NSO Parent Workshop

NSO Parent Workshop

Student Financial Services

View a copy of this presentation on the Student Financial Services Home page- it will be posted after NSO

To access fee detail information, select “Directories”, then “Student Financial Services” from the NU home page

www.nipissingu.ca

To find out how much you owe and what’s due when, select the correct program and year of study from the pull-down list… the updated information for 2013/14 should be available by mid-May

For general information on Residence fees, follow the “Residence” link from the Student Financial Services website – watch for updates for 2013/14

Your actual residence fees won’t be charged to your account until late August, after room determinations

have been made.

To check your actual fees & to access tax receipts, log into WebAdvisor through “My Nipissing”: up-to-date fee information should show up there by the end of August

Information on WebAdvisor

How can I pay?You may pay by cash, certified cheque, debit card (ensure you have a high enough daily limit to cover your payment), money order (payable to Nipissing University) or online* or in person* at any of the five main banks. We do NOT accept credit card payments!

Paying after hours?Use our after hours drop box next to the Student Financial Services Office (F216) exit door – cheques or money orders only!

Paying your fees with OSAP?Make sure an application is submitted by July 15 and that ALL required documentation has been mailed in (you can check your status online by logging back into the OSAP website). Also ensure that you have processed your MSFAA with a designated postal outlet during the summer. If your file is complete as of the fee deadline date, the first fee installment will be deducted. We assume you wish to pay by installments!

*NOTE ABOUT ONLINE & BANK PAYMENTS:It can take several business days for online and bank payments to be posted to the student’s account. Keep this in mind if you need to meet a deadline!

Keep a copy of the receipt (or print the online payment proof) and provide it to the student, in case it’s needed.

Note that it is still possible to apply for OSAP after July 15; it is just less likely that your funding will be available in time for the first day of classes. To apply, visit osap.gov.on.ca.

Methods of Payment

Apply online by selecting here

Throughout the year, check the status of the application here

By selecting this option, you are automatically considered for OSAP AND the 30% off Ontario Tuition Grant!

A funding estimate can be viewed on the OSAP website; at some point this will change to a true assessment with a breakdown of loan vs grant funding and timelines for release

2013-2014

2013-2014

Print your MSLA and take it to a designated postal outlet for processing early in the summer

Print both sets of signature pages and send them to the Financial Aid office of the school to which you’ve applied for OSAP. The option to print the signature pages won’t come up until you SUBMIT your application

The option to print all of the required

supporting documentation

won’t come up until you SUBMIT your

application

When the file is complete and an assessment has run, a new option – funding summary- will appear in

the left hand list

This message tells you the file is complete; check the funding summary regularly for details on how much will be issued and when. The school will automatically confirm enrolment just before school starts and each time additional funding is ready to be issued.

Jane Doe

Check the funding summary throughout the year for updates on changes to funding and when it will be available for pick up.

Jane Doe

2013-2014

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Work through a general budget BEFORE the start of the school year

Sample Budget (for student living in residence)

Tuition, Student Fees, Books $7800

Residence $6200

Food $1700

Phone (cell & long distance) $560

Clothes/laundry $680

Trips Home (4 @ $150 each) $600

Entertainment/Personal $1600

TOTAL $19140

When are awards paid out?

Scholarships, bursaries and awards are credited FIRST to fees (residence & tuition) owing, then released as a cheque to the student

In the Fall: Presidents, Schulich or Chancellor’s awards are paid toward the first tuition installment; full Tuition Assistance Bursary

All other awards and balance of large scholarships paid in January

RESPs

Check with your service provider to determine if and when a specific form must be completed to access RESPs – must be completed by Registrar’s Office

Plan in advance how and when to withdraw RESP funds to maximize tax benefits

For advice on how to cash out RESPs,check out www.bankrate.com/brm/news/sav/20040512can.asp

Other funding options

Investigate Student Line of Credit offered by all major lenders (shop around!)

Check the web for external scholarships and awards (www.studentawards.com and www.scholarshipscanada.com)

Work Study In-course bursaries