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LEAVE THIS SPACE CLEAR Presented by: University Scholarships & Financial Aid Services (USFAS) LEAVE THIS SPACE CLEAR Money Matters: Part 1: Financial Aid.

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Presentation on theme: "LEAVE THIS SPACE CLEAR Presented by: University Scholarships & Financial Aid Services (USFAS) LEAVE THIS SPACE CLEAR Money Matters: Part 1: Financial Aid."— Presentation transcript:

1 LEAVE THIS SPACE CLEAR Presented by: University Scholarships & Financial Aid Services (USFAS) LEAVE THIS SPACE CLEAR Money Matters: Part 1: Financial Aid Process for Transfer Students

2 LEAVE THIS SPACE CLEAR Money Matters Session Goals Two part presentation: University Scholarships & Financial Aid Services (USFAS) Goal-Help you understand the financial aid process at USF, provide tools for you to monitor your aid application and explain how you get your aid University Controllers Office (UCO) Goal-Help you understand what you owe, when and how to pay

3 LEAVE THIS SPACE CLEAR Agenda-Money Matters Part 1 USFAS website to understand the financial aid process, policies and more… Using OASIS to find answers and monitor your financial aid status… Tools to help you budget for college costs Florida Bright Futures Tuition Deferments

4 LEAVE THIS SPACE CLEAR Agenda-Money Matters Part 2 Using OASIS to see what you owe and how to pay the bill Important Payment Information How Financial Aid Pays Your Bill Florida Pre-Paid

5 LEAVE THIS SPACE CLEAR

6 LEAVE THIS SPACE CLEAR OASIS : Answers your questions 24/7!

7 LEAVE THIS SPACE CLEAR OASIS Main Menu After login, select the Financial Aid tab

8 LEAVE THIS SPACE CLEAR Financial Aid Year Selection Menu Select 1011 for summer 2011 or Select 1112 for fall 2011/spring 2012

9 LEAVE THIS SPACE CLEAR Financial Aid Main Menu

10 LEAVE THIS SPACE CLEAR Estimated Cost of Attendance (fall and spring) Based on Costs Tuition…………………………………… $5,200 (15 credit hours/semester) Room/Board…………………………………………………………………….…$9,000 Books……………………………………………………………………………….…$1,500 Personal……………………………………………………………………… …….$2,500 Transportation……………………………………………………………………$1,600 Total for Florida Residents………………………………………………….$19,800 Non-Resident Tuition Fee…………………………………………………..$10,810 Total for Non-Residents………………………………………………………$30,610 *Tuition rate is currently $ per credit hour plus $37 flat fee per semester *Non-resident fee is currently $ per credit hour plus $37 flat fee per semester *Final tuition rates will be available late July 2011

11 LEAVE THIS SPACE CLEAR Florida Bright Futures Scholarships

12 LEAVE THIS SPACE CLEAR Florida Bright Futures New for ! All Bright Futures recipients must complete the Free Application for Federal Student Aid (FAFSA)

13 LEAVE THIS SPACE CLEAR Florida Bright Futures (contd) Florida Academic Scholars- $101 per credit hour Florida Medallion Scholarship- $76 per credit hour Gold Seal Vocational Scholars- $76 per credit hour You will receive Bright Futures even if you have other types of aid that pay your tuition/fees, including Florida Pre-Paid Plans

14 LEAVE THIS SPACE CLEAR Florida Bright Futures (cont.) You must repay the university for any courses dropped or withdrawn from that were paid with Bright Futures funds – Bright Futures funds are not available during the summer

15 LEAVE THIS SPACE CLEAR Tuition & Fee Deferments

16 LEAVE THIS SPACE CLEAR Tuition Deferments Tuition Deferments for financial aid recipients – Automatically provided if you have Bright Futures and/or a USF scholarship or if you have a FAFSA on file by the deadline announced on the USFAS website – Prevents cancellation for non-payment – After you register, check OASIS to see if you qualify; remember check each term – Provides temporary extension to pay tuition

17 LEAVE THIS SPACE CLEAR Take 15!..credit hours each semester

18 LEAVE THIS SPACE CLEAR Staying eligible for aid means: not enrolling in classes that are not needed for your degree program having a 2.0 GPA by the time you are in junior standing completing at least 67% of the courses in which you enroll each term attaining a bachelors degree in less than 180 hours attempted FINISH WHAT YOU START! Things for you to consider as you enroll in classes

19 LEAVE THIS SPACE CLEAR Repaying Bright Futures for dropped courses Reaching the 120 credit hour limit on Bright Futures and not having a degree Being able to enroll but losing aid for low completion ratio (67%) or low GPA (less than 2.0) Paying excess hours charges for credit hours attempted over 144 Paying repeat course surcharges if a course is taken for a third time Impact of Enrollment Decisions

20 LEAVE THIS SPACE CLEAR Be A Smart Borrower! Your financial aid awards may include student loans which have: – Low interest rates – Deferred repayments Borrow only what you need! Remember to use our cost calculators!

21 LEAVE THIS SPACE CLEAR Use our cost calculators to determine actual costs and budget wisely! Cost Calculators

22 LEAVE THIS SPACE CLEAR Next Steps Register! Complete aid file and unsatisfied requirements Read and accept Terms & Conditions Accept your awards in OASIS Complete MPN & Entrance Interview if loans are accepted

23 LEAVE THIS SPACE CLEAR Next Steps (continued) Pay close attention to s you receive/keep address current in OASIS Sign up for eDeposit in OASIS Notify UCO of 3 rd party payments Pay your bill by the deadline if not receiving a deferment Review this presentation on our website (www.usf.edu/finaid)www.usf.edu/finaid

24 LEAVE THIS SPACE CLEAR Thank You! Be sure to return for Part 2 of the Money Matters session! LEAVE THIS SPACE CLEAR


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