Dollars & Sense Brought to you by:

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Presentation transcript:

Dollars & Sense Brought to you by: Student Account Services and Financial Aid

Dollars & Sense Tuition & Expenses How Financial Aid Works Billing Payment Withdrawing From Classes Student Account Holds Contact Information OREGON STATE UNIVERSITY

Total Tuition and Fees per Term: 2018/19 Tuition & Fees Instruction Tuition (based on 15 credits): Resident $3,145.00 Non-Resident $9,455.00 Mandatory Fees: Building Fee $45.00 Incidental Fee $381.23 Health Center Fees $165.74 Total Tuition and Fees per Term: Resident $3,736.97 Non-Resident $10,045.97 OREGON STATE UNIVERSITY *The listed amounts above are subject to change.

Tuition & Fees con’t. Overtime Tuition (more than 15 credits) Residents pay $203.00 per credit Non-Residents pay $608.00 per credit Differential Tuition Undergrads, Graduates and Professional schools may have unique tuition rates Ecampus Tuition Online courses have a separate tuition rate schedule Credit hours are charged separately from on-campus courses OREGON STATE UNIVERSITY *The listed amounts above are subject to change.

Other Expenses Billed to Student Account Course Fees ID Card Matriculation Fee University Housing & Dining Charges Student Health Charges Dixon Recreation Charges Parking Fines Printing Charges Library Fines OREGON STATE UNIVERSITY

Student Account Billing Email sent after the 5th of each month Due 1st of the month, after the bill is sent Interest Balances remaining accrue interest at 1% per month, or 12% APR Degree Partnership Program students pay their tuition at their partner school. OREGON STATE UNIVERSITY

The Billing Cycle Classes Begin Bill Sent Bill Due FALL Sept 20 Oct 6 Nov 1st WINTER Jan 7 Jan 6 Feb 1st SPRING Apr 1 Apr 6 May 1st OREGON STATE UNIVERSITY

Online – mybill.oregonstate.edu View your Bills Set up Authorized Users Make Payments OREGON STATE UNIVERSITY

Confidentiality Release vs. Authorized User FERPA: Family Educational Rights and Privacy Act of 1974 Protects student’s educational & financial records Info can’t be released without written student consent Forms available at Financial Aid or Student Accounts Services Student can revoke at anytime Authorized users: Have access to MyBill Students can set up an authorized user in MyBill Receive email notification of monthly statements Can view and print statements Can make payments online via eCheck Can make payments online via OREGON STATE UNIVERSITY

MY OSU MyOSU is the University's portal for students, faculty, and staff.. OREGON STATE UNIVERSITY

My OSU OREGON STATE UNIVERSITY

Paying for College MyOSU>Paying for College: Check requirements, sign up for direct deposit, get award information, pay your bill, and more! OREGON STATE UNIVERSITY

Financial Aid Information Student Account Information Financial Aid Information OREGON STATE UNIVERSITY

How Financial Aid Works Federal Financial Aid* = *including federal direct loans! OREGON STATE UNIVERSITY

How Financial Aid Works To receive aid when you start classes, you must have: Accepted your Financial Aid Completed Outstanding Requirements Completed MPN and Entrance Counseling You need to notify us if: You will enroll less than Full Time (<12 credits) You receive an Outside Scholarship Check your OSU email frequently Use MyOSU to access your Financial Aid information! OREGON STATE UNIVERSITY

Program Enrollment Requirements Bridge to Success (OR Resident) Must complete 36 credits per year Must be Full-time each term (at least 12 credits) Degree Partnership Program Students must take 6 credits per term at OSU to receive: Non-Resident Tuition Grant Oregon State University Scholarships OREGON STATE UNIVERSITY

Federal Direct Loan Requirements Entrance Counseling Master Promissory Note Parent PLUS Loan OREGON STATE UNIVERSITY

Textbooks The OSU Beaver Store (campus bookstore) is a student-governed nonprofit company. Books CANNOT be billed to the University student account or ID card. Students pay for their books at the time of purchase. Can also rent textbooks or look for used books online. OREGON STATE UNIVERSITY

Estimating Your Term Charges Worksheet provided in student folder Do NOT return to OSU Charges Tuition & Fees Fee Schedule on OSU webpage Housing Meal Plan Financial Aid Award Viewable through MyOSU Positive Balance = Remaining balance owed to OSU Negative Balance = Estimated refund to student Expenses not charged to your account Books/Supplies Personal/Misc OREGON STATE UNIVERSITY

Using Aid to Pay Your Bill Now … Accept Aid & Register for classes Fall Term … Tuition & fees are applied to the student’s OSU billing account Aid & Outside scholarships applied to all eligible charges Aid is disbursed as a payment to the student billing account the week before term starts* Degree Partnership Program students pay their tuition at the partner school * Timing is everything, make sure all awards and promissory notes are completed! OREGON STATE UNIVERSITY

How Your Aid Applies Federal financial aid can be applied to: Tuition & enrollment fees Housing & Dining eligible charges in the current aid year Federal financial aid cannot pay for: Parking tickets & permits Health service charges Printing lab fees Interest Other types of aid apply the same as cash Outside scholarships Alternative loans OREGON STATE UNIVERSITY

Outside Scholarships Send to Student Account Services: (Kerr Admin Bldg): Mail: OSU, PO BOX 1086, Corvallis, OR 97339-1086 e-mail: OutsideScholarshipPayments@oregonstate.edu Outside Scholarship Disbursement schedule (unless specified by the donor) Under $3,000 applied to 1 term Over $3,000 divided over 3 terms Enrollment Verifications go to: MyOSU > Student Tab > Enrollment Verification > National Student Clearinghouse > click on Obtain an Enrollment Certificate. OREGON STATE UNIVERSITY

“Refund” to Student for “Excess” Aid IF funds are processed and posted… Before the term starts: Any refund will be deposited to the student’s bank account by the 1st day of classes After the term starts… Refunds are processed automatically at least weekly It is possible to receive a refund and still have a balance owed OREGON STATE UNIVERSITY

Bill Payment Options eCheck Credit card Check (include student ID) Available through MyBill and no fee Student and authorized users can input and store multiple accounts on our secure website Credit card Pay through MyOSU Visa and MasterCard Subject to a convenience fee Check (include student ID) By mail In person at the Cashier’s Office. Campus drop box located in Kerr. Cash Payments at the Cashier’s Office OREGON STATE UNIVERSITY

Student Account Management We don’t “un-enroll” for non-payment, but… Registration Hold (block) If balance is over $2,200 If unpaid charges older than the two most recent terms If taking term off (except Summer), must pay in full to return Transcript Hold Placed on accounts with prior term unpaid charges OREGON STATE UNIVERSITY

Withdrawing From Classes The student is financially obligated at registration Tuition and fee adjustments for decreases in course loads: Before classes begin 100% Week one 100% Week two and three 50% After week three 0% Dropping classes may affect Financial Aid awards OREGON STATE UNIVERSITY

Other Account Services Account detail in MyOSU Account inquiries and counseling Third-party Billing Emergency Loans General financial education materials OREGON STATE UNIVERSITY

Office of Business Affairs Contact us: Email: StudentAccountServices@oregonstate.edu Phone: (541) 737-3775 In person: Kerr Admin Building, 1st Floor Monday - Friday 8:30 - 4:30 Website: http://fa.oregonstate.edu/ Access this presentation: OSU main page, search for “Dollars and Sense” OREGON STATE UNIVERSITY

Office of Financial Aid Contact Us: Phone: (541) 737-2241 Emails: financial.aid@oregonstate.edu scholarship.office@oregonstate.edu dpp@oregonstate.edu In Person: 218 Kerr Administration Building Office hours: 8:00am – 5:00pm Monday – Friday 10:00 am – 5:00pm Wednesday Advisors: Walk-in appointments 8:00am – 4:00pm Monday – Friday 10:00am – 4:00pm Wednesday Home Page: financialaid.oregonstate.edu OREGON STATE UNIVERSITY