Finding Out What You Owe
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Finding Out What You Owe Paying Tuition How Much Will It Cost Sources of Money Managing Student Finances. Managing the Maze. Student Fiscal Services 129 SCHMITZ HALL Box 355870 Phone: 206-543-4694 Email: sfshelp@u.washington.edu www.washington.edu/students/sfs/.

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Finding Out What You Owe

Paying Tuition

How Much Will It Cost

Sources of Money

Managing Student Finances

Managing the Maze


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Student Fiscal Services

129 SCHMITZ HALL

Box 355870

Phone: 206-543-4694

Email: sfshelp@u.washington.edu

www.washington.edu/students/sfs/

Office Of Student Financial Aid

105 SCHMITZ HALL

Box 355880

Phone: 206-543-6101

Email: osfa@u.washington.edu

www.washington.edu/students/osfa/


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E-Billing: The official UW Bill

  • Email notification (don’t forget to forward your email)

  • View bill on line (MyUW)

  • Download and print a copy

  • Authorize individuals to have online, phone and in-person access to your tuition information

  • Links to payment methods


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One day late...

LATE FEES

$50 to $249.99  $50

$250 and over $120

Students will have holds on registration and transcripts until the past due balance is paid.

The tuition payment is due on the 3rd Friday of the Quarter


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Student Insurance

http://depts.washington.edu/ovpsa/insurance.html

Must make selection and/or any changes by 7th calendar day of the Quarter


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TuitionForfeitures/ScheduleChanges

Changes must be made by the 7th calendar day of the Quarter in order to avoid financial penalties

8th to the 30th calendar day:

  • $20 Add/drop fee which covers a 24 hour period

  • New tuition rate plus half the difference between the old and new rate

  • After the 30th calendar day:

  • $20 Add/drop fee which covers a 24 hour period

  • Full tuition rate


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Drop in slot

In person in 129 Schmitz

Hub Branch

of US Bank

You may pay by check or cash…


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There will be a convenience fee for each transaction

Student or a 3rd Party May Pay by Credit Card

https://sdb.admin.washington.edu/parents/ccpay.asp


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Aid Disbursement

Stafford Loan

Student Signs Master Promissory Note Online: dlenote.ed.gov

Perkins Loan

Student Signs Master Promissory Note Online: MyUW - Financial Aid Status

  • Federal Direct Parent Loan

  • for Undergraduate Students (PLUS)

  • Respond to the Letter from SFS Requesting Information

  • Sign the Master Promissory Note Online: dlenote.ed.gov


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Outside Sponsors

  • If you are receiving funds from:

    • Hometown Organizations

    • Employers

    • ROTC or other Government Agencies

    • GET Program

Checks and/or contracts are sent to Student Fiscal Services

CorrespondenceCheck Payments

University of WashingtonUniversity of Washington

Student Fiscal ServicesStudent Fiscal Services

129 Schmitz Hall PO Box 24967

Box 355871Seattle, WA 98124-1967

Seattle, WA 98195-5871


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Short Term Loans

Maximum available is $2500 (undergrad); $3200 (graduate/professional)

Apply to tuition or receive cash

MyUW’s Personal Services – click on “Short Term Loan Application”


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Generally, tuition and fees are paid first

Disbursement of Financial Aid: Loans, Scholarships & Grants

Depending on the stipulations of the sponsor,

the balance may be available to the student.



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How Much Will It Cost?

ACADEMIC COSTS PER YEAR

Tuition Non-Resident

Books and Supplies

Room & Board

Personal Expenses

Health Insurance

Transportation

Parking

$23,210

$1,035

$8,640 (7,488*)

$2,265

$1,419

$396

$1,122**

*Residence hall contract – gold meal plan (double occupancy).

**2008-09 rates (est.)


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FAFSA

Free Application for Federal Student Aid

  • Must file the FAFSA each year to be considered for financial aid

  • FAFSA must be filed after January 1st

  • The application must be dated as received by the federal processor by February 28 for priority consideration

  • The receipt date reflects when the servicer processes and stamps your application

  • Transmit your application (or mail the form) no later than February 15

  • Continuing student award letters - notices emailed in late spring/early summer


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Employment & Work Study

http://www.washington.edu/admin/hr/jobs/student_empl_links.html


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Stafford Loans

  • Student is the borrower

  • Current interest rate beginning 7/1/08 – 6.0% fixed subsidized, 6.8% unsubsidized

  • Repayment begins 6 months after student drops below ½ time, leaves school or graduates

  • Deferment – a period in which repayment of the principal balance is postponed (www.dlssonline.com)

  • Sign online at http://dlenote.ed.gov/


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Subsidized Loan

Need based

Interest paid by government while student attending school ½ time or more

Unsubsidized Loan

Non-need based

Government does not pay interest

Students have option of paying interest while attending school or have it added to the principal

Sub vs. Unsubsidized Stafford


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PLUSParent Loan for Undergraduate Students

  • Non- need based

  • 7.90% interest rate

  • Repayment begins 60 days after the final loan disbursement for the period of enrollment for which your parent borrowed or a deferment may be requested while you’re enrolled at least half time

  • Funds electronically transferred to the student’s account unless parent indicates otherwise


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If the PLUS loan is denied by the Direct Loan Program, the student may be eligible for up to $4000/$5000 in additional Unsubsidized Stafford Loan

Additional amount depends upon class code limit and unmet cost of attendance

Written confirmation from the parents that they will not try to re-apply for the PLUS must be provided to the OSFA before the additional loan can be authorized

PLUS Denial


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Aid Disbursement student may be eligible for up to $4000/$5000 in additional Unsubsidized Stafford Loan

Stafford Loan

Student Signs Master Promissory Note Online: dlenote.ed.gov

Perkins Loan

Student Signs Master Promissory Note Online: MyUW - Financial Aid Status

  • Federal Direct Parent Loan

  • for Undergraduate Students (PLUS)

  • Respond to the Letter from SFS Requesting Information

  • Sign the Master Promissory Note Online: dlenote.ed.gov


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Short Term Loans student may be eligible for up to $4000/$5000 in additional Unsubsidized Stafford Loan

Maximum available is $2500 (undergrad); $3200 (graduate/professional)

Apply to tuition or receive cash

MyUW’s Personal Services – click on “Short Term Loan Application”


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Scholarships student may be eligible for up to $4000/$5000 in additional Unsubsidized Stafford Loan

UW Scholarships Office – website and list-serv

http://www.washington.edu/students/ugrad/scholar/

  • Possible sources for scholarships:

  • The Office of Student Financial Aid

  • The Undergraduate Scholarship Office

  • Academic Advisors

  • Professors/Departments

  • Hometown Organizations

  • Employers

  • ROTC

  • Library Reference Sections

Timeline: Plan ahead and meet with mentors during Summer and Autumn Quarters, keeping in mind that deadlines generally occur during Winter Quarter and interviews in the Spring.


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Generally, tuition and fees are paid first student may be eligible for up to $4000/$5000 in additional Unsubsidized Stafford Loan

Disbursement of Financial Aid: Loans, Scholarships & Grants

Depending on the stipulations of the sponsor,

the balance may be available to the student.


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Managing Student Finances student may be eligible for up to $4000/$5000 in additional Unsubsidized Stafford Loan


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Student can receive aid 2 ways student may be eligible for up to $4000/$5000 in additional Unsubsidized Stafford Loan

  • 1. Direct Deposit into the student’s bank account

  • To set up – log on to http://myuw.washington.edu

    • Go to Direct Deposit Transfer under “Student Personal Services”

    • 2. Through the US mail to the student’s address

      • A request needs to be made a day in advance of mailing:

        • web: www.washington.edu/students/sfs/

        • email: sfshelp@u.washington.edu

        • telephone: (206) 543-4694

    In-person pick up of checks is not available


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    For information read IRS publication 515 student may be eligible for up to $4000/$5000 in additional Unsubsidized Stafford Loan

    IRS web site:

    http://www.irs.gov/

    UW tax web site:

    www.washington.edu/students/sfs/sao/maintax.html

    Tax Questions for Student Fiscal Services

    Email: taxquest@u.washington.edu

    Managing Your Finances


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    Money 101 student may be eligible for up to $4000/$5000 in additional Unsubsidized Stafford Loan

    Managing Your Finances

    Didyou know that the average undergraduate owes $3,262 on credit cards? Loan debt can burden students early on. ‘Money 101’ can help! These interactive workshops focuses on several aspects of responsible money management including: credit reports, fraud, credit cards, earnings & savings, budgets and investments.

    Contact us! sfscust@u.washington.edu

    http://www.washington.edu/students/sfs/outreach/index.html


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    OVERAWARDS student may be eligible for up to $4000/$5000 in additional Unsubsidized Stafford Loan

    • Official Withdrawal

    • student notifies the University that he/she will no longer attend any classes

    • the institution determines that they will not permit the student to continue enrollment

    • Unofficial Withdrawal

    • student does not officially withdraw but does not continue attending classes throughout the quarter

    • if a student does not pass any classes, he/she is assumed to have unofficially withdrawn

    • Over Awarded Financial Aid

    • student receives more financial aid than he/she is eligible to receive

    Financial Aid Disbursement


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    http://www.washington.edu/parents/ student may be eligible for up to $4000/$5000 in additional Unsubsidized Stafford Loan

    Parent Guide


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    Residency Requirements student may be eligible for up to $4000/$5000 in additional Unsubsidized Stafford Loan

    www.washington.edu/students/reg/residency.html

    To be classified or reclassified as a resident, for tuition and fee purposes, a student must establish a bona fide domicile in the state of Washington primarily for purposes other than educational for the period of one year immediately prior to classification as a resident.

    A nonresident student who is enrolled for more than 6 credits a quarter will be presumed to be in the state of Washington for primarily educational purposes.


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    Student Fiscal Services student may be eligible for up to $4000/$5000 in additional Unsubsidized Stafford Loan

    129 SCHMITZ HALL

    Box 355870

    Phone: 206-543-4694

    Email: sfshelp@u.washington.edu

    www.washington.edu/students/sfs/

    Office Of Student Financial Aid

    105 SCHMITZ HALL

    Box 355880

    Phone: 206-543-6101

    Email: osfa@u.washington.edu

    www.washington.edu/students/osfa/


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