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Money Matters:

Money Matters:. Financial Aid at the University of South Florida. Presentation Agenda. Financial Aid Disbursement Process/Fee Payment Bookstore Services. 2008-2009 Estimated Cost of Attendance. Florida Residents Fall & Spring Tuition $3,990 (2 semesters -15 credit hours/semester)

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Money Matters:

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  1. Money Matters: Financial Aid at the University of South Florida

  2. Presentation Agenda • Financial Aid • Disbursement Process/Fee Payment • Bookstore Services

  3. 2008-2009 Estimated Cost of Attendance Florida Residents Fall & Spring Tuition $3,990 (2 semesters -15 credit hours/semester) Room/Board $8,080 Books $1,500 Personal $2,500 Transportation $1,600 Total $17,670 OFFICE OF FINANCIAL AID

  4. 2008-2009 Estimated Cost of Attendance Out of State Residents Fall & Spring Tuition $16,710 (2 semesters -15 credit hours/semester) Room/Board $ 8,080 Books $ 1,500 Personal $ 2,500 Transportation $ 1,600 Total $30,180 OFFICE OF FINANCIAL AID

  5. FAFSA If you haven’t already applied, it’s not too late for some financial aid programs • Complete your FAFSA to apply for financial aid • www.fafsa.ed.gov • Make sure USF’s federal school code (001537) is on your FAFSA OFFICE OF FINANCIAL AID

  6. Financial Aid Web Site Access the following: • Quick Updates • Quick Links • Obtain financial aid forms • Financial Aid Programs At a Glance OFFICE OF FINANCIAL AID

  7. Financial Aid Web Site Link to Financial Aid Programs at a Glance to find details on: • Financial Aid Programs • Award requirements • Renewal requirements OFFICE OF FINANCIAL AID

  8. OASIS Web Site • Check outstanding requirements • Complete online forms • Accept awards • Regularly check your financial aid awards OFFICE OF FINANCIAL AID

  9. OASIS Web Site Each semester: • Check for tuition and/or housing deferments • Check for the Bookstore Advance Purchase Program (BAPP) • Review and update your ‘Personal Information’ OFFICE OF FINANCIAL AID

  10. From the OASIS MAIN MENU, choose ‘Student and Financial Aid’

  11. Then choose ‘Financial Aid’

  12. Choose ‘My Requirements, Bookstore Authorizations and Deferments’

  13. Automatic Tuition Deferments Tuition Deferments • Provided to students receiving financial aid (including Bright Futures) • Tuition payment will be temporarily deferred OFFICE OF FINANCIAL AID

  14. Housing Deferments Housing Deferments • Check OASIS to see if you qualify • Review your housing contract for qualifying criteria OFFICE OF FINANCIAL AID

  15. Bookstore Advance Purchase Program (BAPP) Allows students receiving financial aid to purchase their textbooks & supplies in advance of the first day of classes, prior to financial aid awards being disbursed OFFICE OF FINANCIAL AID

  16. BAPP Criteria To qualify you must: • Have financial aid of at least $100 in excess of all charges on your student account • Be enrolled at least half-time (minimum 6 credit hours) • Check OASIS prior to the start of each term to see if you qualify OFFICE OF FINANCIAL AID

  17. BAPP • For example, if you owe USF $3,000 for the term, you must have at least $3,100 in aid for the term to take advantage of the program OFFICE OF FINANCIAL AID

  18. Tuition Differential Fee • Is an additional tuition fee • Approximately $7 per credit hour above base tuition cost • Bright Futures will not pay this fee • Pre-Paid recipients may have fee removed after activation of pre-paid (You take your pre-paid card to Cash Accounting-ADM 125) OFFICE OF FINANCIAL AID

  19. Florida Bright Futures Florida Academic Scholars • Pays full tuition minus differential fee • Pays educational allowance – $375 per year Annual Renewal Requirements: • 3.0 GPA • Earn 12 credit hours per academic year OFFICE OF FINANCIAL AID

  20. Florida Bright Futures Florida Medallion & Gold Seal • Pays 75% tuition minus differential fee Annual Renewal Requirements: • 2.75 GPA • Earn 12 credit hours per academic year OFFICE OF FINANCIAL AID

  21. Florida Pre-Paid Program Pre-Paid Tuition Plan • Pays for approximately 75% tuition • Remaining fees are considered local fees Pre-Paid Local Fee Plan • Pays for approximately 23% of fees associated with tuition • Remaining fees are not covered by Tuition or Local fee plans Pre-Paid Housing Plan • Pays for costs associated with specified on-campus residence halls OFFICE OF FINANCIAL AID

  22. Florida Bright Futures & Florida Pre-Paid Tuition You can use both programs at the same time. Each semester: • FL Pre-Paid is applied to the student account first • Bright Futures funds are disbursed to the student account after the end of the first week of classes OFFICE OF FINANCIAL AID

  23. Florida Bright Futures & Florida Pre-Paid Tuition 3. Excess funds remaining after tuition has been paid will be applied to other charges posted to your student account OFFICE OF FINANCIAL AID

  24. Be Sure to Report Funds From Other Sources Federal regulations prohibit you: • From receiving more financial aid than your cost of attendance • From receiving need-based aid that exceeds your calculated financial need This may require an adjustment to your award OFFICE OF FINANCIAL AID

  25. Report Funds From Other Sources Avoid late surprises: • Report any funds not listed on your award summary in OASIS • Let us know immediately using the Additional Resources form (available from the financial aid website) OFFICE OF FINANCIAL AID

  26. Be A Smart Borrower! Your financial aid awards may include student loans • Low interest rates • Deferred repayments OFFICE OF FINANCIAL AID

  27. Borrow Wisely! • Plan your budget! • Borrow only what you need so your eligibility doesn’t run out before you graduate! • Keep track of what you borrow! OFFICE OF FINANCIAL AID

  28. The Loan Process To receive Federal Stafford Loan funds: • Complete the Entrance Interview in OASIS • Select a lender using the Stafford Lender Preference Form in OASIS OFFICE OF FINANCIAL AID

  29. The Loan Process To receive Federal Stafford Loan funds: • Accept, decline or reduce your loans in OASIS --Be careful in using the “Accept all awards” link • Complete a Master Promissory Note with your lender --Link from the list on the financial aid website OFFICE OF FINANCIAL AID

  30. University Controller’s Office

  31. How Much Does It Cost? The 2008-09 tuition rate for undergraduate Florida residents is estimated to be $130.55per credit hour plus a $37 flat fee UNIVERSITY CONTROLLER’S OFFICE

  32. How Much Does It Cost? The 2008-09 tuition rate for undergraduate out of state residents is estimated to be $554.45 per credit hour plus a $37 flat fee UNIVERSITY CONTROLLER’S OFFICE

  33. Florida Pre-Paid Program • Take a copy of your Pre-Paid card to the University Controller’s Office in the Administration Building (ADM) Room 125 • Contact the Florida Pre-Paid Program at 1-800-552-4723 for further details • Tuition differential charge will be removed after activation of Florida Pre-Paid account in ADM 125. UNIVERSITY CONTROLLER’S OFFICE

  34. Tuition Payment • Tuition is due by the end of the first week of classes • Fall 2008—August 29, 2008 Late payment fee: $100 Late registration fee: $100 UNIVERSITY CONTROLLER’S OFFICE

  35. The Student Account: How It Works 1. Charges you owe the University are posted to your student account Note: Meal plan charges will not appear on the student account until the first week of fall classes 2. Payments are applied to charges on the student account UNIVERSITY CONTROLLER’S OFFICE

  36. The Student Account: Disbursement Process 3. Financial aid disburses through the student account • Occurs after the 5th day of classes • Charges posted to your student account when financial aid disburses will be paid UNIVERSITY CONTROLLER’S OFFICE

  37. The Student Account:Disbursement Process 4. If all charges have been paid and a credit results, remaining funds will be e-Deposited to your personal bank account (if you subscribed via OASIS) UNIVERSITY CONTROLLER’S OFFICE

  38. Choose ‘Tuition & Fees’ to Sign Up for e-Deposit

  39. Choose ‘SUBSCRIBE TO e-DEPOSIT’

  40. Subscribe to e-DepositIn OASIS!

  41. How Much Do I Owe? • University Controller’s Office does not send bills • Check OASIS prior to the start of each term • Click on ‘Tuition and Fees’ UNIVERSITY CONTROLLER’S OFFICE

  42. “HOW MUCH DO I OWE?” Choose ‘Tuition & Fees’

  43. Choose ‘View My Account Summary By Term’

  44. Student UID View Your Account Balance

  45. How To Pay Your Tuition • By e-Check if you have subscribed to e-Check through OASIS • At the Cashier’s Office Administration Building (ADM) Room 131 • Drop box outside ADM 131 UNIVERSITY CONTROLLER’S OFFICE

  46. How To Pay Your Tuition • By mail ---Remember, the envelope must be postmarked by the due date for each term to avoid the late payment fee • Use OASIS UNIVERSITY CONTROLLER’S OFFICE

  47. USF BOOKSTORE

  48. Textbook Reservations Reserve online: • First chance at our USED books • Avoid lines • Book pickup or home delivery USF BOOKSTORE

  49. Textbook Reservations Pay using: • BAPP • Visa, MC, Discover, AMEX USF BOOKSTORE

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