1 / 52

Paying the Bill

Paying the Bill. 2006-2007. Red to Black. TM. Red to Black. TM. Free and Confidential Peer Financial Planning for Texas Tech Students redtoblack@ttu.edu (806) 742-9781 www.r2b.ttu.edu. Red to Black Can Help You. TM. Choosing a Credit Card Understanding the Cost of Debt

Thomas
Download Presentation

Paying the Bill

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Paying the Bill 2006-2007

  2. Red to Black TM

  3. Red to Black TM Free and Confidential Peer Financial Planning for Texas Tech Students redtoblack@ttu.edu (806) 742-9781 www.r2b.ttu.edu

  4. Red to Black Can Help You TM • Choosing a Credit Card • Understanding the Cost of Debt • Creating a Spending Plan for College • Avoiding Financial Hardships in College • Getting Financial Questions Answered • Talking with Peers about Financial Issues

  5. Red to Black Topics TM • Outreach Based • Cash Management & Budgeting • Identity Theft • Employee Benefits • Student Loans & Consolidation • Credit Reports & Credit Scores • Client Based • Saving vs. Spending • Creating a Budget • Student Loans • Opening a Bank Account • Planning for Education Costs • Student Income Taxes • Pre-marital Financial Counseling  

  6. Student Business Services

  7. Student Financial Center • Student Business Services and Student Financial Aid are excited about the opportunity to better serve our students. With a new combined lobby, our services will provide the following:

  8. Student Financial Center cont. • Self Help Services - Pay bill by check or credit card - Set up payment option plan - View Tuition and fee bill - Complete FAFSA online - View and accept aid awards - Print requested forms - Raider Aid Access - Complete Loans by Web - Complete Entrance and Exit Counseling

  9. Student Financial Center cont. • Cashier Services - Pay bill with cash - Emergency Enrollment Loan - Sign up for direct deposit - Texas Tomorrow Fund contracts - Endorse scholarship check(s) - Be reinstated after cancellation - Sign for paper loan checks • Other services - Third party payments - Waivers and exemptions

  10. Student Business Services Information • Student Business Services is a student service oriented office that is here to help you and make the process of paying tuition as simple and convenient as possible. • We welcome student and parent comments and suggestions at any time. Please let us know how to serve you better!

  11. Location • Our office is located in 301 West Hall. • Our normal lobby hours are Monday through Friday 8:00 AM until 4:30 PM.

  12. Telephone • Telephone questions will be answered at either our local number 806-742-3272 or toll free 866-774-9477 from 8:00 AM until 4:50 PM each day.

  13. Internet • Access to your student billing information is available at a minimum from 7:00 AM until midnight every day. • Access to the SBS website is 24/7.

  14. Important Dates & Information • Fall 2006 due date for undergraduate advanced registration is August 21, 2006. • 1st Cancellation – August 21, 2006 (For the 1st cancellation only, students with Parent PLUS loans will have their registration held; therefore will not be cancelled.) • 2nd Cancellation – September 13, 2006 • 3rd Cancellation – September 25, 2006

  15. Billing Information • Payment arrangements may be made at orientation, via the TechSIS website or by eBill after registration. • Fall eBills will be available by August 1, 2006 through the SBS eBill system. Students may set up parents or others to log on to make payment.

  16. IMPORTANT • It is very important that payment arrangements are made by the due date. • If payment arrangements are not made, the advanced registration schedule will be cancelled and a new schedule will have to be obtained during open registration.

  17. Payment Options • Use a credit card or check to pay on the web • Pay with a check or money order by mail • Use the Payment Option Plan (in fall or spring) • Third Parties such as Texas Guaranteed Tuition Plan, Must sign Third Party Contract • Receive and accept a financial aid award package • Utilize an Emergency Enrollment Loan as funds are available.

  18. Credit Card • Pay online (no convenience fee) www.sbs.ttu.edu click on TechSIS, eBill for Students or eBill for Parents link. • Pay in person at 301 West Hall using self help computers.

  19. Personal Check • Pay online (no convenience fee) www.sbs.ttu.edu click on Techsis link • Mail to Student Business Services, Texas Tech University, Box 41099 Lubbock, TX 79409-1099 (5-7 days prior to the due date) • Express Mail to Student Business Services, Texas Tech University, 163 Drane Hall, Lubbock, TX 79409

  20. 3 Payment Option Plan • Requires 50% of tuition and fees (including housing, dining and optional fees) plus a $25 fee. • Student eBilled in two additional monthly payments-October 2 and November 1 in Fall, February 15 and March 15 in Spring. • Plan must be set up through eBill system by the due date.

  21. Emergency Enrollment Loan • If funds are not available for payment by the due date, the student may request an emergency enrollment loan. • Loan covers only first 50% of tuition and mandatory fees. • Forms available at 301 West Hall. • $25 processing fee must be paid with the submission of the form.

  22. Financial Aid • Students who have received and accepted a financial aid award package will have their funds, including Parent Plus Loans, automatically applied to their tuition and fee bills. • If the applied aid does not cover 100% of tuition and fees, the student will need to cover the remaining costs with one of the other payment options.

  23. Refunds • Direct Deposit • Faster • All direct deposits up to 10 days prior to first class day • No fee for the service • Form available at www.sbs.ttu.edu • Refunds by check available beginning on the first class day. Must have current address in system.

  24. Credit Card Refunds • All refunds for payments made by credit card will go back as credits to the same card.

  25. Incidental Fee eBills • During the semester, incidental fees such as traffic & parking, additional meal plans, library fines, etc may be added to the tuition and fee bill. • Monthly eBillings are sent each Friday. These billings will be due upon receipt and delinquent after the 1st of the following month. Bills not paid timely will receive a $25 monthly late fee. • We encourage students and parents to view and pay these balances online.

  26. E-mail reminders • E-mail reminders are sent to the student’s official TTU e-mail address. • These reminders may indicate a balance due, impending cancellation of schedule or that a hold has been placed on their record. • Please remind your student to check their official TTU e-mail regularly.

  27. Student Business SERVICES • We are 100% committed to serving our students and parents. • Please e-mail your suggestions or concerns to sbs@ttu.edu. • Thank you.

  28. Questions????? • We will be available immediately following the Financial Aid presentation to answer group or individual questions.

  29. Student Financial Aid ~ Our Mission Statement ~"The Office of Student Financial Aid provides financial assistance to students who, without such assistance, would not be able to pursue higher education."

  30. What is Financial Aid? • Scholarships • Grants • Loans • Employment opportunities

  31. Definition of Need Cost of Attendance (COA) – Expected Family Contribution (EFC) = Financial Need

  32. Cost of Attendance • Tuition and fees • Room and board • Books and supplies, equipment, transportation, and miscellaneous personal expenses • Loan fees • Study abroad costs • Dependent care expenses • Expenses related to a disability • Expenses for cooperative education program

  33. Direct Cost of Attendance • For 2006-2007, Texas Tech’s cost of attendance for the year (Fall/Spring) is: $ 6,759 Tuition/Fees $ 6,720 Room & Board $ 845 Books $14,324 TOTAL

  34. Independent Student Definition • Born before January 1, 1983; • Graduate or professional student; • Married; • Has legal dependents other than a spouse; • Orphan or ward of the court; • Veteran of the U.S. Armed Forces

  35. Application Process - 1 Apply for your PIN www. PIN. ED. GOV

  36. Application Process - 2 Complete the Free Application for Federal Student Aid www. FAFSA. ED. GOV

  37. CAUTION! FREE FREE FREE FREE FREE • The FAFSA is • www.FAFSA.ed.gov

  38. Frequent FAFSA Errors • Divorced/remarried parent information • Income earned by parents/stepparents • Untaxed income • U.S. income taxes paid • Household size • Number in postsecondary education • Real estate and investment net worth

  39. Corrections • Corrections may be made (if necessary): • On the paper SAR • Using Corrections on the Web (PIN required) • By the school • SAR Acknowledgement cannot be used to make corrections

  40. TTU Scholarships • Merit (through the Honors College) • No application required • University • Through Student Financial Aid • Apply through State Common Application • College/Departments • Available on department websites

  41. Federal Pell Grant • For eligible undergrads • pursuing first bachelor’s degree and • Award amount based on • Cost of Attendance, • Expected Family Contribution (EFC), and • Enrollment Status

  42. Loans • Stafford (subsidized and unsubsidized) – Will have a fixed interest rate of 6.8%. • Parent PLUS – Will have a fixed interest rate of 8.5%. • Alternative • Texas B-On-Time - Loans that were disbursed prior to 07-01-06 have a variable interest rate that changes each July 1st.

  43. Red Raider Student Employment Center • Our goal is to provide assistance to currently enrolled Texas Tech students who are searching for part-time jobs to help pay their way through school, and assist employers who are searching for Texas Tech students to fill their part-time positions. Any full-time or part-time Texas Tech student can use our free service, regardless of financial need.

  44. RRSEC cont. • To accomplish our goal, the RRSEC will: • Advertise job listings available to students and employers 24 hours a day, 7 days a week. Students may search for part-time positions on the web. • Provide information about part-time employment to students and employers. • Provide information to students and employers about the federal work-study program. We hope we are able to help you with your employment needs, and thank you for using our services!

  45. Other Sources of Funds • State • grants, scholarships, loans, and work programs • For full listing visit:www.CollegeforTexans.com • School • athletic, academic, other talent-based programs, grants, scholarships, loans, and work programs • Private business scholarships • Civic organization scholarships

  46. Private Scholarship Search • Internet: • College Board’s Scholarship Search www.collegeboard.com/pay • FastWeb Scholarship Search www.fastweb.com • Scholarship Resource Network Express www.srnexpress.com

  47. Private Scholarship Search cont. • Local library resources • Local businesses and civic organizations • Parents’ places of employment

  48. Avoid Being Scammed If it costs money to get something for free, it is probably not worth it. • Information about financial aid scams and tips to avoid being scammed is available: • Department of Education’s web site at: www.ed.gov/prog_info/SFA/LSA • Federal Trade Commission’s web site at: www.ftc.gov/bcp/conline/publs/alerts/ouchart.htm

  49. Avoid Being Scammed cont. • To check the legitimacy of scholarship search organizations or individuals check Better Business Bureau’s web site at: • http://search.bbb.org/search.html

  50. What to remember? Meet all application priority dates. TTU priority dates for financial aid are: • Fall – April 15th • Spring October 1st • Summer March 1st • All Scholarship Applications for continuing students must be received by February 1st

More Related