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Financial Aid Office Jill Robertson Director of Financial Aid 303-273-3220.

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Presentation on theme: "Financial Aid Office Jill Robertson Director of Financial Aid 303-273-3220."— Presentation transcript:

1 Financial Aid Office Jill Robertson Director of Financial Aid

2 WHAT YOU SHOULD KNOW

3 FERPA We cannot speak to your parents regarding your financial aid We cannot speak to your parents regarding your financial aid Please help us to help your parents: Please help us to help your parents: us from your Mines with parent’s questions us from your Mines with parent’s questions Come in with your parents Come in with your parents Set up a time to come in and we can call your parent Set up a time to come in and we can call your parent Telling them to contact us will only create frustration Telling them to contact us will only create frustration

4 Financial Aid Your aid should have credited to your account on Friday (8/20/10) IF: Your aid should have credited to your account on Friday (8/20/10) IF: All your documents and requirements were complete (ie verification docs, loan forms) All your documents and requirements were complete (ie verification docs, loan forms) If the funds are not showing as credited on your billing statement, check the ‘Applicant Requirement’ tab on the Financial Aid section of Trailhead If the funds are not showing as credited on your billing statement, check the ‘Applicant Requirement’ tab on the Financial Aid section of Trailhead Problem? Come see us or us! Problem? Come see us or us!

5 Outside Scholarships Per federal regulations, all outside scholarships must be reported to the Financial Aid Office even if the check is made out to the student. Per federal regulations, all outside scholarships must be reported to the Financial Aid Office even if the check is made out to the student. You can report scholarships online using the form link under ‘Scholarships’ on the main Financial Aid website from You can report scholarships online using the form link under ‘Scholarships’ on the main Financial Aid website from Submit all outside scholarship checks to the Financial Aid Office NOT the Cashier’s Office Submit all outside scholarship checks to the Financial Aid Office NOT the Cashier’s Office

6 Satisfactory Academic Progress Scholarships Scholarships 24 credit hours (fall/spring) and a 2.5 Cum GPA 24 credit hours (fall/spring) and a 2.5 Cum GPA Evaluate at the end of the academic year (spring) Evaluate at the end of the academic year (spring) Once you lose it, you lose it for good Once you lose it, you lose it for good All other aid All other aid 12 credit hours per semester and a 2.0 semester GPA 12 credit hours per semester and a 2.0 semester GPA Evaluate each semester Evaluate each semester s will be sent to your Mines account s will be sent to your Mines account Letter will also be mailed if terminated Letter will also be mailed if terminated There is an appeal process that will be outlined in the letter and There is an appeal process that will be outlined in the letter and

7 Never Ending…. If you are receiving grants and/or student loans this requires the FAFSA to be completed (fafsa.gov) and to us by: If you are receiving grants and/or student loans this requires the FAFSA to be completed (fafsa.gov) and to us by: APRIL 1 st File by March 15 th to be safe File by March 15 th to be safe Biggest error – missing signatures Biggest error – missing signatures

8 If You Remember Nothing Else Check your Mines often Check your Mines often Place us in your contact list so does not go into spam Place us in your contact list so does not go into spam Check Trailhead often Check Trailhead often Ask questions! Ask questions!

9 Bursar’s Office Michelle Hancock Cashiering Cashiering Cashiering

10 Accessing Student Account  Self-Service Student on Trailhead, My Account Page (http://trailhead.mines.edu) enables you to:  Access student bills  Enroll in eRefund  Set up Parent/Third Party Access to make payments and view bills  Enroll in My Payment Plan  Enroll in text message notifications  Pay tuition/fees online via Check or Credit Card  Etc.  CHECK OFTEN!

11 Student Name Mom Grandpa

12 Tuition & Fees  Charges assessed each semester  All fees mandatory except for two:  Parking (Charged based on your parking selection during the registration of your vehicle)  Health Insurance  Descriptions of what fee covers available online  Cashiering  FY11 Fees

13 Health Insurance  All students are required to have health insurance while attending CSM  Students are automatically enrolled in the Student Health Benefit Plan  Can be waived online through Trailhead  Must be waived by Census Date  Health Insurance Fee is not the same as the Health Services Charge, which cannot be waived  International Students cannot waive online

14 College Opportunity Fund (COF)  Provides a tuition stipend to students classified as residents  Set annually by the Colorado General Assembly  Currently $62.00 per credit hour  Will show as COF payment on student bill

15 Receiving the COF stipend 1. Apply at https://cof.college-assist.org 2. Authorize CSM to use your COF funds through Trailhead  Once these steps are completed the stipend will be credited to the student account  Student responsible for COF amount if steps are not completed appropriately

16 Billing  Electronic Billing ONLY!  Tuition & Fees due first business day after Census Day  September 9th  There is a 5 business day grace period  Ensure Trailhead primary is correct  Outstanding balances not covered by financial aid or tuition payment plan will be assessed a late fee of 1.5% monthly  A restrictive hold will be placed on the student account as well  Do not wait for an updated bill after schedule changes…  Trailhead should be checked regularly and any additional tuition/fees assessed should be paid immediately  Manually deduct expected financial aid, scholarships, COF, Heath Insurance, if applicable.  Check Trailhead often

17 Sponsored Students  ROTC Program  45 days  Sponsor Authorization Form  Student Agreement Form  Available online   Due to the Student Receivables office by the first day of class  Any tuition and fees not covered by sponsor are due first business day after Census Day

18 Payment Options Credit Card Online Only through Trailhead Online Only through Trailhead Discover, Mastercard, and American Express are accepted Discover, Mastercard, and American Express are accepted convenience fee convenience fee Cash, Check, Wire Electronic check via Trailhead: FREE! Electronic check via Trailhead: FREE! Mail checks to: Mail checks to: Attn: Student Tuition Attn: Student Tuition Colorado School of Mines Colorado School of Mines Department 1914 Denver, CO Department 1914 Denver, CO Include CWID on all checks Include CWID on all checks Information on wire transfers is available upon request Information on wire transfers is available upon request Do not mail Cash Do not mail Cash

19 Payment Plan  $25.00 enrollment fee  Enroll online via Trailhead  Automatically withdraws funds from a credit card or bank account  Convenience fees apply for credit card use Fall 2010 Plan Start Offering Date – 04/19/2010 Final Offering Date – 09/22/2010 eNotification DateLast Enroll DateDue Dates 05/03/201005/05/ /15/201005/22/201006/05/ /15/201006/22/201007/05/ /15/201007/22/201008/05/ /15/201008/22/201009/05/ /15/201009/22/201010/05/2010

20 Refunds  Must submit refund request form  Cashier Office  Online  Receipt of disbursement: eRefund!  Checking or Savings  Student will see “ED-Informational Only” hold  Plus Loans  Refunds appear on the student account as a charge to offset the credit to bring the account to zero

21 Withdrawal Official Drop Date Credit Adjustment Less than 2 weeks (Census Date) 100% Less than 3 weeks 60% Less than 4 weeks 40% Less than 5 weeks 20% 5 weeks or more 0%

22 Deciding to attend another university?  Student must contact Admissions/Financial Aid to make a formal notification that you will not be attending CSM.  If they fail to meet the requirements for formal notification, the tuition charges will remain your personal obligation.

23 Thank you!


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