Tuition Billing &
Financing Your Education
Presented by: Marc Maniatis
Director of Student Accounts & Risk Manager
SOAR 2015-2016
Tuition Bills
• Bills were mailed home in early June to all
students who paid enrollment deposits.
• Due date is July 8th.
• All subsequent tuition bills will be available
online.
• The June bills reflect anticipated tuition and fee
charges and a credit for anticipated financial aid.
• Students will be required to sign a financial
responsibility statement related to billing, privacy,
and communication methods.
Understanding The Bill
• 2015-2016 Tuition & Fees
Residential Student – Per Semester
Tuition Full-Time (12 to 17 credits)
General Student Fee
Standard Double Room
Housing Activity Fee
Charger Unlimited Meal Plan
Student Health Insurance
$ 17,165.00
$660.00
$4,610.00
$50.00
$2,700.00
$1,315.00
Estimated Direct Charges for 2015-2016
$ 26,500.00
*Federal Work Study is
NOT included in bill*
Additional Charges & Expenses
• Books and Supplies
(approximately $500 per semester)
• Lab fees range from $30 - $4,000
• Tuition differentials are $80.00 per credit
(generally apply to engineering, computer science, & chemistry courses)
• Tuition overtime charges (17+ credits) are $1,145 per credit
Student Health Insurance
• UNH student health insurance is $1,315.00 for the year.
• The coverage can be waived with proof of existing coverage.
• A waiver can only be processed online.
• A waiver MUST be processed each academic year.
The waiver deadline is August 28, 2015.
Familiarize Yourself With ePay
• Tuition billing and payment system
• No paper bills are mailed
• With ePay, you can view, print, and pay your bill online in
a secure environment.
• Set up Authorized Users/Payers
• Receive billing notifications (email, text/SMS message)
Using ePay
• Student (and any Authorized User) will receive an email
notifying you when your bill is ready to be viewed.
• Make payment via MasterCard, Visa, Discover, American
Express, debit card or a U.S. checking or savings account.
Other options include:
• Enroll in direct deposit for student refunds
• Sign up for text/SMS message notifications
ePay Authorized User
• Student can create up to 5 Authorized Users.
• You must be an Authorized User in order for Bursar’s
Office to discuss your student’s tuition bill with you.
• Receive billing emails as well.
• Securely store your payment information.
Paying Your Tuition Bill
• Payments can be made:
• Online through ePay via credit/debit card or a U.S.
checking or savings account.
• By phone or in person at the Bursar’s Office.
• Checks should be made payable to UNH and mailed to
the Bursar’s Office.
• Wire transfer information is available upon request.
Payment Options: Monthly Payment Plan
• Administered by Tuition Management Systems (TMS).
• Option allows you to spread out your payments over a 10 month period,
interest-free, starting in July
• Your monthly payments are remitted to UNH at the end of the month.
• Enrollment fee of $75 includes life insurance for the person responsible
for paying the bill.
Monthly Payment Plan
Tuition Management Systems (TMS)
• You can catch up if you do not enroll in July by making a double
payment to cover July and August.
• The enrollment deadline is August 7, 2015.
(888) 437-3430 or www.afford.com/newhaven
Payment Options: Financial Aid
• Federal Direct Parent Loan (Plus)
• The parent is the borrower.
• Private Alternative Loans
• The student is the borrower
and will most likely be required
to apply with a co-signer.
Parent Loans – PLUS Loans
•
A PLUS Loan is borrowed by one parent only.
•
The parent must pass a credit check – if the parent is denied the
student will automatically receive an additional $4,000.00
unsubsidized Direct Student Loan.
•
The loan limit is the cost of attendance minus any other aid.
•
The interest rate is 6.84% and the origination fee is 4.27%.
•
The borrower can select from several different repayment
options
Private Alternative Loans
• The student is the borrower and will most
likely be required to apply with a co-signer.
• The rates and terms vary based on the type
of loan and the lender.
• An alternative loan can be obtained for the
cost of attendance minus any other aid.
• Deferred repayment options may be
available. Please consult with your specific
lender for more information.
• Please be sure to apply promptly and allow
yourself enough time to complete the loan
process.
Which Option is Right for You?
•
All of these financing tools can
be used together – you do not
have to use one option
exclusively.
•
Your personal financial situation
will dictate which plan is best for
you.
•
If you are contemplating loans,
consider who will be borrowing.
•
Consider TMS to use funds from
your monthly income to limit
the amount you must borrow.
University Refund Policy
Students who have a credit balance on their
account are eligible to receive a refund.
• Excess Financial Aid
• Overpayment or Cancellation of a Charge
• Dropping Courses or Complete Semester Withdrawal
• Credit card refunds
Refund Process
•
Student receives the refund unless overpayment is due to
excess PLUS loan funds.
•
Excess Title IV funds processed automatically after
disbursement within 14 days of crediting a student’s account.
•
Refund request form needed if credit is from non-Title IV
funds.
•
Direct Deposit Available
•
Not available early enough for books
•
Students should monitor ePay
Withdrawal Refund Policy
Date of Withdrawal
Before Classes Begin
First Week
Second Week
Third Week
Fourth Week
After Fourth Week
Refund Amount
100%
80%
60%
40%
20%
0%
Tuition Insurance A.W.G Dewar, Inc.
•
This is an optional insurance policy to cover a withdrawal due to
medical reasons.
•
The policy reimburses 75% for a documented medical withdrawal.
•
The premium cost for the year is $428.00 for residential students
and $ 303.00 for commuter students.
•
If you wish to purchase this you must do so prior to the first day of
classes which is August 24, 2015.
•
www.collegerefund.com or (617) 774-1555
Summary of Major Points
•
Make sure your student sets you up to be an authorized
user in ePay.
•
Review your health insurance plan and if you wish to waive
UNH coverage do so by August 28, 2015.
•
If you have a question or a problem with your bill, please
ask someone sooner rather than later.
•
Have your student try to solve a problem himself or herself
and explain to your student how their bill will be paid.
Bursar’s Office
Office Location: Maxcy Hall Room 109
Office Hours: M-F 8:30 am - 4:30 pm
(the office closes at 1:30 pm on Fridays in June, July and August)
Phone: (203) 932-7217 or (800) DIAL-UNH ext. 7217
Fax: (203) 931-6086
Email Address: bursar@newhaven.edu
www.newhaven.edu/bursar
300 Boston Post Road, West Haven, CT 06516