1. Student Billing AND FINANCIAL AID
Fall 2017
Student Billing AND FINANCIAL AID

2. Overview E billing Communications Authorized Users Student Accounts
Online Payment Plans
Web Privacy Policy
Health Insurance
FAQ’s
Cost of Attendance
Financial Aid Process
Financial Aid Award Letters
Financial Aid Programs
Important Dates
Contact Information

3. E-Billing No Paper Bills https://portal.vsc.edu/ -Web Services
Updated on/around the 1st and 15th of each month.
Current Activity between those dates
Notifications to student through LSC
Student to set up authorized users who can gain access to Bill Payment Site (TouchNet)
Student to set up E-Refund Account. If no E-Refund set up the refunds will be mailed to the address we have on file.

4. Student Accounts –Communications
Account is the responsibility of the student
Any communication is sent to student first via:
LSC
LSC Campus mailbox
Portal Announcements
Website (
Last resort: Letter to home/permanent address
Student to set up FERPA waiver
Student to Create Access Code

5. Authorized Users View Statement View Current Activity Make a payment
Set up a payment plan
Save a payment method

6. Student Accounts Financial Clearance Date August 14, 2017
Paid in full (Cash, Check, Credit Card)
Financial aid in forms of Grants, Approved Loans, and Outside Scholarships
VSC Online Payment Plan
Combination of the three

7. Fall 2017 VSC Online Payment Plans
Available July 1st , 2017
Plan Options:
5 Month Plan: July - November
4 Month Plan: August - November
3 Month Plan: September - November
**There is a $30.00 enrollment fee per semester due at the time of setup along with the first payment
**There is a $15.00 late payment fee for payments not received or made by the 15th of each month

8. VSC Web Privacy statement
The Vermont State Colleges (VSC) respects the right to privacy of every individual using our systems. We will not sell or otherwise commercially disclose the private information of any user (name, address, phone numbers, addresses, etc). All information collected will be used for internal and legitimate VSC business purposes only.

9. Health Insurance
VSC Policy states all students registered at full-time status have to have insurance coverage
Every full-time student is automatically billed for VSC Health Insurance ($2328, billed in Fall Semester)
If student has alternative Health Insurance, they must go online to Web Services to waive insurance with current insurance policy number. Last day to waive insurance is September 15, Charge will not be removed until waiver is completed.
Fee is non-refundable after 9/15/17 and non-negotiable
Sending this information to Health Services does not satisfy this requirement. Those are medical records to which Student Services does not have access

10. FAQ’s
Can other Authorized users view my banking information? – No, students and authorized users cannot see each other’s payment methods.
Can authorized user sign up for e-Refunds? – No, only the student can sign up. If the refund belongs to a parent or another individual paying on the student’s behalf, the student is responsible to disburse the funds appropriately.
Can my e-Refund go to multiple accounts? – No, refunds can only be applied to one bank account.

11. FALL 2017 Cost of Attendance (financial aid budget)
Budget Items
In State
Out of State
Tuition
$10,632
$22,800
Required Fees
(Orientation, Student Activity, Capital Development)
$1,433
Double Room
$6,128
Full Meal Plan
$4,162
Books/Supplies
$1,000
Personal Expenses
$700
Transportation
Average Course Fees
$200
Total
$25,255
$37,423

12. Financial aid process Apply for State Grants
Submit a FAFSA (Free Application for Federal Student Aid)
File on the Web:
annually, beginning October 1
Lyndon’s school code is
Create FSA ID for student
and one parent
Apply for State Grants
Apply for LSC grants and scholarships
Apply for local scholarships or use a scholarship search: &
for Vermont Students
for New Hampshire residents

13. Financial aid award letters
Awards to New Fall Students begins in late November.
Tentative awards
Selected for Verification
Signed Federal 2015 Tax Return, Tax Return Transcript and when available again, use Data Retrieval Tool (DRT) on FAFSA )
Verification Forms
Final award

14. Financial aid programs
A. Grant & Scholarship Programs
LSC Grants & Scholarships
Federal Pell Grants
Federal SEOG Grants
State Grants (MA, ME, PA, VSAC*)
*requires separate application
Federal Work Study Program

15. Financial aid programs…continued
Loan Programs
Federal Perkins Loan (5% interest, Lyndon is the lender and ECSI is our Servicer. Under current federal regulations, Federal Perkins loan is scheduled to end 9/30/2017.)
Federal Direct Subsidized Loan (4.45% fixed interest)
Federal Direct Unsubsidized Loan (4.45% fixed interest)
Federal Direct Plus Loan for Parents (PLUS)
(7.00% fixed interest)
Requires Credit Check
Deferment for Parent borrower available on Application
Direct Loan Servicer at

16. Financial aid programs…continued…
Direct Loan Borrowers
go to:
Students complete Direct Loan Entrance Counseling
Parent PLUS borrower completes PLUS Application
Student borrowers & Parent PLUS borrowers complete a Master Promissory Note
Alternative/Private Loans
(student is the borrower, interest rates vary, co-signer required)
Compare on the web: or

17. important dates for financial aid & billing FALL 2017
February FAFSA deadline for full aid consideration.
August Financial Clearance Date
August Last day to sign up for a payment plan and be
financially clear
August First $ late fee assessed
September 5 Last day to change meal plan
September 5 Last day to withdraw and receive 100% credit
September 12 Last day to drop a class and affect course load and billing
September 15 Last day to waive health insurance ($ charge)

18. Student Services Center
Contact information
Student Services Center
Located in Vail Phone:
Office Hours: 8:30am – 4:30pm Monday – Thursday
9:00am – 4:00pm Friday
Summer and Winter Break hours: 9:00am – 4:00pm
Web:
scholarships/