money matters:
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Money Matters:
Financial Aid at the
University of South Florida
Financial Aid Disbursement Process/Fee
Payment Bookstore Services
Presentation Agenda
2008-2009 Estimated Cost of Attendance
Florida Residents Fall & SpringTuition $3,990 (2 semesters -15 credit hours/semester)
Room/Board $8,080
Books $1,500
Personal $2,500
Transportation $1,600
Total $17,670
OFFICE OF FINANCIAL AID
2008-2009 Estimated Cost of Attendance
Out of State Residents Fall & SpringTuition $16,710 (2 semesters -15 credit hours/semester)
Room/Board $ 8,080
Books $ 1,500
Personal $ 2,500
Transportation $ 1,600
Total $30,180
OFFICE OF FINANCIAL AID
FAFSA
If you haven’t already applied, it’s not too late for some financial aid programs
Complete your FAFSA to apply for financial aid
www.fafsa.ed.gov
Make sure USF’s federal school code (001537) is on your FAFSA
OFFICE OF FINANCIAL AID
Financial Aid Web Site
Access the following: Quick Updates Quick Links Obtain financial aid forms Financial Aid Programs At a
Glance
OFFICE OF FINANCIAL AID
Financial Aid Web Site
Link to Financial Aid Programs at a Glance to find details on:
Financial Aid Programs Award requirements Renewal requirements
OFFICE OF FINANCIAL AID
OASIS Web Site
Check outstanding requirements Complete online forms Accept awards Regularly check your financial aid
awards
OFFICE OF FINANCIAL AID
OASIS Web Site
Each semester: Check for tuition and/or housing deferments Check for the Bookstore Advance Purchase
Program (BAPP) Review and update your ‘Personal
Information’
OFFICE OF FINANCIAL AID
From the OASIS MAIN MENU, choose ‘Student and Financial Aid’
Then choose ‘Financial Aid’
Choose ‘My Requirements, Bookstore Authorizations and Deferments’
Automatic Tuition Deferments
Tuition Deferments
Provided to students receiving financial aid (including Bright Futures)
Tuition payment will be temporarily deferred
OFFICE OF FINANCIAL AID
Housing Deferments
Housing Deferments Check OASIS to see if you qualify Review your housing contract for qualifying criteria
OFFICE OF FINANCIAL AID
Bookstore Advance Purchase Program (BAPP)
Allows students receiving financial aid to purchase their textbooks & supplies in advance of the first day of classes, prior to financial aid awards being disbursed
OFFICE OF FINANCIAL AID
BAPP Criteria
To qualify you must: Have financial aid of at least $100 in excess
of all charges on your student account Be enrolled at least half-time (minimum 6
credit hours) Check OASIS prior to the start of each term
to see if you qualify
OFFICE OF FINANCIAL AID
BAPP
For example, if you owe USF $3,000 for the term, you must have at least $3,100 in aid for the term to take advantage of the program
OFFICE OF FINANCIAL AID
Tuition Differential Fee
Is an additional tuition fee Approximately $7 per credit hour above base
tuition cost Bright Futures will not pay this fee Pre-Paid recipients may have fee removed after
activation of pre-paid (You take your pre-paid card to Cash Accounting-ADM 125)
OFFICE OF FINANCIAL AID
Florida Bright Futures
Florida Academic Scholars Pays full tuition minus differential fee Pays educational allowance – $375 per yearAnnual Renewal Requirements: 3.0 GPA Earn 12 credit hours per academic year
OFFICE OF FINANCIAL AID
Florida Bright Futures
Florida Medallion & Gold Seal Pays 75% tuition minus differential fee
Annual Renewal Requirements: 2.75 GPA Earn 12 credit hours per academic year
OFFICE OF FINANCIAL AID
Florida Pre-Paid Program
Pre-Paid Tuition Plan Pays for approximately 75% tuition Remaining fees are considered local fees
Pre-Paid Local Fee Plan Pays for approximately 23% of fees associated with tuition Remaining fees are not covered by Tuition or Local fee plans
Pre-Paid Housing Plan Pays for costs associated with specified on-campus residence halls
OFFICE OF FINANCIAL AID
Florida Bright Futures & Florida Pre-Paid Tuition
You can use both programs at the same time.
Each semester:
1. FL Pre-Paid is applied to the student account first
2. Bright Futures funds are disbursed to the student account after the end of the first week of classes
OFFICE OF FINANCIAL AID
Florida Bright Futures & Florida Pre-Paid Tuition
3. Excess funds remaining after tuition has been paid will be applied to other charges posted to your student account
OFFICE OF FINANCIAL AID
Be Sure to Report Funds From Other Sources
Federal regulations prohibit you: From receiving more financial aid than your cost of
attendance
From receiving need-based aid that exceeds your calculated financial need
This may require an adjustment to your award
OFFICE OF FINANCIAL AID
Report Funds From Other SourcesAvoid late surprises: Report any funds not listed on your award
summary in OASIS
Let us know immediately using the Additional Resources form (available from the financial aid website)
OFFICE OF FINANCIAL AID
Be A Smart Borrower!
Your financial aid awards may include student loans Low interest rates Deferred repayments
OFFICE OF FINANCIAL AID
Borrow Wisely!
1. Plan your budget!
2. Borrow only what you need so your eligibility doesn’t run out before you graduate!
3. Keep track of what you borrow!
OFFICE OF FINANCIAL AID
The Loan Process
To receive Federal Stafford Loan funds:
1. Complete the Entrance Interview in OASIS
2. Select a lender using the Stafford Lender Preference Form in OASIS
OFFICE OF FINANCIAL AID
The Loan Process
To receive Federal Stafford Loan funds:
3. Accept, decline or reduce your loans in OASIS
--Be careful in using the “Accept all awards” link
4. Complete a Master Promissory Note with your lender
--Link from the list on the financial aid website
OFFICE OF FINANCIAL AID
University Controller’s Office
How Much Does It Cost?
The 2008-09 tuition rate for undergraduate Florida residents is estimated to be $130.55 per credit hour plus a $37 flat fee
UNIVERSITY CONTROLLER’S OFFICE
How Much Does It Cost?
The 2008-09 tuition rate for undergraduate out of state residents is estimated to be $554.45 per credit hour plus a $37 flat fee
UNIVERSITY CONTROLLER’S OFFICE
Florida Pre-Paid Program
Take a copy of your Pre-Paid card to the University Controller’s Office in the Administration Building (ADM) Room 125
Contact the Florida Pre-Paid Program at 1-800-552-4723 for further details
Tuition differential charge will be removed after activation of Florida Pre-Paid account in ADM 125.
UNIVERSITY CONTROLLER’S OFFICE
Tuition Payment
Tuition is due by the end of the first week of classes Fall 2008—August 29, 2008
Late payment fee: $100
Late registration fee: $100
UNIVERSITY CONTROLLER’S OFFICE
The Student Account: How It Works1. Charges you owe the University are posted
to your student account
Note: Meal plan charges will not appear on the student account until the first week of fall classes
2. Payments are applied to charges on the student account
UNIVERSITY CONTROLLER’S OFFICE
The Student Account: Disbursement Process
3. Financial aid disburses through the student account
• Occurs after the 5th day of classes• Charges posted to your student account
when financial aid disburses will be paid
UNIVERSITY CONTROLLER’S OFFICE
The Student Account:Disbursement Process4. If all charges have been paid and a
credit results, remaining funds will be e-Deposited to your personal bank account (if you subscribed via OASIS)
UNIVERSITY CONTROLLER’S OFFICE
Choose ‘Tuition & Fees’ to Sign Up for e-Deposit
Choose ‘SUBSCRIBE TO e-DEPOSIT’
Subscribe to e-DepositIn OASIS!
How Much Do I Owe?
University Controller’s Office does not send bills
Check OASIS prior to the start of each term Click on ‘Tuition and Fees’
UNIVERSITY CONTROLLER’S OFFICE
Choose ‘Tuition & Fees’
“HOW MUCH DO I OWE?”
Choose ‘View My Account Summary By Term’
Student UID
View Your Account Balance
How To Pay Your Tuition
By e-Check if you have subscribed to e-Check through OASIS
At the Cashier’s Office Administration Building (ADM) Room 131
Drop box outside ADM 131
UNIVERSITY CONTROLLER’S OFFICE
How To Pay Your Tuition By mail
---Remember, the envelope must be postmarked by the due date for each term to avoid the late payment fee
Use OASIS
UNIVERSITY CONTROLLER’S OFFICE
USF BOOKSTORE
Textbook Reservations
Reserve online:
1. First chance at our USED books
2. Avoid lines
3. Book pickup or home delivery
USF BOOKSTORE
Textbook Reservations
Pay using:
BAPP Visa, MC, Discover, AMEX
USF BOOKSTORE
Bookstore Advance Purchase Program (BAPP)
Your financial aid determines your eligibility Eligible students can use their ID as a credit
card The amount you use posts as a charge to
your student account
USF BOOKSTORE
Scholarship Sales
Students receiving book scholarships are processed at the main desk
USF BOOKSTORE
Year Round Buy Back Sell your books back at the end of the
semester If a book is used in the next semester,
you receive 50% of the purchase price
USF BOOKSTORE
WELCOME TO USF
We’re glad you’ve chosen USF! We’re here to serve you! We’re looking forward to seeing you!
THANK YOU & GOOD LUCK
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