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Finding Out What You Owe MyUW Changes in the Bill Paying Tuition & Fees Deadlines Payment Options Financial Aid Disbursement Sign Your Promissory Note Direct Deposit Managing Your Finances Taxes Money 101 Contacts & More Information. 1. Parent Guide.
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Finding Out What You Owe • MyUW • Changes in the Bill • Paying Tuition & Fees • Deadlines • Payment Options • Financial Aid Disbursement • Sign Your Promissory Note • Direct Deposit • Managing Your Finances • Taxes • Money 101 • Contacts & More Information 1
Parent Guide http://www.washington.edu/parents/ 2
E-Billing: The official UW Bill • Email notification (student’s should forward their email) • View bill on line (MyUW) • Download and print a copy • Authorize individuals to have online, phone and in-person access to your tuition information • Links to payment methods 4
Return to Student Fiscal Services by tuition due date for refund $44 per quarter $100 withdrawal thru 7th day $20 replacement after 1st week 6
Student Insurance http://depts.washington.edu/ovpsa/insurance.html Must make selection and/or any changes by 7th calendar day of the Quarter Finding Out What You Owe - Insurance 7
Your tuition payment is due on the 3rd Friday of the Quarter One day late... LATE FEES $50 to $249.99 $50 $250 and over $120 Students will have holds on registration and transcripts until the past due balance is paid. Paying Tuition - Deadlines 9
Web Check Paying Tuition – Payment Options 10
NO FEE to use Paying Tuition – Payment Options 11
You may pay by check or cash… Drop in slot Hub Branch of US Bank In person in 129 Schmitz US mail Paying Tuition – Payment Options 12
Student or a 3rd Party May Pay by Credit Card MyUW or https://sdb.admin.washington.edu/parents/ccpay.asp There will be a convenience fee for each transaction Paying Tuition – Payment Options 13
Financial Aid Disbursement 14
Aid Disbursement Stafford Loan Sign Your Master Promissory Note Online: dlenote.ed.gov Perkins Loan Sign Your Master Promissory Note Online: MyUW - Financial Aid Status • Federal Direct Parent Loan • for Undergraduate Students (PLUS) • Respond to the Letter from SFS Requesting Information • Sign the Master Promissory Note Online: dlenote.ed.gov Financial Aid Disbursement - Loans 15
Short Term Loans Maximum available is $2500 (undergrad); $3200 (graduate/professional) Apply to tuition or receive cash MyUW’s Personal Services – click on “Short Term Loan Application” 90 Day Loan Full Loan Amount Due the Following Quarter Financial Aid Disbursement - Loans 16
Disbursement of Financial Aid: Loans, Scholarships & Grants Generally, tuition and fees are paid first Depending on the stipulations of your sponsor, the balance may be available to you. Financial Aid Disbursement 17
You can receive your aid 2 ways • 1. Direct Deposit into your bank account • To set up – log on to http://myuw.washington.edu • Go to Direct Deposit Transfer under “Student Personal Services” • 2. Through the US mail to your address • A request needs to be made a day in advance of mailing: • web: www.washington.edu/students/sfs/ • email: sfshelp@u.washington.edu • telephone: (206) 543-4694 In-person pick up of checks is not available Financial Aid Disbursement 18
IRS Taxes For information read IRS publication 515 IRS web site: http://www.irs.gov/ UW tax web site: www.washington.edu/students/sfs/sao/maintax.html Tax Questions for Student Fiscal Services Email: taxquest@u.washington.edu Managing Your Finances 20
Did you know that the average undergraduate owes $3,262 on credit cards? Loan debt can burden students early on. Money 101 can help! SFS offers money management workshops covering a variety of topics, including: • Money Management Overview • Spending plan • Credit (reports & scores) • Borrowing (loans & credit cards) • Budgeting for Study Abroad • Investing Managing Your Finances 21
Questions? • Student Financial Aid Office • Or • Student Fiscal Services Student Fiscal ServicesSFS 22
Student Financial Aid Office • Handles applications for financial aid and scholarships • Determines eligibility for and awards federal, state and institutional financial aid • Monitors continued eligibility for financial aid • Helps finalize award—collects required documents, removes holds • Revises eligibility for aid and revises awards Student Fiscal Services SFS 23
Student Financial Aid OfficeCounseling help with financial aid eligibility questions, revisions to aid, loan repayment counseling and help with emergency financial situations. Financial Aid Counselors available: Mon – Fri, 9-5 in Schmitz 105 (no appointment necessary) phone at 206-543-6101 email at osfa@u.washington.edu 24
Student Fiscal Services • Questions about: • Items on The Tuition Statement • Payment of Tuition and Fees • Outside Sponsor Payments • Aid Disbursement - After It Is Awarded • Money Management SFS Advisors are experienced customer service representatives ready to meet with every student in need of our services. Call (206) 543 – 4694 or stop by to make an appointment. 25
Student Fiscal Services 129 Schmitz Hall Box 355870 (206) 543 – 4694 FAX: (206)685-2942 sfshelp@u.washington.edu www.washington.edu/students/sfs Want an immediate response between 8 am and 5 pm, Mon-Fri? Live Advisor Student Fiscal ServicesSFS 26
For more information: Email: sfshelp@u.washington.edu Phone:206-543-4694 Fax: 206-685- 2942 Student Fiscal Services 129 Schmitz Hall 1400 NE Campus Parkway Seattle, WA 98195-5870 27