Springboard 17 - Paying for College

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College Graduates • Research shows that college graduates, on average, make $1 million more throughout their lifetime than those without a college education. • 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


Academic Excellence


Points of Pride • U.S. News & World Report Best Colleges of 2017 lists SIUE among the best Regional Universities, Midwest for the 13th consecutive year. • SIUE is set in one of the “30 Safest College Towns in America,” according to the 2016 SafeWise Report. • SIUE is in Washington Monthly’s top 60 for master’s universities in the nation. SIUE is listed third among all master’s institutions in Illinois on the national magazine’s list.


Paying for College Quick Facts


Financial Aid Options Institutional and Private Scholarships 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 Information fafsa.ed.gov • Complete your FAFSA as soon as possible after October 1 • FAFSA is processed by government • SIUE receives FAFSA information • Review your award letter or the request for verification information on CougarNet


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 by July 1

• Accept or decline by July 14


What is Verification? Have I Been Selected? • Why do I have to be verified? • How do I know I’ve completed the verification process? • What is the verification process timeline? • What is the Selective Service requirement?


Your Award Letter in CougarNet is Based on the Following: • Cost of Attendance/Budget • EFC (Expected Family Contribution) • Available Aid


Examples of Need-Based Aid • Grants (Pell, MAP, SEOG, etc.) • Federal Student Employment • Scholarships • Subsidized Loan


Loan Options Loans are considered financial aid and must be repaid • Federal Direct Loans (student) • Subsidized and Unsubsidized • Federal Direct PLUS Loans (parent) • Alternative Loans (student and/or parent) • Funds issued by private lenders through the school


Tuition and Fees • Undergraduate

Description

Cost

• Two semesters • 15 semester hours each • Room and board based on a shared room in a freshman residence hall, and meal plan A

Tuition

$8,772

Mandatory Fees

$2,721

Room and Board

$9,481

Total

$20,974

• Campus Housing activity fee included • Includes the cost of renting basic textbooks

Based on information available at siue.edu/paying-for-college


Family Educational Rights and Privacy Act (FERPA) Protects student educational records • Academic progress • Financial data

Students “own” their educational records. Data may not be disclosed without student consent. • Not even to parents!

Authorization form • Provides consent for billing and financial aid information • Requires notarized signature of student or the signature must be witnessed by an employee from the Office of the Bursar or Financial Aid (authorization form must be downloaded from siue.edu/bursar/forms) • An authorization form has been provided in the student folder • Password protected


Authorization to Release Information Form


Student Responsibility for Payment of Educational Services • The Financial Agreement details the financial responsibility that students accept upon registration • Available in CougarNet under “Student” and “Registration” • Agreement must be accepted online each semester before registration • Students are not relieved of their financial responsibility unless they officially withdraw from classes within the published deadlines for tuition and fee refunds


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 at siue.edu/paymybill or in CougarNet

Check your account often! Amount due may change if: • You add or drop classes • Your aid does not pay or is reversed • You have other activity on your account

Students can authorize parents or other third parties to receive the same eBill notification • Visit siue.edu/bursar/bills for instructions or pick up instruction information from our table • Friendly tip! Make sure your password is easy to remember


Don’t Get Dropped! To avoid being dropped from classes and to access University Services, you must be financially cleared. • Your financial clearance status appears in CougarNet (updated nightly) • “Not Cleared” means take action: make the minimum payment or have enough financial aid available to pay your entire balance • “Cleared” means you are officially enrolled and will not be dropped

How does financial aid affect my bill and financial clearance? • Financial aid pays toward current semester charges • Unless financial aid covers the entire balance, a payment will be required by the first installment due date Financial clearance does not mean your account is paid in full; it means you have made the minimum payment to be officially enrolled and will not have your classes dropped.


How Do I Make My Payment? Pay your bill online at siue.edu/paymybill. Online payments must be completed before 4:30 p.m. CST on the payment due date. Pay online • 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 If late or missed, student will be dropped from classes.


Fall Billing and Payment Schedule Bill Date

Payment Due

July 8

August 11

September 2

September 22

September 23

October 13

October 14

November 3

Reminder! If the first installment is not received in our office by 4:30 p.m. CST on August 11, the student will be dropped from classes. A due date reminder card is in your folder.


View Your Bill and Pay Online siue.edu/paymybill Student Login

Students:

Third Party Login

Students: Authorize a Third Party

Enter your e-ID and password (the first half of your SIUE email address (example: jsmith)

Third Party: Enter your User Name (assigned by your student) and password (one that you chose when you registered) Students may also login directly through CougarNet. Select Student, Student Account and Student Bill.


Pay My Bill Preview Your Account Account Balance Installment Amount Due

$10,536.99 $1.476.74

Summary of balance and 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 third party here: Parent PINs You currently do not have any Third Party Users set up.

Add New

Click here to authorize a parent or third party.


Account Detail for Term

800xxxxxx John Q Student Today's Date

SOUTHERN ILLINOIS UNIVERSITY EDWARDSVILLE At A Glance - Jul 8, 2017 $10,536.99

Total Balance:

$4,750.00

Pending Aid:

Include account number if paying by check!

Payment due date is Aug 11, 2017

To Pay in Full:

$5,786.99

To Pay Installment:

$1,476.74

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 p.m. 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.


201635 Fall 2016 Term Detail Jul 8, 2017 Description Item Date

Charge

Athletic Fee

08-Jul-17

$193.65

Student Fitness Center Fee

08-Jul-17

$86.70

Facilities Maintenance Fee

08-Jul-17

$318.75

Business Course Fee

08-Jul-17

$50.00

University Center Fee

08-Jul-17

$177.00

Student Acad. Success Ctr Fee

08-Jul-17

$72.60

SWAF (1098T Rpt)

08-Jul-17

$71.07

SWAF (1098T Non Rpt)

08-Jul-17

$73.97

Student-to-Student Grant Fee

08-Jul-17

$6.00

Textbook Rental Fee

08-Jul-17

$244.50

Information Technology Fee

08-Jul-17

$116.25

Tuition Instate (UG)

08-Jul-17

$4,386.00

Woodland Hall- Shared Bedroom

08-Jul-17

$2,995.00

Meal Plan A or B

08-Jul-17

$1,730.00

Housing CHAF

08-Jul-17

$15.50

Fall 2017 Subtotals:

$10,536.99

Total Balance:

$10,536.99

For a description of the mandatory fees, please click here.

Authorized Financial Aid as of Jul 8, 2017 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 8, 2017 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.

Payment

Balance

$0.00

Balance From Other Terms:


Fall 2016 Installment Plan Description

Due Date

Amount

Installment Amount

Aug 11, 2017

$1,446.74

Installment Plan Fee

Aug 11, 2017

$30.00

Installment Amount

Sep 22, 2017

$1,446.75

Installment Amount

Oct 13, 2017

$1,446.75

Installment Amount

Nov 03, 2017

$1,446.75 $5,816.99

Installment Plan Total:

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 11, 2017 To Pay in Full:

$5,786.99

To Pay Installment:

$1,476.74

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Bursar Information


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


Contact Us Student Financial Aid Liz Caldieraro 618-650-5282 ecaldie@siue.edu Office of the Bursar Dawn Sparks 618-650-5273 dsparks@siue.edu


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