1. Sacred Heart University Financial Assistance & Student Billing
David Renski
Director of Student Financial Assistance
Alice Marie Avery
University Bursar
Lisa-Marie Tursi
Associate Bursar
Keith Tucker
Senior Associate Director of Student Financial Assistance, Loan Coordinator
Stuart Holmes
Associate Director of Student Financial Assistance

2. SHUawards

3. Financial Aid Next Steps
Submit Outstanding Documents
“Not Received” or “Incomplete” on SHUawards
Review “Messages” tab on SHUawards
View criteria for renewal of award, ex. GPA requirement
If selected for Federal Verification
Supply documentation ASAP
Listed on SHUawards
Award is tentative until verification is complete

4. Federal Stafford Loans
Basic Information
Required Documents
Subsidized: interest does not accrue while enrolled
Unsubsidized: interest accrues while enrolled
No payment due on either loan while enrolled
Freshman can receive up to $5,500
Fixed Interest Rate 4.45% for
Master Promissory Note (MPN)
Entrance Counseling
Both forms completed online
Student’s Information!
Stafford Loan Certification
Print from SHUawards
Write the total amount requested for the year – max $5,500

5. Work Study Submit work study application Work Study Jobs
Not reflected as a credit on billing statement
Student receives a bi-weekly paycheck for hours worked
Earn up to their grant amount during the year
Submit work study application
Print from SHUawards
Work Study Jobs
Job Fair in September when students arrive
Available jobs listed on SHU website in Late August
Students will receive an notification

6. Outside Scholarships
Applied to the bill by Student Accounts upon receipt of the funds
Notify Financial Aid Office of these awards
Mail check to:
Sacred Heart University
Student Accounts Office
5151 Park Avenue
Fairfield, CT 06825
Be sure to have the scholarship organization include SHU Student ID with the check!

7. Indirect Costs Books Laptop Remember Miscellaneous Expenses
Estimate $1,200 to $1,400 per academic year
Laptop
Between $850-$1,500 through SHU laptop acquisition program
Not required to purchase through SHU
Remember Miscellaneous Expenses
Transportation, toiletries, extra curricular activities
8. How much money will a Sacred Heart student need during the first week of school for things such as books, parking permits, etc?
Students have the ability to budget outside costs such as books and supplies into overall cost of attendance. For example: A student may wish to include the cost of books and supplies into a student loan. Therefore when the loan disburses to the University and produces a credit or debit on the account, the Financial Aid Office may be able to issue a book voucher. A book voucher gives the student the ability to use funds from their alternative loan rather than pay out of pocket.

8. Direct Costs Costs Fall 2017 Spring 2018 Total
Tuition* $ 19,785 $ 19,785 $ 39,570
Recreation Fee $ 125 $ 125 $ 250
Housing(estimated) $ 5,050 $ 5,050 $ 10,100
Big Red Meal Plan $ 2,335 $ 2,335 $ 4,670
Health Insurance $ 1,948 $ 1,948
____________________________________________________________________________________________________________________________________________________
Total Tuition and Fees $ 29,243 $ 27,295 $56,538
*Additional Program/Lab fees may apply
Total Cost minus Financial Aid (incl. outside Loans) = Balance Due

9. Your Student Account Alice Marie Avery, Bursar Lisa-Marie Tursi, Associate Bursar

10. Authorized Users
Student Accounts Representatives may only speak/meet with persons as authorized by the student
Student may identify authorized users:
Online:
In person: Student Accounts Office Main Academic Building, SC100

11. Pay in Full Fall semester due date: July 1st
Spring semester due date: December 1st
Student’s account must be up to date for admittance to:
Campus
Classes/Ability to register
Residence Hall
SHU ID card activation (accesses services like meal plans)

12. Online Monthly Billing
Receive notifications via when a new billing statement is available for review online
Students and Authorized Users access to statements online
Review/Print archived statements
Paper Billing Statements will no longer be mailed automatically, effective July 2017

13. Method of Payment Checks/Cash On-line payment- (E-Cashier)
All on-line payments are electronic transfer from checking or savings account only, no additional fee Options:
One-time Payment in full
Monthly Payment Plan, per semester
Credit cards are not an accepted method of payment

14. Payment Plan Schedule Spring 2018 Semester Fall 2017 Semester
December 1, 2017
January 1, 2018
February 1, 2018
March 1, 2018
April 1, 2018
Fall 2017 Semester
July 1, 2017
August 1, 2017
September 1, 2017
October 1, 2017
November 1, 2017

15. Meal Plans Residents Big Red Meal Plan Commuters Jefferson Meal Plan
130 swipes
850 declining dollars
$2,335 billed per semester
Commuters Jefferson Meal Plan
250 declining dollars
$250 billed per semester

16. STUDENT HEALTH INSURANCE 2017/2018
Participation in the Health Insurance Program is mandatory for all Full Time Undergraduate Students UNLESS you have proof of Insurance THEN you may waive out of the Program.
Waiver Deadline September 05, 2017
To waive or officially enroll in the Health Insurance Program go to:
*Be sure to print or save your confirmation page
Failure to waive out of the Health Insurance Program will result in automatic enrollment and a cost of $1,948 for the Academic Year 2017/2018

17. Tuition Refund Plan (TRP)
Elective tuition insurance plan, administered by A.W.G. Dewar of Quincy, Massachusetts
Provides coverage for Tuition, Room and Board charges in case the student is forced to withdraw from school due to a personal illness or accident after the University refund policy has expired.
A.W.G. Dewar contact information
(617)

18. Alert includes GPS location, live audio and group chat Registration:
Personal safety service works with a Bluetooth wearable tag & Apple Watch
Service to alert student’s network with vital information when the student finds themself in need of help – for any reason
Alert includes GPS location, live audio and group chat
Registration:
Enrollment period: May 15, 2017 to August 1, 2017
Website:
Contact: Brian Farley at (860) ext 726
Shipped to home on August 7, 2017
One year’s subscription added to Sacred Heart University semester bill

19. Green envelope mailed to your home – Do Not Throw Away
Bank Mobile Vibe
Green envelope mailed to your home – Do Not Throw Away
Activate at
Use the access code & student ID number
Help:
Online: click “EasyHelp”
Customer Service at

20. Student Accounts Important dates to remember!
July 1st - Fall 2017, Pay in full due date
November 1st – Registration for Spring 2018
December 1st – Spring 2018, Pay in full due date
March 1, 2018 – Housing Deposit Lottery due date
April 1st – Registration for Fall 2018
All balances must be paid to date to participate in Registration and Housing Lottery

21. Why is it important to keep my student account current?
Student’s account must be up to date prior to arrival to campus; this will ensure their Student ID card will be activated on August 26, 2017 – enabling access to services including meal plans.
The University reserves the right to delay admittance to the campus, classes and/or residence hall if accounts are not paid to date in compliance with the University Payment Policy.

22. Authorized Users
Student Accounts Representatives may only speak/meet with persons as authorized by the student
Student may identify authorized users:
Online:
In person: Student Accounts Office Main Academic Building, SC100

23. Alternative Financing

24. Student Loan Philosophy
Our evaluation is based on (but not limited to) the following criteria:
reduced default/origination fees
reduced interest rates
cash back/rebate programs
reasonableness of on-time/late payment criteria
efficiency of origination, guarantee, and payment of proceeds
optimal levels of customer service in school, in grace, and in repayment
cohort default status
mission of the organization
reputation of lenders from an industry standard and borrower perspective
Sacred Heart University borrower experience  
Students and parents are free to work with any lender they choose and we will process any federal loan with any lender at the family’s request. 

25. What to Borrow Borrow only what you need Borrow for the whole year
Not limited to one payment method
Plan for the future
Pay Interest while the student is in school even if it is not required!
All loans will appear on billing statements once all required documents are completed.

26. Federal Direct Parent Plus Loan
Fixed Interest Rate of 7.00%
Origination Fee 4.276%
Example: $10,000 x 4.276% = $427.60
Example Net Amount: $

27. Federal Direct Parent Plus Loan
In order for the loan to appear on student’s billing, three documents must be completed by the Parent borrower.
Parent logs into with their FSA Id and password, not the student’s information.
Complete Plus Application for credit approval. Grandparents are not eligible borrowers.
Electronically Sign Master Promissory Note.
Complete SHU Plus Loan Certification form to authorize loan amount.

28. Federal Direct Parent Plus Loan
Please read the Plus loan application carefully!

29. Private Parent Loans Private lenders are competing for your business
Sallie Mae and Citizens Bank, and College Avenue offer competitive interest rates and zero fees.
Borrower does not have to be student’s parent.

30. Loan Choices

31. All loan details available at www.elmselect.com
State Loan Programs
All loan details available at
State
Loan
Website
Fees CT
CT FELP 3% NJ
NJ Class MA
MEFA 4% RI
RISLA
No Fees VT
VSAC
0% to 5% ME
FAME NH

33. Quick Tips Regarding Student Loans
Personal preference!
What fits your situation!
Pay close attention to interest rates and processing fees!
Be aware of competitive borrower benefits!
Read through all the fine print CAREFULLY!
Please follow up with whomever you choose!

34. SALT Financial Literacy
Money and debt management tools & calculators
Tips on budgeting and building smart financial habits
A dashboard to track federal student loans and finances in one place and compare payment options
One-on-one assistance and advocacy with resolving complex student loan related problems
We know that managing your money is a big deal. And, we want you to be successful – not just with your student loans – but with your financial life. We have partnered with SALT to bring you a variety of free tools to help you do just that! SALT is an online tool that helps you build money knowledge for college and beyond! Financial skills learned early are financial skills for life.
Provides tips on building smart financial habits
Provides scholarship, internship and job searches
Helps you keep track of your student loan debt
Shows you the difference between different payment plans
And, SALT even gives you access to borrower counselors via and phone to help you get your loan questions answered.
SALT CREATED BY AMERICAN STUDENT ASSISTANCE

35. Know What You Owe
The Know What You Owe tool allows you to better understand your overall financial situation by providing a total view of both student loan and consumer debt.
You can get there from the Loan Help menu option or
You can manually enter your student loan data or upload federal loan data by accessing NSLDS.
Total loan amounts are represented on a pie chart as well as within a grid (separated by student loan debt vs. personal debt).
The tool also suggests related resources (like the Repayment Navigator) to learn about various federal loan repayment options.

36. Knowledgeable, Free Assistance
Need Loan Help?
SALT also provides you with free real-people support, too. Whether you have questions about your loans or questions about your SALT account, we are here to help via toll-free phone or . (And don’t worry – you don’t need to memorize these numbers. You can find them in the “Contact Us” section in the bottom navigation panel, on the very right hand side.)
Need SALT Help?
SALT CREATED BY AMERICAN STUDENT ASSISTANCE

37. Office of Student Accounts Office of Student Financial Assistance
Contact Information
Office of Student Accounts
P F
Office of Student Financial Assistance
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