Everything you ever wanted to know about financial matters but were afraid to ask FERPA (privacy act) Make sure that your son/daughter fills out the waiver form so that we can discuss student info with you Neumann e-mail address Students “must” use their email address Instructors email students through Neumann email Departments email students through Neumann email Parent email address -- we need it! Resident student mail boxes check them daily Who should apply for a FAFSA? Everyone! Everyone! Everyone! Anyone who does not want to pay in full for their student’s tuition! Did we mention EVERYONE ??? IT’S ABSOLTELY FREE !!! Determines your eligibility for need-based aid First step in allowing you to apply for a Federal Direct Student Loan Allows you to apply for internal grants and scholarships Allows you apply for external grants and scholarships www.pin.ed.gov The Personal Identification Number (PIN) serves as your identifier to let you access your personal information www.fafsa.ed.gov not www.fafsa.com not www.fafsa.org Both the student and the parent must obtain their own unique PIN Neumann’s Federal School Code is 003988 You must choose whether or not to transfer data to the FAFSA. Participation is voluntary but will expedite the processing of financial aid. The process reduces the amount of documents requested by financial aid office. Offices can no longer accept a copy of tax returns in most cases. Tax transcripts from the IRS are required for verification. You may request a copy of your tax transcript at www.irs.gov. Call the IRS at 1-800-829-1040 with any questions 33% chance of being selected by the government or institution Financial Assistance Office requires the following Student/parent to complete Verification Worksheet Student /parent must obtain tax transcripts for the IRS which can be obtained at www.irs.gov . Call the IRS at 1-800-829-1040 with any questions. FINANCIAL AID AWARD CANNOT FINALIZED UNTIL VERIFICATION PROCESS IS COMPLETED!!! Know your state grant deadlines • Delaware – April 15th 1-302-577-3240 or DDOE (Delaware Department of Education) • Pennsylvania – May 1st 1-800-692-7392 or pheaa.org (Pennsylvania Higher Education Assistance Authority) FREE MONEY FROM THE GOVERNMENT Federal Pell SEOG (Supplemental Educational Opportunity Grant) State Grant Federal Work Study Funds are earned by working in a campus department Award is not deducted from your tuition bill Students can work no more than 8-10 hours per week, depending on department needs Students are paid bi-weekly Original documents that may be submitted for application : • Driver’s License • Birth Certificate • Social Security Card • Photo Student ID Card Federal Direct Student Loans (guaranteed loans) Subsidized (government pays the interest while in school) estimated interest rate 6.8% Unsubsidized (option to pay interest or capitalize while in school) estimated interest rate 6.8% This requires a Master Promissory Note (MPN) signed using your 4 digit FAFSA pin Apply through www.studentloans.gov An entrance interview must be completed by the student loan funds can be processed to their tuition account Once the entrance counseling is completed, the student must sign a Master Promissory Note (MPN) An MPN is signed by using the student’s 4 digit FAFSA pin Complete both of these at: www.studentloans.gov Parents may apply for a Plus Loan at www.studentloans.gov Estimated interest rate 7.9% with a 4% origination fee Credit check is required If credit is denied, student is eligible for additional unsubsidized portion of Direct Loan Repayment starts 6 months after the first disbursement Parent may defer payments while student is in school (up to six months after student leaves school) A private loan that is based on credit Most need a credit-worthy co-signer, doesn’t have to be the parent Private loans have both tiered and fixed interest rates The better the credit rating, the better the interest rate Repayment begins after a 6 month period of separation Can defer interest while in school Can pay on entire loan while in school Co-signer is responsible for loan if student does not pay After 24 -36 consecutive, on-time payments, co-signer can be released from payment obligations Co-signer must contact lender and request release www.elmselect.com website to use for comparisons Commuter (12 to 19 credits) Undergraduate Tuition – Full-Time (per semester) Tuition General Fee SGA Fee Technology Fee $11,631.00 305.00 80.00 100.00 Total per semester $12,116.00 Resident Undergraduate Tuition – Full-Time (12 to 19 credits) Tuition $11,631.00 General Fee 305.00 SGA Fee 80.00 Technology Fee 100.00 Room 3,255.00 Board (19 meal plan) 2,280.00 bonus points - 100 Total per semester $17,651.00 14 DAYS TO REFUND PLUS Loans RESIDENT STUDENTS – delivered to mailbox ◦ Make it a habit to check student mailbox daily COMMUTER STUDENTS – mailed home ◦ Have permission from student to open their Neumann University mail Business Office Payment Plans Higher Education Services (10 month payment plan) June to April - $60 annual fee (includes life insurance) Deferral Plan ($40/per semester) ¼ first payment August ¼ second month September ¼ third month October ¼ final month November Repeats for the next semester see brochures for details E-COMMERCE ◦ PAY for Tuition on-line 24/7 THROUGH WEB-ADVISOR ◦ ◦ ◦ Credit card OR Electronic Check NO SERVICE CHARGE All you need to LOG ON is your: son/daughter’s ID AND PASSWORD ◦ PASSWORD – DEFAULTS TO BIRTHDATE New Freshmen Resident Students: Mandatory for first year - 19 Meal Plan (110 bonus points) ◦ 15 Block Plan: 15 meals 30 Block Plan: 30 meals 50 Block Plan: 50 meals 30 Superblock Plan: 30 meals $110.00 $215.00 $340.00 $525.00 Plus $315.00 bonus points 50 Superblock Plan: 50 meals Plus $255.00 bonus points $590.00 Purchase meals Knights Café, Crossroads Bookstore Books, clothes, supplies (everything) Laundry Fall Semester Bills will be mailed beginning of July Payment due date – Monday, August 6th Classes begin – Monday, August 27th Fall textbooks available online- around June 15th Used books, and Rental Books are first come-first served Go to the Neumann University website www.neumann.edu Student Life Campus Store The Campus Store boxes up all your textbooks for you. Pick up your books as early as the second week in August. or Visit the Campus Store during Freshmen orientation weekend to pick up your books. The receipt for your purchases will be in your box. It is VERY IMPORTANT to keep your receipt, in case you need to return or exchange a textbook for any reason. If you prefer to visit the Campus Store to purchase or rent your textbooks, we suggest you visit the second week in August to insure that all your books will be available in the store. Summer hours of operation: Monday Thru Thursday 8:30-5:00 Friday 8:30-4:00 The store is initiating a Customer Loyalty Program in the Fall. Students will be rewarded for their patronage . Any student reserving books on line will automatically be signed up for the Customer Loyalty Program. WWW.NEUMANN.EDU Business Office use “site map” – “Business Office” (Business Office appears on left hand side) Financial Assistance Office use “site map” - “Admissions” to “Financial Assistance” Web-Advisor use “jump to” – “Web-Advisor” Student log-on – right hand side ? ? ? ? ?