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Financial Planning Orientation 2015 Presenters: Raymond Bourdeau, University Bursar Gina Costa, Assistant Bursar Diana M. Draper, Director of Financial Aid Patrick McKiernan, General Manager, Fairfield University bookstores Jason C. Victor, Help Desk Manager John Paul Benedetti, Help Desk Coordinator

Financial planning june 2015 final (2)

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Page 1: Financial planning june 2015 final (2)

Financial PlanningOrientation 2015

Presenters:

Raymond Bourdeau, University BursarGina Costa, Assistant Bursar

Diana M. Draper, Director of Financial Aid Patrick McKiernan, General Manager, Fairfield University bookstores

Jason C. Victor, Help Desk ManagerJohn Paul Benedetti, Help Desk Coordinator

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Today’s Agenda

Welcome Class of 2019! Introductions Office of the Bursar Financial Aid Textbooks, Supplies & University Gear Information Technology Help Desk (ITS4U) Q & A

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Office of the Bursar

Raymond Bourdeau University Bursar

Gina Costa Assistant Bursar

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Fall Semester Bill Detailed Breakdown

Tuition (per semester) $22,125 General University Fee $ 625 Orientation Fee $ 230 Tuition Deposit $ <200> Health Insurance $ 1,590** * Fee removed once waiver is completed

If living ON campus Room (per semester) $ 4,140

Note: Room deposit credited at end of residency Meal Plan (per semester) $ 2,620

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Meal PlanPlan Options

14 meals per week plus100 Dining Dollars per

semester (BASE PLAN)

Unlimited meals per week plus200 Dining Dollars per

semester

Rate Per Semester

$2,620

$3,170

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Billing Statements

ALL billing statements are electronic

Bills are generated on a semester basis

VERY IMPORTANT! STUDENT SHOULD create parent and/or guardian as an Authorized User in the Online Billing and Payment system

Student and Authorized Users receive notification via email that a billing statement has been generated

Student accesses bill via my.Fairfield.edu to Online Billing and Payment site; Authorized Users access bill via URL in email

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Online Billing and Payment Site

Allows Student and Authorized User to access the site 24x7 to:

Review the billing statements View account activity Make payments online via e-check & on time

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Important DatesAction Deadline

Fall semester billing generated 1st week of JULY

Fall semester payment

Last day for receipt of enrollment or contract increases in monthly payment plan

AUGUST 1

Final date to originate Direct/PLUS Loans SEPTEMBER 21

Final date for fall semester extension of receipt of Direct/PLUS Loan proceeds *Late fee assessed after this date

SEPTEMBER 30

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Higher One & Fairfield University

There IS an easierway to make tuition payments…

The Monthly Tuition Payment Plan

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Monthly Tuition Payment Plan

Flexible alternative to traditional lump-sum payments at the start of semester

Allows you pay the total cost of tuition, room and board in 10 equal monthly installments

Families find smaller payments easier to manage

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Monthly Tuition Payment Plan

This plan is NOT a loan!

$55 application fee

NO interest charges!

Reduces or eliminates borrowing

Families pay out of current income or savings

May be used on a stand- alone basis

May be used as a supplement to:

Loans Financial aid

Monthly statement: Acts as a reminder Shows payments &

balance

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Monthly Tuition Payment Plan

In 2014-2015, the Monthly Tuition Payment Plan was utilized by 655 Fairfield families to pay for tuition, room and board!

Your funds are: Protected in a Federally Insured Account

Funds are sent monthly to the University

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Tuition Payment Plan Enrollment

Determine the amount you will pay through the Monthly Plan

Complete the enrollment form online https://tuitionpaymentplan.com

Higher One will notify Fairfield University of your participation in the Monthly Plan

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Determining Your Plan AmountFull Year ExpensesTuition $44,250Room & Board (if applicable) $13,520Total Expenses (A) $57,770Note: Do not include the General University Fee, books or personal expenses in

Monthly Plan.

Full Year DeductionsScholarships/Grants $17,000Loans $ 5,500Direct Payments to School/Other $ 5,270Total Deductions (B) $27,770Amount of Monthly Plan (A minus B)=(C) $30,000Monthly Payment $ 3,000

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Plan Enrollment Terms

Monthly Plan Terms:

BEGINS JUNE 1st ENDS MARCH 1st

On-line enrollment will be accepted through AUGUST 1st

If you enroll AFTER June 1st, you must include payment for all missed monthly payments

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Superior Customer Service

Friendly, knowledgeable Tuition Payment Plan Specialists are available during convenient hours:

Monday – Friday8:00am - 9:00pm ET

Information (800) 635–0120

Questions &

Adjustments (800) 556-6684 After account has

been established

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Superior Customer ServiceSign Up Today!

https://tuitionpaymentplan.com

Online enrollment with E-Check

Tuition Planner – worksheets guide you through payment plan process

Manage Your Account – online access to current account information, online bill payment, online statements

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Office of Financial Aid

Diana M. DraperDirector of Financial Aid

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Financial Aid & Your Bill

• Approved University aid disburses in JULY• Federal and State aid will appear as a “MEMO”

(pending approval) • Deduct “MEMO” items from balance due• State grants will disburse during the Fall

semester • Federal Work-Study does NOT disburse to the

student’s account

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Financial Aid & Your Bill If you do NOT see University aid or MEMO items on

your bill:

Offer of aid has NOT been accepted by student Required documents have NOT been submitted

to confirm aid award File review is still in process

* All offered aid is ESTIMATED until you are notified by the Office of Financial Aid of a final award.

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Federal Loans

Direct Loan Borrowers MUST complete:

• Entrance Counseling• Master Promissory Note

www.studentloans.gov

Students and Parents (for PLUS loans) will need to obtain an FSA ID if you have

not done so already.

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Federal Loans

Federal Perkins Loan Borrowers• A letter will be mailed to students in July

from the FAO with program information.• Loan documents will be completed online.• There is a FIRM deadline by which all

recipients of the Perkins loan must have their FA file and loan documents completed and the loan disbursed to their student account -

September 23, 2015!

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Other Financing

DIRECT PLUS LOAN ALTERNATIVE LOANS

For parents only For students & co-signer

Fixed rate 6.84% Variable rates & interest accrues

Origination Fee 4.292% if disbursed prior to Oct 1.

Fixed rates & monthly payments

Monthly or deferred payments Low or no fees

Repayment options vary Repayment options vary

Reapply each year! Reapply each year!

More details:

www.fairfield.edu/loans

More details:

www.elmselect.com

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DEADLINES & AID CANCELLATIONFinancial Aid Requirement(s) Deadline

- Direct Loan Entrance Counseling- Master Promissory Note - Federal Work-Study Employment forms

JULY 1

- Verification documents (selected students) AUGUST 1

- Final date to originate Direct/PLUS Loans to avoid late fees

SEPTEMBER 23

- Sibling Enrollment Form- Final date for fall semester extension of receipt of Direct/PLUS Loan proceeds *Late fee assessed after this date

SEPTEMBER 30

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FIRST YEAR TIMELINE &EXPECTATIONS

Financial Aid Event Time Frame

Last date to process fall financial aid DECEMBER 11

Spring federal aid disbursement JANUARY 19

2016-2017 Financial Aid application due date – NO exceptions! APRIL 15

Last date to process spring financial aid MAY 6

SAP Review for 16-17 aid renewal (federal and merit) – Notice of cancellation mailed/emailed to students.

Week of:May 30

2016-2017 Award Letters released via email Week of: June 6

Aid cancellation appeal deadline – NO exceptions! JULY 1

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Office of Financial Aid correspondence will ONLY be to STUDENTS via

University Email

https://my.fairfield.edu

NO paper letters mailed (exceptions for appeals, special circumstances & request from student)

&

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2016-2017 APPLICATION DEADLINES

FAFSA

Free Application for Federal Student Aid

www.fafsa.gov

*APRIL 15, 2016 *

CSS Profile

College Scholarship Search Profile

www.collegeboard.org

* APRIL 15, 2016 *

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Financial Aid Office

Office of Financial Aid Aloysius P. Kelley, S.J. Center1073 North Benson Road

Fairfield, CT 06824

Phone (203) 254-4125 Email [email protected]

Web www.fairfield.edu

Summer Hours: 8:00 am – 4:30 pm Monday - Thursday 8:00 am – 12:00 noon Friday

Regular Hours: 8:30 am – 4:30 pm Monday - Friday

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University Apparel & GiftsSchool Supplies

Computer & Phone AccessoriesHealth & Beauty Items

Dorm Supplies

Coming this fall:Stags On The Run Convenience Store

The FairfieldUniversity

Bookstore & Starbucks Café!1499 Post Road Fairfield, CT

Downtown Fairfield

The Stag Spirit Shop

Barone Campus Center, 2nd Floor

Textbooks & Course MaterialsFull trade book selection

…and so much more!

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New and Used • Used books equal to a 25% savings.

• Are eligible for buy back .

Textbook Rental• Register online during checkout!

• Rent and save big (up to 65%)!

• Less risk due to upfront savings .

Digital Textbooks• Interactive.

• Better for the environment.

• On average 45-65% of new list price.

.

Textbook Options

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Textbook RentalSavings of up to 65% compared to new list price

Shop in-store or online

Allows students to chose a preferred form of payment, including their Stag Card

Allows students the freedom to highlight and take notes all within the normal wear and tear associated with coursework

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Buyback Information

We communicate with the faculty on their textbook needs and then buy as many used books as possible to save our students money. TEXTBOOK BUYBACK AVAILABLE ALL YEAR

Up to 50% of initial purchase price!Cash!

CONVENIENCE Available at both store locations

during buyback periods at the end of the semester

“ The Right Book At The Right Price”

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TRADE & REFERENCE BOOKS

GENERAL READING BOOKSFairfield University Faculty AuthorsHuge Children’s Book SectionBestsellersVoted “Best Bookstore in Fairfield County”

QUICK STUDY GUIDES Available for most subjects.

Chemistry, Physics, Health, etc.

EXAM REFERENCESGraduate School Exams

GRE, GMAT, LSAT, MCAT, NCLEX, etc.Nursing Study Guides Language Reference Materials

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GENERAL MERCHANDISE

OFFICIAL Fairfield GEAR Apparel Hats & Accessories Nike & Underarmour Gear

SCHOOL SUPPLIES Full line of school supplies Calendars and planners Clickers & Lab Materials

ACCESSORIES Vera Bradley Kate Spade Lily Pulitzer Bliss Cosmetics Butter London E.L.F. Cosmetics iPhone & iPad accessories Headphones Computer accessories

OFFICIAL Fairfield GIFTS License Plate Frames & Car Decals Glassware & Travel Mugs Moleskine Journals Stuffed Animals Blankets Flags & Banners Phone Cases Keychains & Lanyards And more!

CAMPUS LIVING Dorm room essentials Greeting cards Mailing envelopes FedEx Shipping Services

OFFICIALSTARBUCKS CAFE

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OFFICIAL FAIRFIELD UNIVERSITY GEAR

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STAGS ON THE RUN!(Coming this Fall!!)CONVENIENCE

Grab & Go Sandwiches Salads Soups Fruit & Yogurt Milk & Cheese Microwave Meals

Snacks Crackers & Cookies Nutrition Bars Healthy Options

Frozen Foods Frozen Meals Frozen Pizzas Ice Cream (Ben & Jerry’s)

Beverages Large Packs of Water Soda & Juices

GROCERY Grocery Products Bread Cleaning Supplies Paper Products (Single & Bulk)

HEALTH & BEAUTY CARE Cough & Cold Remedies Pain Relievers Personal Care Products Cosmetics

…and so much more!!

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ADDITIONAL SERVICES

Student Employment Flexible work hours

Apply online or in-store

Discounts include…10% OFF Textbooks25% OFF

Merchandise

Apply online at www.follett.com/careers

Bookstore Gift Cards

Graduation EssentialsCap & GownAnnouncementsDiploma FramesClass Rings

Laundry Service

FedEx Shipping Services

Fax & Copy Service

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http://www.fairfield.edu/bookstore

For more information check out:

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Information Technology Services

ITS

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Information Technology Services

Who Are We/What We Do How/When To Contact Us Buying A Computer Things to Know

ITS

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Maintenance• Network

registration assistance for all devices

• Data backups and data transfers

Repair Remediation• Network

connectivity issues

• Troubleshooting and repair for student computers

• Virus and malware remediation

Information• Hardware/

Software purchase assistance

• HP and Apple computer discounts and warranty services

• wēpa wireless printing kiosks

What We DoITS

Services Provided by the ITS4U Help Desk 

 

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How to Contact Us

Info Fair (203) 254-4069

[email protected] Oak Room Tomorrow

ITS

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www.fairfield.edu/BuyAComputer

Buying A Computer

ITS

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Buying A Computer:Department Preferences

Windows

Engineering

Business

ITS

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ITSBuying A Computer:

Insurance

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Buying A Computer: Accidents Apple Care – 3 Year

Manufacturers Coverage NOT Covered:

accident, abuse, misuse, liquid contact, fire, earthquake or other external cause*

Cosmetic damage to the Covered Equipment including but not limited to scratches, dents and broken plastic on ports*

ITS

*AppleCare Terms & Conditions

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Buying A Computer:Apple Care Alternatives

ITS

National Student Services, Inc.

Safeware.com NSSI.com

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Buying A Computer: HP Care Pack

ITS

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How to Contact Us

Info Fair

(203) [email protected]

BCC Oak Room: Tomorrow

ITS