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Welcome to Indiana University of Pennsylvania Office of the Bursar.

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Presentation on theme: "Welcome to Indiana University of Pennsylvania Office of the Bursar."— Presentation transcript:

1 Welcome to Indiana University of Pennsylvania Office of the Bursar

2 Office Location Clark Hall Student Services Building  Bursar Office – First Floor  Financial Aid – Second Floor  Registrar Office – Third Floor

3 Bursar Functions Issue Student Bills Receipt student payments Receipt and apply aid to student accounts Calculate and disburse University refunds 3 rd party billings including:  OVR  Military  Private Scholarships: church, civic organizations, employers, etc.

4 Additional functions Collection of delinquent accounts Process non-student revenue –Library fines –Parking fines –Crimson Cash

5 Financial Terms and Conditions Promise to Pay Is a promissory note agreement whereby the student accepts full responsibility to pay all tuition and fees as a result of their registration for classes. Students must accept the Financial Terms and Conditions before they can register for classes. Once accepted, the promissory note remains enforce as long as the student is continuously registered. For more information and to read the entire agreement please go to our website at http://www.iup.edu/bursar/policies/financial-terms-and- conditions /.

6 Billing Information Electronic billing process; no paper bills Email notification to students IUP email account Referred to as “IUP EasyPay”

7 Per Credit Tuition Model The per credit tuition model applies only to undergraduate students who domicile in Pennsylvania. There are three years of discounted tuition rates: 7 percent discount in the first year (2016-17); 4 percent discount in the second year (2017-18); and 1 percent discount in the third year (2018-19). For more information on the model and the two new programs to provide financial support to qualified students: The Academic Success Initiative, based on academic achievement, and a new Need- Based Grant, please visit our website http://www.iup.edu/bursar/faq/per-credit-tuition-model. http://www.iup.edu/bursar/faq/per-credit-tuition-model

8 IUP EasyPay Encourage students to give parent/guardians authorization Parents/guardians access IUP EasyPay from www.iup.edu/bursar click the IUP Easypay link using their authorized log in information only. www.iup.edu/bursar Emails sent to student’s IUP email account and to authorized user email account.

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10 IUP EasyPay e-billing Information Student access bills through MyIUP in IUP-EasyPay system. “Real-time system” –Bill is static – month to month –All changes appear under “current activity” tab

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13 Tuition and Fees New rates not available until July 2016 (Estimated rates (including room/board) PA resident (FT) $10,615 per semester Meal Plan 14F 4 person shared suite

14 Tuition and Fees New rates not available until July 2016 (Estimated rates (including room/board) Non-resident$16,451 per semester Reciprocity$13,634 per semester –Includes Ohio, Virginia, West Virginia, Indiana, Michigan, New Jersey, New York, Maryland –Students with 3.0 QPA upon admittance to IUP

15 Financial Aid Appears in credit section of the first billing statement as memo’d or authorized aid. Student must have completed all requirements for aid to disburse to account. Outside scholarships – Provide award letter All aid is split between two semesters.

16 Other payments TAP (Tuition Account Program) –PA TAP -Contact account administrator with copy of statement –529 Outside PA are billed after we receive authorization. –Reimbursed directly to IUP

17 Payment Methods IUP EasyPay –Payment by credit card; 2.75% convenience fee Discover MasterCard Visa –ACH e-checks; no fees Mail payment with check or money order to Office of the Bursar, 1090 South Drive, Clark Hall, IUP, Indiana, PA 15705

18 Installment Payment Plan Students are billed in July for Fall (Aug 20) the first payment includes a $40 one-time per semester charge the remaining 2 payments are due Sept 20 and Oct 20. Spring bills are in Nov and due Dec 20, Jan 20 and Feb 20. Enrollment is automatic if no response

19 Refunds Financial Aid refunds tentatively scheduled to be disbursed September 2, 2016 –Students eligible for refunds should complete a direct deposit form through their MyIUP account. (Issued twice a week) –Paper checks only mailed in students name to home address (Issued every two weeks)

20 General Billing Information First bill for Fall estimated to be available July 28, 2016 and Nov 28 th for Spring. Bills are issued every month on the 28 th of month. Payment due 20 th of the following month.

21 Important Information Student Record Release Authorization –Allows the student to designate individuals to whom educational record information can be released. (Academic, Registration, Housing, Financial Aid, and Bursars Records) –Students responsibility to provide each person listed with BOTH the security keyword and security phrase they list. Designated individuals will need to know both in order to access your educational record information.

22 Additional Information 1098T form must be printed from ECSI website –Email notification to request electronic 1098; otherwise mailed –Check with tax preparer for eligibility –Further information about 1098T visit Refund policy available at web at www.iup.edu/bursar www.iup.edu/bursar

23 Contact information Location:Clark Hall Telephone724-357-2207 FAX:724-357-5578 Email:bursars-office@iup.edubursars-office@iup.edu Address: 1090 South Drive Clark Hall, Indiana University of Pennsylvania Indiana, PA 15705

24 Questions Thank you for your time!


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