Presentation on theme: "TEMPLE UNIVERSITY BURSAR’S OFFICE bursar.temple.edu"— Presentation transcript:
TEMPLE UNIVERSITY BURSAR’S OFFICE bursar.temple.edu
The Bursar’s Office is the University’s business office that is primarily responsible for processing all payments, collecting balances due to the University and ensuring students are well informed regarding personal finances. ■The Office consists of three departments: Cash Operations – responsible for university financial transactions Credit and Collections – collection of past due accounts and maintaining institutional loan such as, Perkins Student Loans Financial Literacy and Money Matters – providing knowledge to help students master financial facts to aid in financial health- Student Loan and Money Management Center – slmm.temple.edu WHAT IS THE BURSAR’S OFFICE????
REGISTRATION INFORMATION Before registering or looking up classes for the first time each semester, students must accept the Financial Responsibility Agreement (FRA). Temple does not cancel registration for non- payment. Students that are not planning to attend must drop their registration by the end of the drop-add period. If registration is not dropped, students remain financially responsible for tuition and fee charges.
BILLING SCHEDULE Students are not billed until they are registered. Depending on the registration date, up to 3 bills could be issued for the Fall and Spring semesters. Newly registered students are billed for the first time on the Monday following their initial registration. Schedule: Fall – first bill issued July payment due August Spring – first bill issued in Dec, due in Jan Summer One – bill issued in April, due in May Summer Two – bill issued in May/June, due in June
Enroll your parent/guardian as an “authorized payer” so that they: –Will receive an notification when a bill is issued. –Can pay online. Authorized payer sign-up information: –http://bursar.temple.edu/how-to-add- authorized-payer-in-tupay Authorized Payers
TUPAY Temple’s online billing / payment system Within TUpay, students can: Access their e-bill and current balance See up-to-the-minute view of the student account Authorize a payer (parent, etc.) & make payment Authorized payers have the same TUpay functions as students, once granted access Access TUpay within TUportal: Select Student Tools and ‘TUpay’ Under Student Accounts.
BILLING INFORMATION Bill notifications are sent to the student’s official Temple account. Bill notifications are also ed to parents or others if the student designates them as an Authorized Payer. Bills are available online in TUpay. Paper bills are NOT mailed. First fall/spring bill, 50% is due.
PAYMENT OPTIONS Pay the bill in full Avoid payment plan fees and late payment fees Temple Deferred Payment Plan (fall and spring) Automatically enrolled if not paid in full by the bill due date $25 payment plan fee if not paid in full after the first bill due date $20 payment plan fee if not paid in full after the second bill due date Temple Installment Payment Plan through HES – 10 monthly payments (5 in Fall and 5 in Spring) - $50 annual fee.
HOW TO PAY On-line via TUpay – electronic check or credit card. There is a 2.75% convenience fee in addition to tuition and fees for credit card payments. There is no convenience fee for e-check payments. In person at one of the Bursar’s Office locations (115 Carnell Hall) – Cash, Check, Money Order, Tuition Remission. Credit cards are not accepted in person or via the telephone. By mail – include a check with the bill remittance and send to our P.O. Box listed on the remittance. Write TUid on check memo line.
DIRECT DEPOSIT Sign up for direct deposit via TUportal (connect to PNC site): – Select Student Tools and ‘Direct Deposit’ Under Student Accounts. – Refunds available sooner and deposited directly into your bank account. – No waiting for checks via snail mail. Direct deposit refunds are issued daily. Paper checks are generated only once a week. – PNC branch on campus – free checking!
FERPA WAIVER Federal law limits how much information we can share with parents/guardians about students. You must complete a “FERPA Waiver” allowing University offices to discuss certain information, including bills and financial aid.
SHOULD I BORROW? Always look at financial aid options first. – Grants/Scholarships University Federal State Private – Work-Study – Loans How much can I contribute without borrowing?
SHOULD I BORROW? If you decide it is necessary: – Federal Direct Loan Subsidized Unsubsidized – Federal Parent Loan for Undergraduate Students (PLUS) Based on your creditworthiness Lower interest rates than private loans Information can be found at: plus-loans
SHOULD I BORROW? Private or “alternative loans” – Available through banks or other financial institutions Usually based on your creditworthiness Higher interest rates and fees with potentially fewer borrower benefits – Use only after exhausting federal loan options – Borrow only what is needed for educational expenses – Talk to your banker first
HELPFUL HINTS FOR STUDENT SUCCESS
Create a budget Remember to budget for purchasing books, supplies, food, entertainment and transportation. Develop a monthly budget to see how much you will need to take care of these expenses. Creating and sticking to a budget helps you from running short of cash, overdrawing your checking account or overcharging on your credit cards. Use tuition calculator at to determine tuition and fee charges. HELPFUL HINTS FOR STUDENT SUCCESS
Consider taking 1 additional 3-credit course per semester. – Same tuition cost for 12 to 17 credits per semester. – Taking 15 credits per semester usually allows students to complete their requirements and graduate in 4 years. – Saves the cost of additional tuition and increases earning potential from employment.
HELPFUL HINTS FOR STUDENT SUCCESS Students taking 15 credits
HELPFUL HINTS FOR STUDENT SUCCESS Limit working while in school. – Working more than hours a week can affect students’ ability to succeed in their academic careers and/or graduate in 4 years. – Provides more flexibility in class scheduling. – Excessive earnings can impact financial aid eligibility.
BANKING HINTS FOR STUDENTS Open a Checking Account – Your first step towards establishing a credit history. – Open this account in your own name or jointly with parents or others.
BANKING HINTS FOR STUDENTS Managing Your Checking Account – Know your account balance. – Keep track of all transactions. – Use online banking to check your balance, review account activity and money transfers. – ATM balances may not reflect recent transactions. – Don’t presume the bank is able to deny a purchase because you’re out of funds. – Know about bank fees.
FINAL WORD Remember… Check Temple regularly for announcements and information. is Temple’s official method for communicating with students. Provides notice for important deadlines. Enroll in Temple Electronic Direct Deposit (TEDD) to receive their financial aid refunds faster and safer. Money Matters questions? Contact The Student Loan & Money Management SLMM.TEMPLE.EDU