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Money Matters: Financial Aid at the University of South Florida.

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Presentation on theme: "Money Matters: Financial Aid at the University of South Florida."— Presentation transcript:

1 Money Matters: Financial Aid at the University of South Florida

2 Financial Aid Disbursement Process/Fee Payment Bookstore Services Presentation Agenda

3 Estimated Cost of Attendance Florida Residents Fall & Spring Tuition$3,990 (2 semesters -15 credit hours/semester) Room/Board$8,080 Books$1,500 Personal $2,500 Transportation$1,600 Total$17,670 OFFICE OF FINANCIAL AID

4 Estimated Cost of Attendance Out of State Residents Fall & Spring Tuition$16,710 (2 semesters -15 credit hours/semester) Room/Board$ 8,080 Books$ 1,500 Personal $ 2,500 Transportation$ 1,600 Total$30,180 OFFICE OF FINANCIAL AID

5 FAFSA If you haven’t already applied, it’s not too late for some financial aid programs Complete your FAFSA to apply for financial aid Make sure USF’s federal school code (001537) is on your FAFSA OFFICE OF FINANCIAL AID

6 Financial Aid Web Site Access the following: Quick Updates Quick Links Obtain financial aid forms Financial Aid Programs At a Glance OFFICE OF FINANCIAL AID

7 Financial Aid Web Site Link to Financial Aid Programs at a Glance to find details on: Financial Aid Programs Award requirements Renewal requirements OFFICE OF FINANCIAL AID

8 OASIS Web Site Check outstanding requirements Complete online forms Accept awards Regularly check your financial aid awards OFFICE OF FINANCIAL AID

9 OASIS Web Site Each semester: Check for tuition and/or housing deferments Check for the Bookstore Advance Purchase Program (BAPP) Review and update your ‘Personal Information’ OFFICE OF FINANCIAL AID

10 From the OASIS MAIN MENU, choose ‘Student and Financial Aid’

11 Then choose ‘Financial Aid’

12 Choose ‘My Requirements, Bookstore Authorizations and Deferments’

13

14 Automatic Tuition Deferments Tuition Deferments  Provided to students receiving financial aid (including Bright Futures)  Tuition payment will be temporarily deferred OFFICE OF FINANCIAL AID

15 Housing Deferments  Check OASIS to see if you qualify  Review your housing contract for qualifying criteria OFFICE OF FINANCIAL AID

16 Bookstore Advance Purchase Program (BAPP) Allows students receiving financial aid to purchase their textbooks & supplies in advance of the first day of classes, prior to financial aid awards being disbursed OFFICE OF FINANCIAL AID

17 BAPP Criteria To qualify you must: Have financial aid of at least $100 in excess of all charges on your student account Be enrolled at least half-time (minimum 6 credit hours) Check OASIS prior to the start of each term to see if you qualify OFFICE OF FINANCIAL AID

18 BAPP For example, if you owe USF $3,000 for the term, you must have at least $3,100 in aid for the term to take advantage of the program OFFICE OF FINANCIAL AID

19 Tuition Differential Fee Is an additional tuition fee  Approximately $7 per credit hour above base tuition cost  Bright Futures will not pay this fee  Pre-Paid recipients may have fee removed after activation of pre-paid (You take your pre-paid card to Cash Accounting-ADM 125) OFFICE OF FINANCIAL AID

20 Florida Bright Futures Florida Academic Scholars  Pays full tuition minus differential fee  Pays educational allowance – $375 per year Annual Renewal Requirements:  3.0 GPA  Earn 12 credit hours per academic year OFFICE OF FINANCIAL AID

21 Florida Bright Futures Florida Medallion & Gold Seal  Pays 75% tuition minus differential fee Annual Renewal Requirements:  2.75 GPA  Earn 12 credit hours per academic year OFFICE OF FINANCIAL AID

22 Florida Pre-Paid Program Pre-Paid Tuition Plan  Pays for approximately 75% tuition  Remaining fees are considered local fees Pre-Paid Local Fee Plan  Pays for approximately 23% of fees associated with tuition  Remaining fees are not covered by Tuition or Local fee plans Pre-Paid Housing Plan  Pays for costs associated with specified on-campus residence halls OFFICE OF FINANCIAL AID

23 Florida Bright Futures & Florida Pre-Paid Tuition You can use both programs at the same time. Each semester: 1. FL Pre-Paid is applied to the student account first 2. Bright Futures funds are disbursed to the student account after the end of the first week of classes OFFICE OF FINANCIAL AID

24 Florida Bright Futures & Florida Pre-Paid Tuition 3. Excess funds remaining after tuition has been paid will be applied to other charges posted to your student account OFFICE OF FINANCIAL AID

25 Be Sure to Report Funds From Other Sources Federal regulations prohibit you: From receiving more financial aid than your cost of attendance From receiving need-based aid that exceeds your calculated financial need This may require an adjustment to your award OFFICE OF FINANCIAL AID

26 Report Funds From Other Sources Avoid late surprises: Report any funds not listed on your award summary in OASIS Let us know immediately using the Additional Resources form (available from the financial aid website) OFFICE OF FINANCIAL AID

27 Be A Smart Borrower! Your financial aid awards may include student loans  Low interest rates  Deferred repayments OFFICE OF FINANCIAL AID

28 Borrow Wisely! 1. Plan your budget! 2. Borrow only what you need so your eligibility doesn’t run out before you graduate! 3. Keep track of what you borrow! OFFICE OF FINANCIAL AID

29 The Loan Process To receive Federal Stafford Loan funds: 1. Complete the Entrance Interview in OASIS 2. Select a lender using the Stafford Lender Preference Form in OASIS OFFICE OF FINANCIAL AID

30 The Loan Process To receive Federal Stafford Loan funds: 3. Accept, decline or reduce your loans in OASIS --Be careful in using the “Accept all awards” link 4. Complete a Master Promissory Note with your lender --Link from the list on the financial aid website OFFICE OF FINANCIAL AID

31 University Controller’s Office

32 How Much Does It Cost? The tuition rate for undergraduate Florida residents is estimated to be $ per credit hour plus a $37 flat fee UNIVERSITY CONTROLLER’S OFFICE

33 How Much Does It Cost? The tuition rate for undergraduate out of state residents is estimated to be $ per credit hour plus a $37 flat fee UNIVERSITY CONTROLLER’S OFFICE

34 Florida Pre-Paid Program Take a copy of your Pre-Paid card to the University Controller’s Office in the Administration Building (ADM) Room 125 Contact the Florida Pre-Paid Program at for further details Tuition differential charge will be removed after activation of Florida Pre-Paid account in ADM 125. UNIVERSITY CONTROLLER’S OFFICE

35 Tuition Payment Tuition is due by the end of the first week of classes  Fall 2008—August 29, 2008 Late payment fee: $100 Late registration fee: $100 UNIVERSITY CONTROLLER’S OFFICE

36 The Student Account: How It Works 1.Charges you owe the University are posted to your student account Note: Meal plan charges will not appear on the student account until the first week of fall classes 2.Payments are applied to charges on the student account UNIVERSITY CONTROLLER’S OFFICE

37 The Student Account: Disbursement Process 3.Financial aid disburses through the student account Occurs after the 5 th day of classes Charges posted to your student account when financial aid disburses will be paid UNIVERSITY CONTROLLER’S OFFICE

38 The Student Account: Disbursement Process 4. If all charges have been paid and a credit results, remaining funds will be e- Deposited to your personal bank account (if you subscribed via OASIS) UNIVERSITY CONTROLLER’S OFFICE

39 Choose ‘Tuition & Fees’ to Sign Up for e-Deposit

40 Choose ‘SUBSCRIBE TO e-DEPOSIT’

41 Subscribe to e-Deposit In OASIS!

42 How Much Do I Owe? University Controller’s Office does not send bills Check OASIS prior to the start of each term  Click on ‘Tuition and Fees’ UNIVERSITY CONTROLLER’S OFFICE

43 Choose ‘Tuition & Fees’ “HOW MUCH DO I OWE?”

44 Choose ‘View My Account Summary By Term’

45 Student UID View Your Account Balance

46 How To Pay Your Tuition  By e-Check if you have subscribed to e-Check through OASIS  At the Cashier’s Office Administration Building (ADM) Room 131  Drop box outside ADM 131 UNIVERSITY CONTROLLER’S OFFICE

47 How To Pay Your Tuition  By mail ---Remember, the envelope must be postmarked by the due date for each term to avoid the late payment fee  Use OASIS UNIVERSITY CONTROLLER’S OFFICE

48 USF BOOKSTORE

49 Textbook Reservations Reserve online: 1. First chance at our USED books 2. Avoid lines 3. Book pickup or home delivery USF BOOKSTORE

50 Textbook Reservations Pay using: BAPP Visa, MC, Discover, AMEX USF BOOKSTORE

51 Bookstore Advance Purchase Program (BAPP) Your financial aid determines your eligibility Eligible students can use their ID as a credit card The amount you use posts as a charge to your student account USF BOOKSTORE

52 Scholarship Sales Students receiving book scholarships are processed at the main desk USF BOOKSTORE

53 Year Round Buy Back Sell your books back at the end of the semester If a book is used in the next semester, you receive 50% of the purchase price USF BOOKSTORE

54 WELCOME TO USF We’re glad you’ve chosen USF! We’re here to serve you! We’re looking forward to seeing you!

55 THANK YOU & GOOD LUCK


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