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Presented by: University Scholarships & Financial Aid Services (USFAS)

Money Matters: Part 1: Financial Aid Process for Transfer Students. Presented by: University Scholarships & Financial Aid Services (USFAS). LEAVE THIS SPACE CLEAR. Money Matters Session Goals. Two part presentation: University Scholarships & Financial Aid Services (USFAS)

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Presented by: University Scholarships & Financial Aid Services (USFAS)

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  1. Money Matters:Part 1: Financial Aid Process for Transfer Students Presented by: University Scholarships & Financial Aid Services (USFAS) LEAVE THIS SPACE CLEAR

  2. Money Matters Session Goals Two part presentation: • University Scholarships & Financial Aid Services (USFAS) Goal-Help you understand the financial aid process at USF, provide tools for you to monitor your aid application and explain how you get your aid • University Controllers Office (UCO) Goal-Help you understand what you owe, when and how to pay

  3. Agenda-Money Matters Part 1 • USFAS website to understand the financial aid process, policies and more… • Using OASIS to find answers and monitor your financial aid status… • Tools to help you budget for college costs • Florida Bright Futures • Tuition Deferments

  4. Agenda-Money Matters Part 2 • Using OASIS to see what you owe and how to pay the bill • Important Payment Information • How Financial Aid Pays Your Bill • Florida Pre-Paid

  5. www.usf.edu/finaid

  6. OASIS: Answers your questions 24/7! www.usf.edu/oasis

  7. OASIS Main Menu After login, select the ‘Financial Aid’ tab

  8. Financial Aid Year Selection Menu Select 1011 for summer 2011 or Select 1112 for fall 2011/spring 2012

  9. Financial Aid Main Menu

  10. 2011-2012 Estimated Cost of Attendance (fall and spring) Based on 2010-2011 Costs Tuition……………………………………..............................................$5,200 (15 credit hours/semester) Room/Board…………………………………………………………………….…$9,000 Books……………………………………………………………………………….…$1,500 Personal……………………………………………………………………… …….$2,500 Transportation……………………………………………………………………$1,600 Total for Florida Residents………………………………………………….$19,800 Non-Resident Tuition Fee…………………………………………………..$10,810 Total for Non-Residents………………………………………………………$30,610 *Tuition rate is currently $170.80per credit hour plus $37 flat fee per semester *Non-resident fee is currently $531.11 per credit hour plus $37 flat fee per semester *Final tuition rates will be available late July 2011

  11. Florida Bright Futures Scholarships

  12. Florida Bright Futures New for 2011-2012! All Bright Futures recipients must complete the Free Application for Federal Student Aid (FAFSA) www.fafsa.gov

  13. Florida Bright Futures (cont’d) • Florida Academic Scholars- $101 per credit hour • Florida Medallion Scholarship- $76 per credit hour • Gold Seal Vocational Scholars- $76 per credit hour • You will receive Bright Futures even if you have other types of aid that pay your tuition/fees, including Florida Pre-Paid Plans

  14. Florida Bright Futures (cont.) • You must repay the university for any courses dropped or withdrawn from that were paid with Bright Futures funds • Bright Futures funds are not available during the summer

  15. Tuition & Fee Deferments

  16. Tuition Deferments Tuition Deferments for financial aid recipients • Automatically provided if you have Bright Futures and/or a USF scholarship or if you have a FAFSA on file by the deadline announced on the USFAS website • Prevents cancellation for non-payment • After you register, check OASIS to see if you qualify; remember check each term • Provides temporary extension to pay tuition

  17. Take 15!..credit hours each semester

  18. Things for you to consider as you enroll in classes Staying eligible for aid means: • not enrolling in classes that are not needed for your degree program • having a 2.0 GPA by the time you are in junior standing • completing at least 67% of the courses in which you enroll each term • attaining a bachelor’s degree in less than 180 hours attempted FINISH WHAT YOU START!

  19. Impact of Enrollment Decisions • Repaying Bright Futures for dropped courses • Reaching the 120 credit hour limit on Bright Futures and not having a degree • Being able to enroll but losing aid for low completion ratio (67%) or low GPA (less than 2.0) • Paying excess hours charges for credit hours attempted over 144 • Paying repeat course surcharges if a course is taken for a third time

  20. Be A Smart Borrower! • Your financial aid awards may include student loans which have: • Low interest rates • Deferred repayments • Borrow only what you need! • Remember to use our cost calculators!

  21. Cost Calculators Use our cost calculators to determine actual costs and budget wisely!

  22. Next Steps • Register! • Complete aid file and unsatisfied requirements • Read and accept Terms & Conditions • Accept your awards in OASIS • Complete MPN & Entrance Interview if loans are accepted

  23. Next Steps (continued) • Pay close attention to emails you receive/keep email address current in OASIS • Sign up for eDeposit in OASIS • Notify UCO of 3rd party payments • Pay your bill by the deadline if not receiving a deferment • Review this presentation on our website (www.usf.edu/finaid)

  24. Thank You! Be sure to return for Part 2 of the Money Matters session! LEAVE THIS SPACE CLEAR

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