What is a student loan?

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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
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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)
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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)
◦
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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
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