Money Matters for Students

1. Money Matters for Students Financial Aid & Student Financial Services Summer & Fall Orientation

2. What’s the Difference? Financial Aid Student Financial Services • We review the FAFSA once submitted by the student. • We handle Bright Futures awarded to students. • We award Financial Aid to the student according to the results of the FAFSA. • We accept payments for tuition and other University charges. • We disburse financial aid and University refunds. • We process Florida Pre-Paid tuition plans and other third party billings. • Both offices assist students with debt management.

3. Location Financial Aid and Student Financial Services are located in the Stadium Financial Aid Student Financial Services A4400 University Center Tallahassee, FL 32306 Phone – (850) 644-0539 Fax - (850) 644-6404 Office Hours: 8:30 am-5:00pm FAFSA school code: 001489 www.financialaid.fsu.edu Email: ofacs@admin.fsu.edu A1500 University Center Tallahassee, FL 32306 Phone – (850) 644-9452 Fax - (850) 644-5142 Office Hours: 8:00 am-5:00 pm Cashier Hours: 8:30am-4:30pm www.sfs.fsu.edu Email: sfs@fsu.edu

4. FAFSA EVERYONE qualifies for some type of financial aid! The key is to apply EARLY! • Federal Grants (Pell, ACG, SMART, SEOG, & TEACH) • Federal Work-Study • Federal Stafford Loans • Federal Perkins Loans Every year complete the Free Application for Federal Student Aid (FAFSA) as soon as it becomes available on January 1st.

5. How to Complete the FAFSA Apply for a PIN at www.pin.ed.gov Both parents and student need a pin to sign FAFSA electronically .

6. How to Complete the FAFSA Apply on-line at www.fafsa.ed.gov Use previous years tax information or estimated tax information if taxes are not already completed.

7. Your One Stop Shop https://campus.fsu.edu View your Financial Aid Status • The Financial Aid Student Toolkit provides status updates and alerts that need to be taken care of. Check your Account Statement • Provides up to date billing information and is available 24/7. Account Refund Setup • Tells FSU how you would like your refund sent. • Mailed to your local address • FSU SunTrust Account Payments • Online payments are made under the “make a payment” link. Parental Access • Parent/Third Party Access allows others to have access to your account information.

8. Secure Apps

9. Financial Aid Student Toolkit

10. Account Refund Setup

11. Account Statement

12. Payment Methods In Office Payments: • Monday-Friday 8:30am-4:30pm • FSU Card • Cash • Check or Money Order Online Payments : • FSU Card • Debit Card • All Major Credit Cards • Electronic Check $7 convenience fee for all online transactions

13. Florida Prepaid Billings are automatically entered • We do not need to see your Prepaid card. Two Types of Florida Prepaid: • Standard Plan • Standard Plan plus the Local Fees Plan Contact Information: • 1-(800)552-4723 • www.florida529plans.com Florida Prepaid dorm is handled by the Housing Office.

14. Steps to Accepting Loans Accept awards via Office of Financial Aid student toolkit Complete: • Loan Entrance Counseling • Master Promissory Note • www.studentloans.gov Federal Parent Plus Loan • Complete: • FAFSA (if not all ready of file) • Direct Loan Federal Plus Loan Application • Direct Loan Master Promissory note for parents To print an application and for more details please visit our website. • www.finaid.fsu.edu

15. Bright Futures • Academic Scholarship • Maintain a 3.0 cumulative GPA and complete 24 credit hour per academic year. • Medallion Scholarship • Maintain a 2.75 cumulative GPA and complete 24 credit hours per academic year. All Classes dropped after drop and add MUST be REPAID *Amounts are subject to change

16. Scholarships Florida State University Scholarships • Automatically reviewed when you applied for admissions to the university Private Scholarships • Report to OFA via student’s financial aid toolkit • Research will continue while you are enrolled • Local organization (rotary clubs, Kiwanis clubs, fraternities, sororities, churches, and banks) • Department of interest • FSU financial aid website at: www.finaid.fsu.edu • Google Search • Send private scholarships to Student Financial Services and be sure to include your student number and the terms and conditions of the scholarship.

17. Disbursing Financial Aid Student Financial Services disburses financial aid on the 5th day of classes: • Financial Aid is: • Grants • Loans • Scholarships • Bright Futures • Tuition and Fees are automatically deducted. • Once all tuition and fees are paid any excess money is refunded according to the Account Refund Setup.

18. Important Dates: Financial Aid Disbursement: • Summer Session C: Tuesday, July 5th • Fall: Tuesday, September 6th Tuition Payment Deadline • Summer: Friday, July 8th • Fall: Friday, September 9th • A late fee of $100 may be assessed to unpaid tuition. • Unpaid tuition may lead to cancelled schedules and additional fees.

19. What’s the Bottom Line? You tell us: • How many hours are you taking? ______ • What is your housing choice? ______ • What is your meal plan choice? ______ • How much is your health insurance? ______ • How much are your books? ______ Bottom Line? ______ The bottom line is different for every student because of all the choices they can make!

20. Debt Management • Financial Aid and Student Financial Services are always available for financial counseling. Set a realistic budget and stick to it. Exhaust all other alternatives before borrowing. Only borrow what you need. Avoid credit card debt. If financial circumstances change contact us!

21. Questions?