1. HOKIE FOCUS 2006 Office of University Scholarships and Financial Aid (USFA)

2. CONTACT USFA Monday Thru Friday, 8:00am to 5:00pm Website www.finaid.vt.edu Email preferred finaid@vt.edu Phone (540) 231-5179 Email/calls returned in 72 business hours Allow Assistant Counselors to assist

3. FLASH.MAIL Electronic USFA newsletter Official announcements, updates, changes Parents encouraged to subscribe Free, no spamming Scholarship opportunities FLASH. MAIL

4. APPLICATIONS AND DEADLINES Complete FAFSA –Priority Deadline - 3/11/06 General Scholarship –Deadline - 3/11/06 Presidential Campus Enrichment Grant –Deadline – Rolling Departmental/College Scholarships –Deadline – Check w/Departments Honors – Closed until Spring 2007

5. 2006-07 AWARDS Electronic award notifications Lists aid types and amounts Including: $ Grants/Scholarships---no repay $ Work-Study---must work to earn $ Student Loans---to be repaid

7. Module Contents Module # 1 – Budgets –Goal Setting –Designing a Budget –Needs vs. Wants Module # 2 – Account Management –Types of Accounts Available and How They Work –The “Wonder” of Compound Interest –Account Maintenance Module # 3 – Credit Cards –Pros and Cons of Ownership –Account Management –Alternatives to Credit Cards

8. Module Contents Module # 4 – Debt Management –How to Control Current Debt/Manage Future Debt –Future Consequences of Debt Module # 5 – Other Benefits Available –Different Types of Financial Aid (not just for education) Module # 6 – Loan Management –Three Simple Rules to Borrowing –Terms and Conditions –Student and Car Loans Module # 7 – Consumer Rights and Responsibilities –Protecting Consumer Rights –Hazards to be Aware of Predatory Lending Identity Theft

9. What Do Other Students Think About The Program?

10. What Would You Like Your Future To Look Like?

11. YOUR FUTURE AT VT Accept Offer of Admission Pay the deposit Activate VT PID VT Orientation program in July E-bills Fall bills available July 15

12. TYPICAL COSTS Yearly Costs Virginia Resident Out-of-State Resident Tuition & Fees $6973$19049 Est. Room & Board $4766 Est. Due Per Term $5870$11908

13. WHAT DO I PAY? Fall charges Spring Charges - Fall aid - Spring aid Amount due Amount due *Any balance due must be covered by payment deadline*

14. BILL AND PAYMENT OPTIONS E-Bills - Authorized Payers Payment Options *Cash *E-Check *Check *Credit Card *Budget Tuition Plan *Other types of financial aid

15. OTHER FINANCIAL AID *Outside/Community Scholarships *Parent Loans *Alternative Loans

16. IMPORTANT REQUIREMENTS Set Up Authorized Payer(s) Report outside/community scholarships Loan recipients must complete: On-line Master Promissory Note (MPN) On-line Entrance Interview On-line Questionnaire (Perkins only) Remember to apply for aid each year

17. SPECIAL CIRCUMSTANCES Loss of Income Loss of Child Support Loss of Social Security Benefits Death of a Parent Divorced/Separated Unusual Medical Expenses

18. USFA CONTACTS: USFA Contact Information www.finaid.vt.edu finaid@vt.edu (540) 231-5179 Karen Richel Curriculum Specialist – Financial Literacy askkaren@vt.edu http://learn.vt.edu/webapps/portal/frameset.jsp?tab=courses&u rl=%2Fbin%2Fcommon%2Fcourse.pl%3Fcourse_id%3D_95096 _ Presentation available at http://www.finaid.vt.edu/Presentations/ hokiefocus06