
year; Monday
through
Friday,
8am
- 5pm
.
You may contact us by:
Email - (
financialaid@uconn.edu
)
Telephone – (860) 486-2819
In Person – On a walk-in basis.
http://financialaid.uconn.edu
@
UConnFinAidSlide14
Spring 2016
Bills are posted online and email notifications are sent out in late NovemberDue Date: January 8, 2016Fall 2016
Bills are posted online and email notifications are sent out in June
Due Date:
August 1, 2016
University Fee BillsSlide15
University Fee Bills
Live Bill- Updated daily with charges
Charges are posted from:
Residential
Life
Dining Department
Health Services
Parking DepartmentSlide16
University Fee Bills
Waiving Health InsuranceSlide17
Student ViewSlide18
Become an Authorized User
Student must give others access to view and pay the billSlide19
Authorized User ViewSlide20
Methods of Payment
Electronic Check onlineCredit Card online (2.75% convenience
fee)
- VISA
,
Mastercard
, Discover, American Express, JCB,
BC Card,
DinaCard
, and Diner’s Club
Mail in a check
Pay in person with
check/cash
529 Plan Payment
Payment Plan
$45 enrollment fee,
must re-enroll each semester
Fall
Semester
: July 15
th
, August 15
th
, September 15
th
, & October 15
th
Spring
Semester
: December 15
th
, January 15
th
, February 15
th
, & March 15th Slide21
Refunds
Refunds are written when:
Financial Aid is processed and disbursed
Enrollment matches financial aid package
Fee bill is paid in
full
Parent
Plus Loan Refunds- Written to whomever took out the loan, and mailed home
Direct
Deposit for Students! Slide22
Late Payments
Hold on account
Cannot enroll in courses, go to the gym,
or
request
an official transcript
Late
fees
(Up to
$150
each semester)Slide23
A statement that colleges and Universities are required to issue to certain students with qualifying account activity. Provides the total dollar amount charged to an account for what is referred to as “Qualified Tuition and Related Expenses” in a single tax year.
Tax Form 1098-TSlide24
Why a student may not receive a Form 1098-T:Students whose qualified tuition and related expenses (posted in tax year) are entirely waived or paid entirely with scholarships (posted in tax year).
Students who do not maintain a separate financial account and whose qualified tuition and related expenses are covered by a formal billing arrangement between UConn and the student’s employer or government entityCourses for which no academic credit is offered
Tax Form 1098-TSlide25Slide26
Office of the Bursar
The
Office of
the Bursar is open
12 months a
year; Monday
through
Friday,
8am
- 5pm
.
You may contact us by:
Email - (
bursar@uconn.edu
)
Telephone – (860) 486-4830
In Person – On a walk-in basis.
www.bursar.uconn.edu
Slide27
For news and important information from the Office of the Bursar…
Follow us on Twitter@UconnBursar
Follow
us on
Instagram
u
connbursar
Like us on Facebook
UCONNBURSARSlide28
Q & A