Paying for College - 2021 Springboard

Paying for College Financial Aid and Bursar Office

FINANCIAL AID AND PAYMENT OPTIONS ▪ Grants ▪ Scholarships ▪ Student Employment ▪ Loans ▪ Other ▪ Military ▪ Tuition Waivers ▪ College Savings Plans, etc.

▪ Payment Plan Financial Aid

FAFSA ▪ Free Application for Federal Student Aid ▪ Studentaid.gov ▪ myStudentAid

▪ Determines need-based aid eligibility ▪ New Application Available every October

Financial Aid

VERIFICATION ▪ Ensures information on FAFSA is correct

▪ Check CougarNet ▪ Turn in all required documents

▪ Tax returns, institutional forms, etc.

▪ Complete before offer letter is issued Financial Aid

OFFER LETTER ▪ Summary of aid offered ▪ Based on cost of attendance, EFC and available aid ▪ CougarNet ▪ Financial Aid > Award > Award for Aid Year > 2021-2022 > Accept Award Offer ▪ Accept award yearly ▪ Confirm your financial aid

Financial Aid

GRANTS, SCHOLARSHIPS AND STUDENT EMPLOYMENT Pell Grant and MAP Grant ▪ Prorated on credit hours

Outside Scholarships ▪ Send to Financial Aid

▪ Applied once the money is received Federal Work Study / Student Employment

▪ Seek positions on Student Job Finder Financial Aid

NEXT STEPS FOR LOANS ▪ Federal Direct Subsidized and Unsubsidized Loans ▪ 6 credit hours ▪ Complete entrance counseling ▪ Sign master promissory note

studentaid.gov

▪ Parent PLUS Loans ▪ Parent must apply yearly at studentaid.gov ▪ If approved, sign master promissory note ▪ Alternative Loans ▪ Complete credit-based application with lender Financial Aid

COST

siue.edu/paying-for-college/estimator Description

Estimate your: • Tuition & fees • Housing • Meal plan • Parking pass

Don’t • • •

forget: Supplies Transportation costs Miscellaneous expenses

Tuition (15 hrs/semester) & Fees * Room & Board Supplies Transportation Personal Expenses Loan Fees Total * Includes textbook rental fees

Bursar’s Office & Financial Aid

Expense

$12,219 $10,171 $933 $1,420 $1,554 $82 $26,460

How will I receive my bill?

▪ eBill Notification - school email (@siue.edu) ▪ Charges post middle of July

▪ Check bill often ▪ Payment due date by 4:30 p.m. CST ▪ Drop date August 13, 2021

Bursar’s Office

3 WAYS TO ACCESS eBill: 1. SIUE Mobile App – Download Today!

▪ Keep notification settings on

2. siue.edu/pay-my-bill ▪ Student and third-party viewer access

3. CougarNet ▪ Student > Student Account > Student Bill Bursar’s Office

SIUE App Total Balance • Balance owed before aid Pending Aid • Loans/grants • Scholarships/waivers • Military/agency payments To Pay in Full / Installment • Remaining balance after credits • Installment plan ($30) • Seek more aid Anticipated Refund • Credit balance • Refund Friday before term starts

Bursar’s Office

Pay My Bill Preview My Account • Student invite/reset • Third party access Transactions • Payment history Activity Details • CougarNet billing detail • Financial clearance • 1098T

Bursar’s Office

CougarNet Bill Financial Clearance – Important for saving classes!​ • Found in CougarNet and SIUE App​ • Not connected to balance owed Not Cleared

Cleared

- Classes will be dropped - Payment required

- Classes saved - Access to facilities on campus

- First payment due fall & spring ​

Bursar’s Office

CougarNet Bill

Charges and credits posted to the account by date • Tuition & fee entries • Adding & dropping classes • Housing & meal plan • Confirm pending aid • Paid on your account • After first payment due date

Bursar’s Office

CougarNet Bill

Installment Plan Table • 4 payments • $30 a semester

Bursar’s Office

How do I make a payment?

Pay online: siue.edu/pay-my-bill ▪ eCheck: no service fee ▪ Credit Card: 2.75% service fee

Pay by mail: checks only Pay in person: cash or check Optional installment plan ▪ $30 charge per semester ▪ First installment secures registration Bursar’s Office

How do I receive my refund?

How do I set up direct deposit?

• Enroll - CougarNet • Student > Student Account > Direct Deposit Bank Account Information

When will I receive my refund?

• Begins Friday before term starts • Processed twice a week

Future credit balance • Financial aid • Outside vendor • siue.edu/refund

Bursar’s Office

AUTHORIZATION FOR PARENTS OR OTHER PARTIES Family Educational Rights and Privacy Act (FERPA) Students grant access for: Phone & Email Inquiries • Educational record consent – required

• Authorize through CougarNet •

Student > Student Account > Authorization to Release Information

• Offices •

Academic progress

•

Billing and Financial Aid

•

Housing (assignments and contract information)

• Password protected •

Share with parents or other parties

Bursar’s Office

ONLINE AUTHORIZATION FOR PARENTS OR OTHER PARTIES Access to: • Student’s online bill • Pay online • 1098T (tax information)

Students authorize other users: • To receive eBill notification • siue.edu/pay-my-bill • My account – Send “payer invitation” • Reset access

Bursar’s Office

THINGS TO REMEMBER ▪ Confirm financial aid is posted on your account ▪ Financial clearance (cleared) saves classes ▪ Don’t get behind, meet the deadline

▪ Starting in October, file your FAFSA each year Bursar’s Office & Financial Aid

IMPORTANT DATES Mon., August 2

Student job finder opens

Fri., August 13

First installment payment due by 4:30 p.m. CST

August 20-22

SIUE Experience (siue.edu/experience)

Mon., August 23

Fall classes begin

Fri., October 1

Second installment payment deadline 2022-2023 FAFSA opens

Fri., October 22

Third installment payment deadline

Fri., November 12

Fourth installment payment deadline

Fri., December 10

First Payment for Spring

December 13-17

Final examinations

Fri., December 17

Textbook return due by 5 p.m. CST

TIPS ▪ Maintain cumulative GPA of 2.00 and complete at least 67% of coursework ▪ Institutional scholarship renewal criteria ▪ Monitor your CougarNet ▪ Financial Agreement ▪ Students are not relieved of their financial responsibility unless they officially withdraw from classes within the

published deadlines for tuition and fee refunds.

▪ Adding or dropping a class can impact your financial aid Bursar’s Office & Financial Aid

CONTACT US

Office of Student Financial Aid 2308 Rendleman Hall 618-650-3880 finaid@siue.edu

Office of the Bursar 1101 Rendleman Hall 618-650-3123 bursar@siue.edu

Student Employment 2221 Rendleman Hall 618-650-2563 stuemp@siue.edu

Offices are open Monday-Friday, 8 a.m.-4:30 p.m.

Virtual advising is available Emails – include your full name and student ID number