Presentation Transcript

1. 2014-2015

   Student Billing AND FINANCIAL AID

2. Overview E billing Communications Authorized Users Student Accounts Online Payment Plans Web Privacy Policy Health Insurance FAQ’s Contact Information Cost of Attendance Financial Aid Process Financial Aid Letters Financial Aid Programs Important Dates
3. E-Billing No Paper Bills https://portal.vsc.edu/ -Web Services Updated on/around the 1st and 15th of each month. Current Activity between those dates Notifications to student through LSC email Student to set up authorized users who can gain access to Bill Payment Site (TouchNet) Student to set up E-Refund Account
4. Student Accounts –Communications Account is the responsibility of the student Any communication is sent to student first via: LSC email LSC Campus mailbox Portal Announcements Website (https://LyndonState.edu/StudentAccounts) Last resort: Letter to home/permanent address Student to set up FERPA waiver Student to Create Access Code
5. Authorized Users View Statement View Current Activity Make a payment Set up a payment plan Save a payment method
6. Student Accounts Financial Clearance Date August 11, 2014 Financial Clearance : Paid in full (Cash, Check, Credit Card) Financial aid in forms of Grants, Approved Loans, and Outside Scholarships VSC Online Payment Plan Combination of the three
7. Payment Plans Fall 2014 VSC Online Payment Plans Available July 1st , 2014 Plan Options: 5 Month Plan: July – November 4 Month Plan: August – November **There is a $30.00 enrollment fee per semester due at the time of setup along with the first payment **There is a $15.00 late payment fee for payments not received or made by the 15th of each month
8. VSC Web Privacy statement The Vermont State Colleges (VSC) respects the right to privacy of every individual using our systems. We will not sell or otherwise commercially disclose the private information of any user (name, address, phone numbers, email addresses, etc). All information collected will be used for internal and legitimate VSC business purposes only.
9. Health Insurance VSC Policy states all students registered at full-time status have to have insurance coverage Every full-time student is automatically billed for VSC Health Insurance ($2038.00/year, billed in Fall Semester) If student has alternative Health Insurance, they must go online to Web Services to waive insurance with current insurance policy number. Last day to waive insurance is September 15, 2014. Charge will not be removed until waiver is completed. Fee is non-refundable after 9/15/14 and non-negotiable Sending this information to Health Services does not satisfy this requirement. Those are medical records to which Student Services does not have access
10. FAQ’s Can other Authorized users view my banking information? – No, students and authorized users cannot see each other’s payment methods. Can authorized user sign up for e-Refunds? – No, only the student can sign up. If the refund belongs to a parent or another individual paying on the student’s behalf, the student is responsible to disburse the funds appropriately. Can my e-Refund go to multiple accounts? – No, refunds can only be applied to one bank account. What is Current Account Activity? This is any thing that changes on the student account since the last billing update.
11. Contact information Student Financial Services Located in Vail 348 Office Hours: 9:00am – 4:30pm Mon – Fri Summer and Winter Break hours: 9:00am – 4:00pm Phone: 802-626-6396 Email: studentaccounts@lyndonstate.edu Website: https://LyndonState.edu/StudentAccounts
12. 2014-2015 Cost of Attendance (financial aid budget)
13. Financial aid process Submit a FAFSA (Free Application for Federal Student Aid) Obtain PINs for student & Parent (electronic signatures) on FAFSA website or at: WWW.PIN.ED.GOV File on the Web: WWW.FAFSA.GOV Apply for LSC grants and scholarships Apply for State Grants Apply for local scholarships or use a scholarship search: www.FinAid.org & www.fastweb.comwww.VSAC.org for Vermont Students www.nhcf.org for New Hampshire residents
14. Financial aid award nOTIFICATIONS New Students begin early FebruaryReturning students begin late May/early June Tentative awards Selected for Verification Parent & Student Official IRS Tax Information (use Data Retrieval Tool on FAFSA OR Tax Return Transcript) Verification Form Final award
15. Financial aid programs A. Grant & Scholarship Programs LSC Grants & Scholarships Federal Pell Grants Federal SEOG Grants State Grants (CT*, MA, ME, PA, VSAC*) *requires separate application Federal Work Study Program
16. Financial aid programs…continued Loan Programs Federal Perkins Loan (5% interest, Lyndon is lender and ECSI is our Servicer.) Federal Direct Subsidized Loan (4.66% fixed interest for new borrowers) Federal Direct Unsubsidized Loan(4.66% fixed interest for new borrowers) Federal Direct Plus Loan for Parents (PLUS) (7.21% fixed interest for new borrowers) Requires Credit Check Deferment for Parent borrower available on Application Direct Loan Servicer at 1-800-848-0979
17. Financial aid programs…continued… Direct Loan Borrowers go to: www.StudentLoans.gov Students complete Direct Loan Entrance Counseling Parent PLUS borrower completes PLUS Application Student borrowers & Parent PLUS borrowers complete Master Promissory Note Alternative/Private Loans (student is borrower, interest rates vary, co-signer required) Compare on the web: www.FinAid.org or www.SimpleTuition.com
18. important dates– fall 2014 February 15 – FAFSA deadline for full aid consideration March 15 – LSC New Student Scholarship Application Due August 11 – Financial Clearance Date August 12 – First $100.00 late fee assessed August 15 – Last day to sign up for a payment plan September 2 – Last day to change meal plan September 2 – Last day to withdraw and receive 100% credit September 8 – Last day to drop a class and affect course load and billing September 15 – Last day to waive health insurance ($2038 charge)
19. Contact information Student Financial Services Located in Vail 348 Phone: 802-626-6396 Office Hours: 9:00am – 4:30pm Mon – Fri Summer and Winter Break hours: 9:00am – 4:00pm Email: studentaccounts@lyndonstate.edu LSCFinancialAid@lyndonstate.edu Web:http://LyndonState.edu/StudentAccounts