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Money Matters: The Bill, Your Aid, Other Resources and Expenses. 2011-2012 Academic Year Roxanne Dumas, Director of Financial Aid. Agenda. Costs The Fenway Card Health Insurance Billing Timeline Payment & Financing Options Private Scholarships Student Employment
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Money Matters:The Bill, Your Aid, Other Resources and Expenses 2011-2012 Academic Year Roxanne Dumas, Director of Financial Aid
Agenda • Costs • The Fenway Card • Health Insurance • Billing Timeline • Payment & Financing Options • Private Scholarships • Student Employment • Financial Aid Things to Do
2011-2012 Costs • Fall Spring Total • Tuition $14,495 $14,495 $28,990 • Room & Board $6,185 $6,185 $12,370 • Student Activity Fee $105 $0 $105 • General Fee $480 $480 $960 • Orientation Fee $250 $0 $250 • Rm Damage Deposit $100 $100 • Total* $21,615.00 $21,160.00 $42,775
The Fenway Card • Serves as student ID • Provides access to residence halls and dining facilities • “Fenway Cash” may be used at the laundry & vending machines, and off-campus locations • Family/student can add “Cash” by going to http://www.fenwaycard.com/
Health Insurance • Required by the Commonwealth of Massachusetts • $1,650 annual premium for 2011-2012 year • If covered under another plan, students must complete a Health Insurance Waiver • Waive at www.universityhealthplans.com • Deadline to complete waiver is August 1, 2011
Billing Timeline • Fall 2011 Semester Bill • Mailed July 1, 2011 • Due Monday, August 1, 2011 • Spring 2012 Semester Bill • Mailed in November 15, 2011 • Due Thursday December 15, 2011
Balance Due You are billed for the balance after: • $200 Tuition Deposit • $100 Room Deposit (if living on-campus) • Financial Aid (excluding Federal Work Study) • Private Outside Scholarships (w/documentation) • Approved and completed alternative parent and/or student loans
Balance Due - Example • Tuition $14,495 • Activity Fee $105 • General Fee $480 • Orientation Fee $250 • Room & Board $6,185 + $100 deposit fee Total $21,615 • Deposit - $ 300 • Financial Aid/Schs - $ 9,500 Balance Due $11,815
Payment and Financing Options • Personal Check, Money Order, Traveler’s Check • Electronic Check Payment through Wheelock on-line Billing and Payment System • Visa, MasterCard, American Express or Discover • Wire Transfer • Monthly Payment Plan through TuitionPay • Federal Parent Loan for Undergraduate Students (PLUS) Loan • Parent or Student Private Education Loans
Interest Free Monthly Payment Plan • TuitionPay • $55 Enrollment Fee • 7, 8, 9 and 10 month plans – June through March • (800) 635-0120 or http://tuitionpay.salliemae.com
Credit-based Loans • May borrow up to full cost of education after financial aid • Please initiate requests NOW so we can ensure processing prior to the bill due date. • Decide on amount (plan for both terms) and choose a lender • To apply, please refer to the Alternative Financing Guide brochure, or go to our web site: www.wheelock.edu/finaid • Don’t plan on a credit refund for books, travel and other living expenses. It will not be available until about 4 weeks in to the term.
Private Outside Scholarships • Students must provide written documentation of the scholarship(s) for the pending award to be reflected on the billing statement • Students should check with scholarship organization regarding renew ability • Student is responsible for completing the scholarship process and making sure funds are received • Very Significant private scholarships may impact a student’s financial aid award
Student Employment • On-campus jobs are available but are limited • Students receive an email around move in weekend with more information • Students contact supervisors and apply for jobs • Complete required documents • Forms of original ID needed to process job paperwork • 1. Valid U.S. Passport OR • 2. Social Security Card AND Valid License/Picture ID • Complete I-9, W-4 • Direct Deposit Form-Bring a Blank Check or Savings Account Information • Work-Study, Term-Time, Jumpstart, Off-Campus
Financial Aid – Things to do • Students borrowing a Stafford loan must complete an Entrance Counseling and Master Promissory Note. • If receiving outside scholarships, send financial aid the agency notice • Applying for Future Years • Complete FAFSA in January (estimated income) • Priority filing date of April 15, 2012 • Award Letters Mailed out June
Contact Information Offices located in Student Service Center Financial Aid Telephone: (617) 879-2443 Fax: (617) 879-2470 Email: finaid@wheelock.edu Student Accounts Telephone: (617) 879-2236 Fax: (617) 879-2386 Email: studentaccounts@wheelock.edu