1. Financing a Fairfield Education Orientation 2019
Presenters:
Gina Costa, Bursar
Diana M. Draper, Director of Financial Aid

2. Today’s Agenda Welcome Class of 2023! Introductions
Office of the Bursar
Office of Financial Aid
Q & A

3. The What, When and How of Financing A Fairfield Education
Billing Information
Methods of Payment
Communications

4. Billing Information Semester Basis: Fall - 1st week in July
Spring – 1st week in December
Electronic Delivery:
Student accesses bill via my.Fairfield
Parents and/or guardians are granted Authorized User access by the Student and receive a URL in an to access the site
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6. Billing and Payment Site
Review the billing statements
View account activity
Make payments online via e-check

7. Authorized User

8. Authorized User Access

9. Fall Semester Bill Line Item Charges: If living ON campus
Tuition (per semester) $24,540
General University Fee $
Orientation Fee $
Tuition Deposit $ <200>
Health Insurance $ 2,277**
* Fee removed once waiver is completed
If living ON campus
Room (per semester) $ 4,640
Note: Room deposit credited at end of residency
Meal Plan (per semester) $ 2,935

10. Meal Plans Plan Options Rate Per Semester
Base Plan 14 Meals/week plus 100 Dining Dollars per semester
$2,935
Unlimited meals per week plus 200 Dining Dollars per semester
$3,560
Commuter meal plans available
Varies

12. Methods of Payment Direct Payments to University: Financial Aid
Electronic Check via Online Billing Site
Personal Check - Mail or Drop-off in Person
529 Payments – mail directly to University; Student ID and name on check
Financial Aid
Approved University financial aid
Federal financial aid ‘MEMO’
Private alternative loans
Monthly Payment Plan
Payments made on Monthly Payment Plan site

13. Tuition Payment Plan Provided by Nelnet
Allows you to pay the semester tuition, room and board and fees in 5 equal monthly installments
Real-time integration with student account
May be used on a stand-alone basis or as a supplement to financial aid
Complete the enrollment form online Fairfield.afford.com

15. Plan Enrollment Terms - Fall Semester
5 monthly payments June 1st – October 1st
Deadline to enroll is August 1st
Enrollments after June 1st pay missed monthly payments
$40 Enrollment fee due upon sign-up
Adjustments allowed prior to October 1st due date

16. Determining Your Plan Amount
Worksheet to calculate Monthly plan amount: **Use SEMESTER expenses and deductions for calculation** Eligible Cost: (reminder: books, personal expenses may not be included in monthly payment plan) Tuition $_________ Room & Board $_________ (Residence Hall or Townhouse or Apartment + Meal Plan cost) General Fee (Fall Only) $_________ Health Insurance $_________ (If not waiving) Total Eligible Expenses (A) = $_________ Deductions: Scholarships/ Grants $_________ (University Aid or outside scholarships) Loans $_________ (Federal Direct Loans, Federal Parent PLUS loans, Alternative loans) Direct Payments to School $_________ Total Deductions (B) = $_________ Contract Amount Monthly Plan (A-B) $__________ Divided by 5 months $ Monthly Payment Plan Amount
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17. FERPA

18. Proxy Access
Per FERPA guidelines, students must designate approved person(s) to communicate with the Financial Aid and Bursar offices
Proxy assignment by the student is done in my.fairfield
Once designated by the student, the Proxy will receive a passphrase via
Proxy access is granted for a 5 year period which can be modified or terminated by the student
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19. Financial Aid and Your Bill
If you do not see University aid or MEMO items on your bill:
Offer of aid may not have been accepted by your student
Required verification documents may be outstanding
File review may still be in process

21. Required Loan Documents
Direct Loans – Subsidized/Unsubsidized
Entrance Counseling
Loan Agreement for a SUB/UNSUB Loan (MPN)
Student Authorization Form
Direct Parent PLUS loan:
Apply (credit check)
Loan Agreement for a PLUS Loan (MPN)
Parent Authorization Form

23. Financing Options Alternative Loans For students or parents
Various repayment/interest terms
Fairfield University refers families to elmselect:

24. Federal Work Study Email sent on how to apply for a FWS job
Financial Aid file must be completed before work can begin
Hiring documents completed with HR before work can begin
Additional help during Infopalooza
FWS does not credit the student account
Strongly encourage direct deposit of student earnings

25. Financial Aid Renewal Policies
All renewal policies are available in the catalog
A student must reapply for financial aid each year by April 15 – both FAFSA and CSS Profile
The total aid awarded each year may vary as demonstrated financial need may vary
Student is maintaining satisfactory academic progress toward degree completion
Less than FT enrollment, drops, withdrawals and studying abroad may affect eligibility

26. Important Dates for Fall Semester
Action Deadline
Fall semester bill is generated
Direct Loan documents due
July 1
Fall semester payment is due
Last day to enroll in Fall semester monthly payment plan
Verification documents
August 1
Best date to ensure timely processing of federal and university aid to avoid late fee
September 15
Final date for receipt of all loan proceeds
*Late fee assessed after this date
September 30
2020–2021 Financial Aid cycle opens
FAFSA and CSS Profile
October 1
Final date for Fall Aid to disburse
December 9

27. Office of Financial Aid
Thank you!
Office of the Bursar
Office of Financial Aid