Welcome To NEUMANN UNIVERSITY

1. Welcome ToNEUMANNUNIVERSITY Everything you ever wanted to know about financial matters but were afraid to ask

2. IMPORTANT! IMPORTANT! • FERPA (privacy act) • Make sure that your son/daughter fills out the waiver form so that we can discuss student info with you • Neumann e-mail address • Students “must” use their email address • Instructors email students through Neumann email • Departments email students through Neumann email • Parent email address -- we need it! • Resident student mail boxes check them daily

3. Who should apply for a FAFSA? • Everyone! Everyone! Everyone! • Anyone who does not want to pay in full for their student’s tuition! • Did we mention EVERYONE ??? • IT’S ABSOLTELY FREE !!!

4. What does a FAFSA do? • Determines your eligibility for need-based aid • First step in allowing you to apply for a Federal Direct Student Loan • Allows you to apply for internal grants and scholarships • Allows you apply for external grants and scholarships

5. How do I apply for a FAFSA? • www.pin.ed.gov • The Personal Identification Number (PIN) serves as your identifier to let you access your personal information • www.fafsa.ed.gov • not www.fafsa.com • notwww.fafsa.org

6. How do I pay for my education? • FREE MONEY FROM THE GOVERNMENT • Federal Pell • SEOG (Supplemental Educational Opportunity Grant) • State Grant • Federal Work Study

7. What is the process of verification? • 33% chance of being selected by the government or institution • Financial Assistance Office requires the following • Student/parent to complete Verification Worksheet • Student /parent signed federal tax returns and supporting schedules • Financial Assistance Office May need 1099 forms and/or W-2’s from student /parent • FINANCIAL AID AWARD CANNOT FINALIZED UNTIL VERIFICATION PROCESS IS COMPLETED!!!

8. State grant deadlines… • Know your state grant deadlines • April 15th for the State of Delaware 1-302-577-3240 • May1st for the State of Pennsylvania 1-800-692-7392 • Freshman must complete Status Notification form for eligibility

9. What is a Federal Work Study Job? • Funds you earn • Not deducted from your tuition bill • Can work no more than 12 hours per week • Paid bi-weekly through direct deposit to student’s bank account (student bank account mandatory) • Sources of ID needed: • Driver’s License • Birth Certificate • Social Security Card • Photo Student ID Card

10. What is a student loan? • Federal Direct Student Loans (guaranteed loans) • Subsidized (government pays the interest while in school) estimated interest rate 3.4% • Unsubsidized (option to pay interest or capitalize while in school) estimated interest rate 6.8% • This requires a Master Promissory Note (MPN) signed using your 4 digit FAFSA pin • Apply through www.studentloans.gov

11. This is the Web site!!!!!!

12. Entrance Interview and Master Promissory Note • An entrance interview must be completed by the student loan funds can be processed to their tuition account • Once the entrance counseling is completed, the student must sign a Master Promissory Note (MPN) • An MPN is signed by using the student’s 4 digit FAFSA pin • Complete both of these at: • www.studentloans.gov

13. What is a Parent Plus Loan? • Parent PLUS loans estimated interest rate 7.9% • Can only be in a parent’s name • Credit check is required • If credit is denied, student is eligible for additional unsubsidized portion of student loan • Repayment starts 6 months after the first disbursement • Can postpone payments while student is in school (up to six months after student leaves school)

14. What is an Alternative Loan? • A private loan that is based on credit • Most need a credit-worthy co-signer, doesn’t have to be the parent • Many private loans have a “tiered” interest rate • The better the credit rating, the better the interest rate • Repayment begins after a 6 month period of separation • Can defer interest while in school • Can pay on entire loan while in school • Co-signer is responsible for loan if student does not pay • After 24 -36 consecutive, on-time payments, co-signer can be released from payment obligations • Co-signer must contact lender and request release • www.elmselect.com website to use for comparisons

15. Tuition & Fees Fall 2011 through Summer 2012 Commuter (12 to 19 credits) Undergraduate Tuition – Full-Time (per semester) Tuition $11,238.00 General Fee 292.00 SGA Fee 70.00 Technology Fee 75.00 Total per semester $11,675.00

16. Tuition & Fees Fall 2011 through Summer 2012 Resident Undergraduate Tuition – Full-Time (12 to 19 credits) Tuition $11,238.00 General Fee 292.00 SGA Fee 70.00 Technology Fee 75.00 Room 3,130.00 Board (19 meal plan) 2,192.00 bonus points - 100 Total per semester $16,997.00

17. How do I pay for my education? • Business Office Payment Plans • Higher Education Services (10 month payment plan) • June to April - $60 annual fee (includes life insurance) • Deferral Plan ($40/per semester) • ¼ first payment August • ¼ second month September • ¼ third month October • ¼ final month November • Repeats for the next semester • see brochures for details

18. How do I pay for my education? • E-COMMERCE • PAY for Tuition on-line • 24/7 THROUGH WEB-ADVISOR • Credit card OR Electronic Check • NO SERVICE CHARGE • All you need to LOG ON is your: son/daughter’s ID AND PASSWORD • PASSWORD – DEFAULTS TO BIRTHDATE

19. STUDENT MEAL PLANS New Freshmen Resident Students: Mandatory for first year - 19 Meal Plan (110 bonus points)

20. Commuter Block Plans • 15 Block Plan: 15 meals $110.00 • 30 Block Plan: 30 meals $208.00 • 50 Block Plan: 50 meals $329.00 • 30 Superblock Plan: 30 meals $508.00 Plus $275.00 bonus points • 50 Superblock Plan: 50 meals $571.00 Plus $235.00 bonus points

21. NEUMANN POINTS

22. NEUMANN POINT USES Purchase meals Knights Café, Crossroads Bookstore Books, clothes, supplies (everything) Laundry

23. HEALTH INSURANCE All full-time students are required to have health insurance: • Need to provide proof of health insurance • Easy On-line Insurance waiver processing • WWW.NEUMANN.EDU • Student Life • Health Services • Enroll/Waive Health Insurance or • Purchase health insurance - $684.00 per yr (FY 2010-2011).

24. IMPORTANT DATES Fall Semester • Bills will be mailed beginning of July • Payment due date – Wednesday, August 3rd • Classes begin – Monday, August 29th

25. ORDERING TEXTBOOKS ON LINE Fall textbooks available online- around June 15th Used books, and Rental Books are first come-first served Go to the Neumann University website www.neumann.edu Student Life Campus Store

26. BOOKS ON RESERVE • The Campus Store boxes up all your textbooks for you. • Pick up your books as early as the second week in August. or • Visit the Campus Store during Freshmen orientation weekend to pick up your books. • The receipt for your purchases will be in your box. • It is VERY IMPORTANT to keep your receipt, in case you need to return or exchange a textbook for any reason.

27. CAMPUS STORE HOURS • If you prefer to visit the Campus Store to purchase or rent your textbooks, we suggest you visit the second week in August to insure that all your books will be available in the store. • Summer hours of operation: Monday Thru Thursday 8:30-5:00 Friday 8:30-4:00 • The store is initiating a Customer Loyalty Program in the Fall. Students will be rewarded for their patronage . Any student reserving books on line will automatically be signed up for the Customer Loyalty Program.

28. IMPORTANT WEBSITE INFO • WWW.NEUMANN.EDU Business Office use “site map” – “Business Office” (Business Office appears on left hand side) Financial Assistance Office use “site map” - “Admissions” to “Financial Assistance” Web-Advisor use “jump to” – “Web-Advisor” Student log-on – right hand side

29. STUDENT REFUNDS • 14 DAYS TO REFUND • PLUS Loans • RESIDENT STUDENTS – delivered to mailbox • Make it a habit to check student mailbox daily • COMMUTER STUDENTS – mailed home • Have permission from student to open their Neumann University mail

30. THANK YOU! Any Questions? ? ? ? ? ?

31. SEE YOU IN AUGUST!!