1. Money Matters New and Transfer Student 2016 Orientation Presented by the Office of Student Financial Aid Services & Bursar’s Office

2. Presentation is available online on the Office of the Bursar Website (www.bursar.uconn.edu) :www.bursar.uconn.edu

3. Financial Aid Discussion Items Financial Aid Timeline Financial Aid and the Fee Bill Student Loan Process Wrap-Up Topics

4. Complete Free Application for Federal Student Aid (FAFSA) 2015-2016 Receive, Review and Accept Aid Submit all requested documents in a timely manner Review fee bill and select payment options Financial Aid Timeline

5. UConn email Student Administration System Financial Aid Communications

6. Full time enrollment = 12+ Credits Part time = Between 6 and 11 Credits Less than part time = under 6 Credits Enrollment

7. Financial Aid and the Fee Bill

8. Undergraduate Loans at a Glance ProgramBorrowerCredit Check Required Interest Rate As of 7/1/15 Interest accrualOrigination Fee Repayment Begins Federal Perkins Loan Students with financial need No5.00%Nine months after graduation 0%Nine months after graduation Federal Direct Subsidized Stafford Loan Students with financial need No4.29%Six months after graduation 1.068%Six months after graduation Federal Direct Unsubsidized Stafford Loan StudentsNo4.29%Once loan is disbursed 1.068%Six months after graduation Federal Direct PLUS Loans ParentsYes6.84%Once loans is disbursed 4.272%Sixty days after second disbursement unless deferred Private/ Alternative Loans Students with a creditworthy cosigner YesVariable or fixed; usually depend on borrower and cosigner credit scores Once loan is disbursed Varies by loan product

9. Applying for Federal Direct Stafford Loans 1 Via the Student Administration System, the student reviews and accepts all or any portion of the Federal Stafford loan(s) 2 The student completes Master Promissory Note online http://www.studentloans.gov 3 The student completes Entrance Counseling online http://www.studentloans.gov The process for applying for Federal Direct Subsidized and Unsubsidized Stafford Loans is as follows:

10. Federal Direct Parent Loans for Undergraduate Students (PLUS) Student accepts PLUS eligibility through Student Administration Self Service Parent completes an online application via www.studentloans.gov www.studentloans.gov Online process became available for the 2015- 2016 academic year on April 1, 2015 Credit check will be performed by the US Department of Education Applying for Federal Direct Plus Loans

11. Consider Federal Perkins, Stafford, and PLUS loans before applying for a private loan Private/Alternative Student Loans Better Interest Rates Federal loan interest rates are fixed No credit checks for Perkins and Stafford Less-stringent credit criteria for PLUS Repayment Options Forbearance options

12. Wrap-Up Working On Campus Scholarship Information Appeals On-Time Deadline Reminder FERPA

13. Office of Student Financial Aid Services The Office of Student Financial Aid Services is open 12 months a year; Monday through Friday, 8am - 5pm. You may contact us by: Email - (financialaid@uconn.edu)financialaid@uconn.edu Telephone – (860) 486-2819 In Person – On a walk-in basis. http://financialaid.uconn.edu @UConnFinAid

14. Spring 2016 Bills are posted online and email notifications are sent out in late November Due Date: January 8, 2016 Fall 2016 Bills are posted online and email notifications are sent out in June Due Date: August 1, 2016 University Fee Bills

15. Live Bill- Updated daily with charges Charges are posted from: Residential Life Dining Department Health Services Parking Department

16. University Fee Bills Waiving Health Insurance

17. Student View

18. Become an Authorized User Student must give others access to view and pay the bill

19. Authorized User View

20. Methods of Payment Electronic Check online Credit Card online (2.75% convenience fee) - VISA, Mastercard, Discover, American Express, JCB, BC Card, DinaCard, and Diner’s Club Mail in a check Pay in person with check/cash 529 Plan Payment Payment Plan $45 enrollment fee, must re-enroll each semester Fall Semester: July 15 th, August 15 th, September 15 th, & October 15 th Spring Semester: December 15 th, January 15 th, February 15 th, & March 15 th

21. Refunds Refunds are written when: Financial Aid is processed and disbursed Enrollment matches financial aid package Fee bill is paid in full Parent Plus Loan Refunds- Written to whomever took out the loan, and mailed home Direct Deposit for Students!

22. Late Payments Hold on account Cannot enroll in courses, go to the gym, or request an official transcript Late fees (Up to $150 each semester)

23. A statement that colleges and Universities are required to issue to certain students with qualifying account activity. Provides the total dollar amount charged to an account for what is referred to as “Qualified Tuition and Related Expenses” in a single tax year. Tax Form 1098-T

24. Why a student may not receive a Form 1098-T: – Students whose qualified tuition and related expenses (posted in tax year) are entirely waived or paid entirely with scholarships (posted in tax year). – Students who do not maintain a separate financial account and whose qualified tuition and related expenses are covered by a formal billing arrangement between UConn and the student’s employer or government entity – Courses for which no academic credit is offered Tax Form 1098-T

26. Office of the Bursar The Office of the Bursar is open 12 months a year; Monday through Friday, 8am - 5pm. You may contact us by: Email - (bursar@uconn.edu)bursar@uconn.edu Telephone – (860) 486-4830 In Person – On a walk-in basis. www.bursar.uconn.edu

27. For news and important information from the Office of the Bursar… Follow us on Twitter @UconnBursar Follow us on Instagram uconnbursar Like us on Facebook UCONNBURSAR

28. Q & A