Dollars & Sense

2. Dollars & Sense • FERPA, what is it? • Tuition & Expenses • The Ins & Outs of Financial Aid • Student Account Holds • Billing • Payment • Things to consider • Contact Us

3. FERPA, what is it? • Also known as The Family Educational Rights and Privacy Act (FERPA) of 1974. • FERPA is a federal law designed to protect the privacy of a student’s education records. Educational records include student account and financial aid records which are considered confidential and will not be released without written consent from the student. • All communication and correspondence takes place directly with the student.

4. 2011-2012 Projected Tuition & Fees Instruction Tuition: (Full-Time Per Term) • Resident $2,076.00 • Non-Resident $6,648.00 Mandatory Fees: • Building Fee $ 45.00 • Incidental Fee $324.71 • Health Service Fee $135.76 Total Mandatory Fees: $505.47 Total Tuition and Fees per Term: • Resident $2,581.47 • Non-Resident $7,153.47 *The listed amounts above are subject to change.

5. Tuition & Fees cont… • Residents pay $173.00 per credit for each credit above 16. • Non-Residents pay $554.00 per credit for each credit above 16. • Differential Tuition • Graduate and Professional schools have unique tuition rates. • Ecampus • OSU Ecampus offers online courses which have a separate tuition rate schedule. The credit hours are charged separately from on-campus courses. *The amounts listed above are subject to change.

6. Other Expenses Billed to Student Account • University Housing & Dining Charges • Matriculation Fees • Student Health Charges • Dixon Recreation Charges • ID Card • Course Fees • Library Fines • Emergency Loans • Beaver Yearbook • Printing Charges

7. Student Account Billing • Tuition and fee amounts are due the first of the month. • Balances remaining on the 1st day of the following month accrue interest at a rate of 1% per month, or 12% APR. • Billing reminder is sent the 5th of each month electronically to the student’s ONID email account.

8. Student Online Services • A great tool for student to find information • Has section for both Student Accounts and Financial Aid • Under Account Information: • View Balance Due and list of Charges • Sign Revolving Charge Account agreement • Enter Banking Information for refunds • Link to other resources

9. Student Online Services Cont..

10. Textbooks • The OSU Bookstore is a non-profit cooperative organization. • The Bookstore offers discounts to students on textbooks, but is independent from OSU. • Books CANNOT be billed to the University student account or ID card. • Students pay for their books at the time of purchase.

11. The Ins & Outs of Financial Aid • By now you have: • Completed your FAFSA application (if not there is still time!) • Completed any outstanding requirements. • Received your Financial Aid Award Letter. • Responded by Accepting or Declining your award. • Reported any Outside Scholarships to Financial Aid.

12. Manage your Financial Aid • Through Student Online Services you can: • Review outstanding requirements • Report outside scholarships/resources • Accept/Decline your Financial Aid • Review your Award & Track Changes • Read Messages from Financial Aid, and more! • Check your ONID email account daily. • Notify us if you are less than full time. • Awards are based on full time enrollment • Awards will not disburse if enrollment does not match • Less than full time status may reduce your award.

13. Additional Loan Requirements • Studentloans.gov is the place for you to complete: • Student Entrance Counseling for Direct Student Loans • Master Promissory Notes For Direct Student Loans • Sign it with your Federal Pin (the same as you used on the FAFSA) • Parent PLUS Loan Request/Application • PLUS Loan Master Promissory Notes • Remember: The Parent that fills out the application needs to complete the MPN. • Sign it with your Federal Pin (the same as you used on the FAFSA) • Parents select if any refund is sent to them or given to the student.

14. Additional Loan Requirements cont… • Perkins Loans require a separate Master Promissory Note. • Students receive information regarding the MPN by ONID e-mail after accepting their award. • Sign it with your Federal Pin (the same as you used on the FAFSA) • Contact the OSU Student Loan Office, Window #16, (on the first floor of the Kerr Administration Building) with any questions.

15. Using Federal Work Study • Students who accepted Federal Work-Study (CWS) as part of their financial aid package earn these funds through employment, they are not posted to the student account. • Information about Federal Work-Study jobs will be e-mailed to your ONID email address in early September. • Students apply to jobs by choosing from the on-line listing of openings, once hired they work agreed upon hours. • They receive a paycheck at the end of each month for the hours worked during the prior pay period. They can earn up to the amount of the yearly work-study award.

16. Regular Student Employment • Jobs on campus that don’t require a work-study award. • Opportunities are posted online through Beaver JobNet. • In addition to assisting students with locating regular student employment, Career Services also offers: • Career counseling • Mock interviews • Resume help • Internship searches and many more services Visit them at 008 Kerr Administration Building (basement), or online at: http:// oregonstate.edu/career

17. Using Aid to Pay Your Bill • Students are required to accept their offer of aid in order for funds to be processed and available. • Students need to register and have their tuition and fees assessed. • If requirements are met & aid is accepted, funds are disbursed directly to the student billing account. • Some off-campus scholarships may require the student’s signature prior to disbursement, contact Student Accounts for questions. • Student and Parent loans have additional requirements that must be completed prior to disbursement. • Funds are disbursed the first day of each term as a credit to the student billing account.

18. How Your Aid Applies • Federal financial aid funds can only be applied to eligible charges for the current aid year such as tuition & fees or room & board. • Federal financial aid cannot pay off charges such as parking permits, parking tickets, health service charges, emergency loans, printing, or interest. • It is actually possible to receive a refund and still have a bill! Be diligent in checking your account for any unpaid balances.

19. Refund Schedule If student’s aid is processed and posted before the term starts… • Funds direct deposited to their bank account on the 1st day of classes. After the term starts… • Financial aid is processed automatically at least weekly. • Refunds are direct deposited * Timing is everything, make sure all awards and promissory notes are completed!

20. eBilling • Current students will be notified via their ONID email account when their billing statement is ready to view. • Students need to make sure that their ONID address is active in order to access the billing website and to set up authorized users. • Student can set up their ONID account to be forwarded to an alternate email address. • The current billing statement as well as past statements can be viewed anytime through the MyBill website for up to 9 months. • Being an authorized user in MyBill does not entitle you to records protected by FERPA. http://mybill.oregonstate.edu

21. Authorized Users • Students can set up an authorized user by accessing MyBill at http:mybill.oregonstate.edu • Authorized users • Receive email notification when statements are available. • Can log on to MyBill to view and print statements. • Make payments online via eCheck.

22. MyBill Login

23. Payment Options eCheck • Available through MyBill and no fee. • Student and authorized users can input and store multiple accounts on our secure website. Credit card • Payments can be made through student online services. • OSU accepts Visa and MasterCard. • Subject to a $35 convenience fee. Paper check payments (include student ID) • By mail. • In person at the Cashier’s Office. • Campus drop boxes located in Kerr and at the Bookstore. • Cash payments at the Cashier’s Office

24. Student Account Holds & Billing • Students will be able to register if their OSU student account balance is $2,200 or less, AND outstanding charges are from only the two most recent terms. • Transcript holds are placed on accounts with unpaid prior term balances.

25. Things to consider • The student is financially obligated at the time of registration. • If the student drops and remains below 12 credits within the first two weeks financial aid may be adjusted accordingly. • Tuition and fee refund schedule for decreases in course loads: • Before classes begin 100% • Week one and two 100% • Week three 50% • Week four 25% • After week four 0%

26. Office of Business Affairs Student Accounts can be reached • By telephone at (541) 737-3775 • By email at Accounts.Receivable@oregonstate.edu • In person at our office on the first floor of Kerr Admin, windows 13 through 16 Student Accounts also has a website at: • http://oregonstate.edu/fa/businessaffairs/studentfinance/ See our handout for additional information regarding Student Accounts This presentation is also available online, the link is provided in Student Accounts handout!

27. Office of Financial Aid & Scholarships Contact Us: • Phone (541) 737-2241 • Email : financial.aid@oregonstate.edu • In Person at our office: 218 Kerr Administration Building • Office hours 8:00 – 5:00 Monday –Friday • Advisors are available by appointment from 11:30 – 4:20 Monday-Friday Home Page: oregonstate.edu/financialaid