Money Matters Bursar’s Office - PowerPoint PPT Presentation

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Money Matters Bursar’s Office

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  1. Money MattersBursar’s Office 2006 Springboard To Success

  2. Bursar’s Office Services • Accept payments for student accounts • Check cashing – student bank account • Distribute student payroll checks • Mail refund checks • Mailed each Friday beginning the Friday before classes start • Produce and mail 1098Ts

  3. Finding the Main Bursar’s Office • First floor Rendleman Hall, Room 1101 • Hours 8 am to 4 pm, Monday - Friday • www.siue.edu/BURSAR • 618-650-3123 • Email: bursar@siue.edu

  4. Satellite Cashier Station • Located in the Service Center,Rendleman Hall, Room 1309 • Hours (extra hour during “peak” weeks): • 8 am to 6 pm, Monday - Thursday • 8 am to 4 pm, Friday

  5. Payment Methods • Cash, Check, Mastercard, Discover, Visa • Internet (a 2% service fee will be charged), in person, mail or night drop • If mailing: • give sufficient time (e.g. 7 or more days) to meet payment due date • print hard copy of bill off CougarNet and send in with check • Returned checks cause a stop to be placed on a student’s account and a $25 charge will be assessed

  6. Installment Payment Plan • Automatic enrollment if student account is not paid in full by first day of class • $20 charge per term • 4 bills for Fall term4 bills for Spring term3 bills for Summer term

  7. E-Billing • Email notification that billing data has been updated • Students access CougarNet and can authorize up to five 3rd party email addresses to receive an email notification; for example, parents • Parents access billing data only with the student’s permission • Students automatically registered for E-billing using their SIUE email address • The following web address provides easy links to Frequently Asked Questions and 3rd Party Signon: www.siue.edu/BURSAR/ebill.html

  8. E-billing (cont’d) • Steps to authorize a 3rd party: • Student accesses “3rd Party Authorization” page on CougarNet and adds a 3rd party email address • An email is sent to the 3rd party email address requesting the recipient to register (acknowledge validity of) the email address • 3rd party receives on the browser an 8-position, randomly assigned and unchangeable password • Password is used along with the email address to sign-on to CougarNet as a 3rd party

  9. Fall Billing Schedule Email dateDue date July 17 August 11 September 5 September 29 October 2 October 20 October 23 November 17

  10. Fall Semester Bill Example(Subject to Change) • Guaranteed IL Tuit./15 hours $2379.00* • Fees, including textbook rental $ 590.15** • Residence Hall, shared room $1985.00 • Meal Plan A $1250.00 Total $6204.15 *Illinois tuition is $158.60 per hour. Out of state is $396.50 per hour. **Textbook rental is $8.55 for each hour above 15 hours.

  11. Fall Semester Bill Example (cont’d)Initial Billed Amounts on CougarNet • Installment Payment Due = $1,551.04 • Balance Through Today = $6,204.15 • First Due Date = August 11* * Note: $20 installment fee added to second bill if Balance not paid in full by first day of class

  12. Financial Aid Recipient and Billing • For some recipients of financial aid, the aid may cover the 1st, 2nd and possibly 3rd installments • First actual payment may not be until the 4th installment • Verify via the “Unpaid Installment Payment Due” line on the Installment Due page of CougarNet (amount would equal zero) • May be changing for Fall 2007

  13. Financial Clearance • Officially enrolled status • Financial clearance is required to: • Avoid having classes dropped • Use University services • Remain in University housing • Work on campus and access SJF

  14. Financial Clearance (cont’d) • Financial clearance is achieved by completing one of the following actions by the first payment due date: • Paying semester charges in full or • Making the minimum payment (Installment Payment Due), thus enrolling in the Installment Payment Plan ($20 charge) or • Having sufficient financial aid to cover at least 25% of charges

  15. Fall Billing Schedule Email dateDue date July 17 August 11 September 5 September 29 October 2 October 20 October 23 November 17

  16. If a payment is missed … • Missed payments will result in a 1.5% service charge.

  17. Billing Address • Created in one of two ways – • By the student via CougarNet, or • By the student via paper form available from the Bursar’s Office or Service Center • Used as first choice address by the Bursar’s Office for mailing refunds and 1098Ts. • Local or permanent address will be used if a billing address is not created.

  18. Tax Relief Act of 1997 • Established the Hope and Lifetime Learning tax credits • 1098Ts are mailed to all students • Also available on CougarNet • SIUE cannot provide any tax advice

  19. FERPAFamily Educational Rights andPrivacy Act • Protects student educational records such as academic progress and financial data • Students “own” their educational records and such data may not be disclosed without the student’s consent • This includes parents • Authorization form provides consent • Notarized signature of student or witnessed by Bursar’s Office employee • Password protected

  20. Just ask for assistance! We are here to help your son or daughter graduate from SIUE!