1 / 37

Managing the Maze

Finding Out What You Owe Paying Tuition How Much Will It Cost Sources of Money Managing Student Finances. Managing the Maze. Student Fiscal Services 129 SCHMITZ HALL Box 355870 Phone: 206-543-4694 Email: sfshelp@u.washington.edu www.washington.edu/students/sfs/.

elina
Télécharger la présentation

Managing the Maze

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Finding Out What You Owe Paying Tuition How Much Will It Cost Sources of Money Managing Student Finances Managing the Maze

  2. Student Fiscal Services 129 SCHMITZ HALL Box 355870 Phone: 206-543-4694 Email: sfshelp@u.washington.edu www.washington.edu/students/sfs/ Office Of Student Financial Aid 105 SCHMITZ HALL Box 355880 Phone: 206-543-6101 Email: osfa@u.washington.edu www.washington.edu/students/osfa/

  3. E-Billing: The official UW Bill • Email notification (don’t forget to forward your email) • View bill on line (MyUW) • Download and print a copy • Authorize individuals to have online, phone and in-person access to your tuition information • Links to payment methods

  4. One day late... LATE FEES $50 to $249.99  $50 $250 and over $120 Students will have holds on registration and transcripts until the past due balance is paid. The tuition payment is due on the 3rd Friday of the Quarter

  5. Student Insurance http://depts.washington.edu/ovpsa/insurance.html Must make selection and/or any changes by 7th calendar day of the Quarter

  6. TuitionForfeitures/ScheduleChanges Changes must be made by the 7th calendar day of the Quarter in order to avoid financial penalties 8th to the 30th calendar day: • $20 Add/drop fee which covers a 24 hour period • New tuition rate plus half the difference between the old and new rate • After the 30th calendar day: • $20 Add/drop fee which covers a 24 hour period • Full tuition rate

  7. Drop in slot In person in 129 Schmitz Hub Branch of US Bank You may pay by check or cash…

  8. There will be a convenience fee for each transaction Student or a 3rd Party May Pay by Credit Card https://sdb.admin.washington.edu/parents/ccpay.asp

  9. Aid Disbursement Stafford Loan Student Signs Master Promissory Note Online: dlenote.ed.gov Perkins Loan Student Signs Master Promissory Note Online: MyUW - Financial Aid Status • Federal Direct Parent Loan • for Undergraduate Students (PLUS) • Respond to the Letter from SFS Requesting Information • Sign the Master Promissory Note Online: dlenote.ed.gov

  10. Outside Sponsors • If you are receiving funds from: • Hometown Organizations • Employers • ROTC or other Government Agencies • GET Program Checks and/or contracts are sent to Student Fiscal Services CorrespondenceCheck Payments University of WashingtonUniversity of Washington Student Fiscal ServicesStudent Fiscal Services 129 Schmitz Hall PO Box 24967 Box 355871Seattle, WA 98124-1967 Seattle, WA 98195-5871

  11. Short Term Loans Maximum available is $2500 (undergrad); $3200 (graduate/professional) Apply to tuition or receive cash MyUW’s Personal Services – click on “Short Term Loan Application”

  12. Generally, tuition and fees are paid first Disbursement of Financial Aid: Loans, Scholarships & Grants Depending on the stipulations of the sponsor, the balance may be available to the student.

  13. Financial Aid

  14. How Much Will It Cost? ACADEMIC COSTS PER YEAR Tuition Non-Resident Books and Supplies Room & Board Personal Expenses Health Insurance Transportation Parking $23,210 $1,035 $8,640 (7,488*) $2,265 $1,419 $396 $1,122** *Residence hall contract – gold meal plan (double occupancy). **2008-09 rates (est.)

  15. FAFSA Free Application for Federal Student Aid • Must file the FAFSA each year to be considered for financial aid • FAFSA must be filed after January 1st • The application must be dated as received by the federal processor by February 28 for priority consideration • The receipt date reflects when the servicer processes and stamps your application • Transmit your application (or mail the form) no later than February 15 • Continuing student award letters - notices emailed in late spring/early summer

  16. Employment & Work Study http://www.washington.edu/admin/hr/jobs/student_empl_links.html

  17. Stafford Loans • Student is the borrower • Current interest rate beginning 7/1/08 – 6.0% fixed subsidized, 6.8% unsubsidized • Repayment begins 6 months after student drops below ½ time, leaves school or graduates • Deferment – a period in which repayment of the principal balance is postponed (www.dlssonline.com) • Sign online at http://dlenote.ed.gov/

  18. Subsidized Loan Need based Interest paid by government while student attending school ½ time or more Unsubsidized Loan Non-need based Government does not pay interest Students have option of paying interest while attending school or have it added to the principal Sub vs. Unsubsidized Stafford

  19. PLUSParent Loan for Undergraduate Students • Non- need based • 7.90% interest rate • Repayment begins 60 days after the final loan disbursement for the period of enrollment for which your parent borrowed or a deferment may be requested while you’re enrolled at least half time • Funds electronically transferred to the student’s account unless parent indicates otherwise

  20. If the PLUS loan is denied by the Direct Loan Program, the student may be eligible for up to $4000/$5000 in additional Unsubsidized Stafford Loan Additional amount depends upon class code limit and unmet cost of attendance Written confirmation from the parents that they will not try to re-apply for the PLUS must be provided to the OSFA before the additional loan can be authorized PLUS Denial

  21. Aid Disbursement Stafford Loan Student Signs Master Promissory Note Online: dlenote.ed.gov Perkins Loan Student Signs Master Promissory Note Online: MyUW - Financial Aid Status • Federal Direct Parent Loan • for Undergraduate Students (PLUS) • Respond to the Letter from SFS Requesting Information • Sign the Master Promissory Note Online: dlenote.ed.gov

  22. Short Term Loans Maximum available is $2500 (undergrad); $3200 (graduate/professional) Apply to tuition or receive cash MyUW’s Personal Services – click on “Short Term Loan Application”

  23. Scholarships UW Scholarships Office – website and list-serv http://www.washington.edu/students/ugrad/scholar/ • Possible sources for scholarships: • The Office of Student Financial Aid • The Undergraduate Scholarship Office • Academic Advisors • Professors/Departments • Hometown Organizations • Employers • ROTC • Library Reference Sections Timeline: Plan ahead and meet with mentors during Summer and Autumn Quarters, keeping in mind that deadlines generally occur during Winter Quarter and interviews in the Spring.

  24. Generally, tuition and fees are paid first Disbursement of Financial Aid: Loans, Scholarships & Grants Depending on the stipulations of the sponsor, the balance may be available to the student.

  25. Managing Student Finances

  26. Student can receive aid 2 ways • 1. Direct Deposit into the student’s bank account • To set up – log on to http://myuw.washington.edu • Go to Direct Deposit Transfer under “Student Personal Services” • 2. Through the US mail to the student’s address • A request needs to be made a day in advance of mailing: • web: www.washington.edu/students/sfs/ • email: sfshelp@u.washington.edu • telephone: (206) 543-4694 In-person pick up of checks is not available

  27. For information read IRS publication 515 IRS web site: http://www.irs.gov/ UW tax web site: www.washington.edu/students/sfs/sao/maintax.html Tax Questions for Student Fiscal Services Email: taxquest@u.washington.edu Managing Your Finances

  28. Money 101 Managing Your Finances Didyou know that the average undergraduate owes $3,262 on credit cards? Loan debt can burden students early on. ‘Money 101’ can help! These interactive workshops focuses on several aspects of responsible money management including: credit reports, fraud, credit cards, earnings & savings, budgets and investments. Contact us! sfscust@u.washington.edu http://www.washington.edu/students/sfs/outreach/index.html

  29. OVERAWARDS • Official Withdrawal • student notifies the University that he/she will no longer attend any classes • the institution determines that they will not permit the student to continue enrollment • Unofficial Withdrawal • student does not officially withdraw but does not continue attending classes throughout the quarter • if a student does not pass any classes, he/she is assumed to have unofficially withdrawn • Over Awarded Financial Aid • student receives more financial aid than he/she is eligible to receive Financial Aid Disbursement

  30. http://www.washington.edu/parents/ Parent Guide

  31. Residency Requirements www.washington.edu/students/reg/residency.html To be classified or reclassified as a resident, for tuition and fee purposes, a student must establish a bona fide domicile in the state of Washington primarily for purposes other than educational for the period of one year immediately prior to classification as a resident. A nonresident student who is enrolled for more than 6 credits a quarter will be presumed to be in the state of Washington for primarily educational purposes.

  32. Student Fiscal Services 129 SCHMITZ HALL Box 355870 Phone: 206-543-4694 Email: sfshelp@u.washington.edu www.washington.edu/students/sfs/ Office Of Student Financial Aid 105 SCHMITZ HALL Box 355880 Phone: 206-543-6101 Email: osfa@u.washington.edu www.washington.edu/students/osfa/

More Related