Paying for College Financial Aid and Bursar Office
FINANCIAL AID AND PAYMENT OPTIONS ▪ Grants ▪ Scholarships ▪ Student Employment ▪ Loans ▪ Other ▪ Military ▪ Tuition Waivers ▪ College Savings Plans, etc.
▪ Payment Plan Financial Aid
FAFSA ▪ Free Application for Federal Student Aid ▪ Studentaid.gov ▪ myStudentAid
▪ Determines need-based aid eligibility ▪ New Application Available every October
Financial Aid
VERIFICATION ▪ Ensures information on FAFSA is correct
▪ Check CougarNet ▪ Turn in all required documents
▪ Tax returns, institutional forms, etc. ▪ Complete before offer letter is issued Financial Aid
OFFER LETTER ▪ Summary of aid offered ▪ Based on cost of attendance, EFC and available aid ▪ CougarNet ▪ Financial Aid > Award > Award for Aid Year > 2021-2022 > Accept Award Offer ▪ Accept award yearly ▪ Confirm your financial aid
Financial Aid
GRANTS, SCHOLARSHIPS AND STUDENT EMPLOYMENT Pell Grant and MAP Grant ▪ Prorated on credit hours
Outside Scholarships ▪ Send to Financial Aid
▪ Applied once the money is received Federal Work Study / Student Employment
▪ Seek positions on Student Job Finder Financial Aid
NEXT STEPS FOR LOANS ▪ Federal Direct Subsidized and Unsubsidized Loans ▪ 6 credit hours ▪ Complete entrance counseling ▪ Sign master promissory note
studentaid.gov
▪ Parent PLUS Loans ▪ Parent must apply yearly at studentaid.gov ▪ If approved, sign master promissory note ▪ Alternative Loans ▪ Complete credit-based application with lender Financial Aid
COST
siue.edu/paying-for-college/estimator Description
Estimate your: • Tuition & fees • Housing • Meal plan • Parking pass
Don’t • • •
forget: Supplies Transportation costs Miscellaneous expenses
Tuition (15 hrs/semester) & Fees * Room & Board Supplies Transportation Personal Expenses Loan Fees Total * Includes textbook rental fees
Bursar’s Office & Financial Aid
Expense
$12,219 $10,171 $933 $1,420 $1,554 $82 $26,460
How will I receive my bill? ▪ eBill Notification - school email (@siue.edu) ▪ Charges post middle of July
▪ Check bill often ▪ Payment due date by 4:30 p.m. CST ▪ Drop date August 13, 2021
Bursar’s Office
3 WAYS TO ACCESS eBill: 1. SIUE Mobile App – Download Today! ▪ Keep notification settings on
2. siue.edu/pay-my-bill ▪ Student and third-party viewer access
3. CougarNet ▪ Student > Student Account > Student Bill Bursar’s Office
SIUE App Total Balance • Balance owed before aid Pending Aid • Loans/grants • Scholarships/waivers • Military/agency payments To Pay in Full / Installment • Remaining balance after credits • Installment plan ($30) • Seek more aid Anticipated Refund • Credit balance • Refund Friday before term starts
Bursar’s Office
Pay My Bill Preview My Account • Student invite/reset • Third party access Transactions • Payment history Activity Details • CougarNet billing detail • Financial clearance • 1098T
Bursar’s Office
CougarNet Bill Financial Clearance – Important for saving classes! • Found in CougarNet and SIUE App • Not connected to balance owed Not Cleared
Cleared
- Classes will be dropped - Payment required
- Classes saved - Access to facilities on campus
- First payment due fall & spring
Bursar’s Office
CougarNet Bill
Charges and credits posted to the account by date • Tuition & fee entries • Adding & dropping classes • Housing & meal plan • Confirm pending aid • Paid on your account • After first payment due date
Bursar’s Office
CougarNet Bill
Installment Plan Table • 4 payments • $30 a semester
Bursar’s Office
How do I make a payment? Pay online: siue.edu/pay-my-bill ▪ 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 secures registration Bursar’s Office
How do I receive my refund? How do I set up direct deposit? • Enroll - CougarNet • Student > Student Account > Direct Deposit Bank Account Information
When will I receive my refund? • Begins Friday before term starts • Processed twice a week
Future credit balance • Financial aid • Outside vendor • siue.edu/refund
Bursar’s Office
AUTHORIZATION FOR PARENTS OR OTHER PARTIES Family Educational Rights and Privacy Act (FERPA) Students grant access for: Phone & Email Inquiries • Educational record consent – required
• Authorize through CougarNet •
Student > Student Account > Authorization to Release Information
• Offices •
Academic progress
•
Billing and Financial Aid
•
Housing (assignments and contract information)
• Password protected •
Share with parents or other parties
Bursar’s Office
ONLINE AUTHORIZATION FOR PARENTS OR OTHER PARTIES Access to: • Student’s online bill • Pay online • 1098T (tax information)
Students authorize other users: • To receive eBill notification • siue.edu/pay-my-bill • My account – Send “payer invitation” • Reset access
Bursar’s Office
THINGS TO REMEMBER ▪ Confirm financial aid is posted on your account ▪ Financial clearance (cleared) saves classes ▪ Don’t get behind, meet the deadline
▪ Starting in October, file your FAFSA each year Bursar’s Office & Financial Aid
IMPORTANT DATES Mon., August 2
Student job finder opens
Fri., August 13
First installment payment due by 4:30 p.m. CST
August 20-22
SIUE Experience (siue.edu/experience)
Mon., August 23
Fall classes begin
Fri., October 1
Second installment payment deadline 2022-2023 FAFSA opens
Fri., October 22
Third installment payment deadline
Fri., November 12
Fourth installment payment deadline
Fri., December 10
First Payment for Spring
December 13-17
Final examinations
Fri., December 17
Textbook return due by 5 p.m. CST
TIPS ▪ Maintain cumulative GPA of 2.00 and complete at least 67% of coursework ▪ Institutional scholarship renewal criteria ▪ Monitor your CougarNet ▪ Financial Agreement ▪ 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 Bursar’s Office & Financial Aid
CONTACT US
Office of Student Financial Aid 2308 Rendleman Hall 618-650-3880 finaid@siue.edu
Office of the Bursar 1101 Rendleman Hall 618-650-3123 bursar@siue.edu
Student Employment 2221 Rendleman Hall 618-650-2563 stuemp@siue.edu
Offices are open Monday-Friday, 8 a.m.-4:30 p.m.
Virtual advising is available Emails – include your full name and student ID number