LEAVE THIS SPACE CLEAR Presented by: University Scholarships & Financial Aid Services (USFAS) LEAVE THIS SPACE CLEAR Money Matters: Part 1: Financial Aid Process for Transfer Students
LEAVE THIS SPACE CLEAR Presented by: University Scholarships & Financial Aid Services (USFAS) LEAVE THIS SPACE CLEAR Money Matters: Part 1: Financial Aid.
Mar 29, 2015
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LEAVE THIS SPACE CLEAR
Presented by: University Scholarships & Financial Aid Services (USFAS)
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Money Matters:Part 1: Financial Aid Process for Transfer Students
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Money Matters Session GoalsTwo 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
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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
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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
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www.usf.edu/finaid
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OASIS: Answers your questions 24/7!
www.usf.edu/oasis
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OASIS Main Menu
After login, select the ‘Financial Aid’ tab
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Financial Aid Year Selection Menu
Select 1011 for summer 2011 or Select 1112 for fall 2011/spring 2012
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Financial Aid Main Menu
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2011-2012 Estimated Cost of Attendance (fall and spring)
Based on 2010-2011 CostsTuition……………………………………..............................................$5,200 (15 credit hours/semester)
Room/Board…………………………………………………………………….…$9,000Books……………………………………………………………………………….…$1,500Personal……………………………………………………………………… …….$2,500Transportation……………………………………………………………………$1,600Total for Florida Residents………………………………………………….$19,800Non-Resident Tuition Fee…………………………………………………..$10,810Total for Non-Residents………………………………………………………$30,610
*Tuition rate is currently $170.80 per 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
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Florida Bright Futures Scholarships
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Florida Bright Futures New for 2011-2012!
All Bright Futures recipients must complete the Free Application for Federal Student Aid (FAFSA) www.fafsa.gov
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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
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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
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Tuition & Fee Deferments
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Tuition DefermentsTuition 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
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Take 15!..credit hours each semester
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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!
Things for you to consider as you enroll in classes
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• 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
Impact of Enrollment Decisions
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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!
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Use our cost calculators to determine actual costs and budget wisely!
Cost Calculators
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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
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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)
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Thank You!
Be sure to return for Part 2 of the Money Matters session!
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