College Graduates • College graduates, on average, make $1 million more throughout their lifetime • Current unemployment rate for college graduates (2.7%) is about half the rate for the general population (5.7%) • A college education: • Raises the likelihood of civic involvement and voting • Lowers rates of obesity and smoking • Improves the quality of family life
Sources: bloomberg.com/news forbes.com/news
4 Easy Steps 1
File a FAFSA
2
Accept award offer
3
View bill
4
Check account balance
March
Mid-July
Financial Aid Options Institutional and Private Scholarships • Cougar Pride, Johnetta Haley, Meridian • Private scholarships from outside organizations
Grants • Federal and state funds that do not need to be repaid
Student Employment • Earn money while working on campus
Loans • Low interest loans that must be repaid
FAFSA
Free Application for Federal Student Aid • Found at: • FAFSA.gov • myStudentAid
• Determines how much need-based aid a student is eligible to receive • Process starts in October for next school year
Award Letter or Verification? Award Letter
Verification
• Statement of Estimated Financial Aid mailed
• Check CougarNet for established requirements
• Award letters will be posted in CougarNet
• Turn in all required documents as soon as possible
• Accept or decline as soon as possible
• Documents must be submitted (tax return, W2s, institutional forms) • Verification must be completed before an award letter can be issued.
Award Letter: How much is offered to me? • Summary of all aid offered to the student • Based on cost of attendance, EFC and available aid • Grants, scholarships, student employment, loans
• Available on CougarNet • Financial Aid > Award > Award for Aid Year > 2019-2020 > Accept Award Offer • Accept Award • Determine how much financial aid you need and accept accordingly.
• Confirm your financial aid
Confirm Scholarships and Grants Grants and scholarships are automatically accepted. • SIUE Scholarships • Must be enrolled in 12 credit hours
• Pell Grant and MAP Grant • Prorated based on number of enrolled credit hours
• Outside Scholarships • Have your scholarship organization send the scholarship check to Financial Aid • Funds will be applied once the money is received, or 10 days prior to semester starting
• Student Employment • Can apply for positions on the Student Job Finder
Confirm Loans • Federal Direct Subsidized and Unsubsidized Loans • 6 credit hours (5 as a graduate student) • Complete Entrance Counseling • Sign Master Promissory Note
studentloans.gov
• Parent PLUS Loans • Parent must apply at studentloans.gov • If approved, sign Master Promissory Note • If denied (and you want additional funds), mark “chose not to pursue loan” on application and OSFA can offer additional unsubsidized loan funds to student • Must apply every school year
• Alternative Loans • Student or parent must complete credit based application at company of their choice • Suggestions on our website siue.edu/financial-aid
What Does it Cost? Description
Year $12,219
Tuition and Fees
$6,290
Shared Room in a Residence Hall Activity Fee
$31
Meal Plan A
$3,560
Direct Cost (Fall 2019)
$22,100 $915
Supplies Transportation
$1,382
Personal Expenses
$1,524
Indirect Costs
Cost of Attendance
$3,821
$25,921
• Tuition rate for domestic undergraduates at 15 credit hours for fall and spring • Includes textbook rental fees for undergraduate students • Based on information available at siue.edu/paying-for-college
How Will I Receive My Bill? You will receive an eBill email notification • Provides the payment due date • Prompts you to view your updated bill • Check bill often
Bills are available: • SIUE Mobile App – Download Today! • CougarNet • Student > Student Account > Student Bill • siue.edu/paymybill
Pay My Bill Preview Your Account Account Balance Installment Amount Due
$10,206.5 0 $1,579.12
Summary of balance & amount due. The Account Balance does not reflect anticipated financial aid.
For itemized charges, pending financial aid and payments click here. POPUP BLOCKER MUST BE DISABLED!
Account Detail (turn off pop-up blocker (see Help-MISC on how to))
Payment Due Date Make Payment (Credit balances are not displayed)
Springboard to Success (First-time Freshman Only )
The last payment received was for $0.00 on x/x/20xx.
Students, authorize parent or 3rd party here:
Parent PINs Add New You currently do not have any Third Party Users set up.
Click here to authorize a parent or third party.
Account Detail for Term
800xxxxxx John Q Student Today's Date
Use the yellow paper as a guide!
SOUTHERN ILLINOIS UNIVERSITY EDWARDSVILLE At A Glance - Jul 13, 2019 $10,946.50
Total Balance:
$4,750.00
Pending Aid:
Include account number if paying by check!
Payment due date is Aug 9, 2019
To Pay in Full:
$6,196.50
To Pay Installment:
$1,579.12
Anticipated Refund: Financial Clearance: (Updated Nightly)
$0.00 Not Cleared Students must be financially cleared on or before the first payment due date by 4:30 pm CST to avoid having classes dropped.
Payment Options Online Payment Payment must be made by 4:30 pm Central Time to be considered the same business day.
Mail a Payment Please include the student's ID number (begins with 800) and allow 7 days for post office delivery.
Financial clearance status is updated nightly. If student is not cleared, action must be taken.
201935 Fall 2018 Term Detail Jul 13, 2019 Description Item Date
Charge
Payment
Balance From Other Terms:
Balance $0.00
Tuition Instate (UG)
13-Jul-19
$4,561.50
General Student Fees
13-Jul-19
$1,504.50
Housing
13-Jul-19
$3,085.00
Meal Plan A or B
13-Jul-19
$1,780.00
Housing CHAF
13-Jul-19
$15.50
Fall 2018 Subtotal:
$10,946.50
Total Balance:
$10,946.50
For a description of the mandatory fees, please click here. Authorized Financial Aid as of Jul 13, 2019 Description
Expected Payment
Cougar Pride Scholarship
$1,500.00
Authorized Financial Aid Total:
$1,500.00
Authorized Aid: Financial aid requirements are complete and aid will pay to your account. Memos as of Jul 13, 2019 Description
Expected Payment
Federal Direct Loan Sub
$2,250.00
Fedl Direct Loan Unsub
$1,000.00
Memo Total:
$3,250.00
Memos: May include payment pending from third party agencies such as College Illinois or your employer OR Financial aid offered and accepted, but you have not completed all requirements (such as Federal Direct Parent Loan PLUS). Unless you complete all requirements, financial aid memos will be removed from your account after the first payment due date for the semester. Check status of your Financial Aid Requirements on CougarNet.
Fall 2019 Installment Plan Description
Due Date
Amount
Installment Amount
09-Aug-19
Installment Plan Fee
09-Aug-19
$30.00
Installment Amount
27-Sep-19
$1,549.12
Installment Amount
10-Oct-19
$1,549.12
Installment Amount
08-Nov-19
Installment Plan Total:
$1,549.12
$1,549.14 $6,226..50
Tuition, fees, housing and meal plan charges are included in the installment plan and spread over four installments (three in Summer semester). Other charges (previous balance, parking fines, late fees, etc.) are not part of the installment plan and are due when billed. Payment due by Aug 9, 2019 To Pay in Full:
$5,456.50
To Pay Installment:
$1,549.12
How Do I Make My Payment? Make the first payment before 4:30 p.m. CST on the due date to avoid being dropped from classes. Pay online: siue.edu/paymybill • eCheck: no service fee • Credit Card: 2.75% service fee
Pay by mail: checks only Pay in person: cash or check Optional Installment Plan • $30 charge per semester • First installment payment secures registration for the semester
Fall Billing and Payment Schedule Bill Date
Payment Due
July 20
August 9
September 7
September 27
September 28
October 18
October 19
November 8
Reminder! If the first installment is not received in our office by 4:30 p.m. CST on August 9, the student will be dropped from classes.
A due date reminder card is in your folder.
How Do I Receive My Refund? What do I need to do? • Direct deposit is preferred • Enroll through CougarNet • Instructions can be found at siue.edu/refund and are also included in your folder
• All future refunds will be automatically deposited to your bank account
When will I receive my refund? • Financial aid must be posted to your account resulting in a credit balance • Refunds begin the Friday before classes begin and continue weekly through the semester For more information, visit siue.edu/refund
Authorization for Parents or Other Parties Family Educational Rights and Privacy Act Access to: Phone and email inquiries Students “own” their educational records. Data may not be disclosed without student consent. • Academic progress • Financial data • Not even to parents!
Stop by the Bursar table to complete yours today!
Authorization form • Requires notarized signature of student, or the signature must be witnessed by an employee • An authorization form has been provided in the student folder • Password protected
Third Party Authorization Access to: Student’s bill online Students can authorize parents or other third parties to receive the same eBill notification • Students grant third party authorization online. Instructions are on the orange paper in your folder. • Friendly tip! Make sure your password is easy to remember.
Tips for a Successful Semester • Maintain a cumulative GPA of 2.0 and complete at least 67% of your coursework • If you have an Institutional Scholarship, make sure you are meeting the GPA and credit hour completion requirements • Monitor CougarNet for any updates on your account • Missing documents, adjustments on aid, etc. • Be sure to confirm your financial aid for the next semester • Prior term debt must be paid before you can register for next semester
• Financial Agreement accepted online each semester before registration CougarNet > Student > Registration • Details the financial responsibility that students accept upon registration • Students are not relieved of their financial responsibility unless they officially withdraw from classes within the published deadlines for tuition and fee refunds
• Adding or dropping a class can impact your financial aid
Things to Remember File your FAFSA every year after October 1 Be sure your financial aid is confirmed Be sure you are financially cleared to save your classes
We’re here to help!
Contact Us Office of the Bursar
Office of Student Financial Aid
Rendleman Hall, 1st Floor 618-650-3123 bursar@siue.edu
Rendleman Hall, 2nd Floor 618-650-3880 finaid@siue.edu
Offices are open Monday-Friday, 8 a.m.-4:30 p.m. If emailing, please be sure to include your full name and student ID number. Contact information is also on the payment due date card stapled on your folder.